What are DAO Funds? Let's talk about it

in WORLD OF XPILAR4 months ago (edited)

The DAO stands for Decentralized Autonomous Organization.

Steem.DAO is an account on the Steem blockchain (@steem.dao) that receives 10% of the annual new supply. These funds are dedicated to the Steem Proposal System (SPS) for platform improvements

Every day a portion of the SBD fund managed by the Steem.DAO is distributed to various proposals, depending on a) how much the proposal is asking for and b) how much approval the proposal has.

The Steem.DAO was a concept proposed by @blocktrades to allow Steem users to publicly propose work they are willing to do in exchange for pay. Steem users can then vote on these proposals in almost the same way they vote for witnesses. It uses stake-weighted votes, but voters can vote for as many proposals as they want.

The info is taken from @steemitblog
HF21: SPS and EIP Explained

For those of you who want to read about the whole HF21 and The Steem.DAO click here

Steem Developer Portal(Steem.DAO) here is also a lot of info click here

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Why am I posting this info now?

I want all steemians to familiarize themselves with what is Decentralized Autonomous Organization (DAO) is

Today, it is almost impossible for developers to apply for funding from the fund. Let me explain it

During the Hive split and with the previous witnesses, Steemit Inc. decided to protect the chain with a return proposal with its large assets and it means that DAO funds were not used for malicious purposes.

What was done this time during the split with Hive to block off DAO funds was sensible

@dev365 is today the account that has the largest share of the return proposal with 83.72% - Proxied SP (40,641,010,831 SP)

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Now the time has come for DAO funds to be opened again for developers on steem if @dev365 withdraws its shares

If you want a new frontend with a new design on steemit, I think everyone wants that. @the-gorilla wants to develop it if he gets his proposal through with DAO funds

Here you can read the entire post by @the-gorilla Modernise steemit.com Interface (DAO Proposal) click here

Whether @dev365 removes his votes or not, @the-gorilla needs your vote. Let's show muscle now in the whole society and vote for him 💪

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💪💪💪💪 Remember to vote for his proposal, click here💪💪💪💪

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If you vote for @the-gorilla and you have set a Wittne proxy to vote for you, your vote will not count, but it will count if the proxy has voted

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As you can see, there are votes with a line above and then that vote does not count when it is set as a witness proxy, but it counts if the witness proxy votes

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xpilar.witness

Voting for me:
https://steemit.com/~witnesses type in xpilar.witness and click VOTE

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Founder of @wox-helpfund

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If you want to know more about @wox-helpfund click here


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 4 months ago (edited)

Definitely a great step towards improvisation, new design will not only attract new comers and will also give a freshness feeling to existing ones.
I wish you all the best sir

 4 months ago 

Thanks for sharing this! It was definitely a wonderful idea, and hopefully this can become (somewhat) decentralized, as I expect the original intention was.

And I'm definitely in favour of @the-gorilla's proposal for a new front end! We desperately need that.

I also hope we can get to a point where someone/someoneS take on such jobs as "Exchange Liaison" to get better distribution for Steem, and maybe "Public Relations Person" to actively spread news about Stemit/Steem. Decentralization is nice, but not always the ideal structure for certain types of tasks.

 4 months ago 

I hope that many people will spread the word about the proposal of @the-gorilla

This time I am sure that society will show its muscles and will vote

 4 months ago 

This is interesting one, DAO meaning sounds good with no ideas of centralized which Steemit policy against.

I hope this post reach the important part of the platform so it could reach exactly people of the same mindset.

Re-steem

 4 months ago 

Thank you @davidad

#makesteemgreatagain
We are waiting for steem.inc response 😀

Thanks for this post and information

!ask what is DAO in blockchain?



DAO (Decentralized Autonomous Organization) is a type of organization that operates on a blockchain network, using smart contracts to automate decision-making processes without the need for human intervention. DAOs are controlled and governed by their members, who hold voting power in proportion to their stake in the organization. This allows for decentralized and democratic decision-making, without the need for a central authority or intermediaries. DAOs can be used for a variety of purposes, such as managing decentralized funds, coordinating community projects, or governing decentralized applications (dApps). They aim to create more transparent and democratic systems by removing the need for intermediaries and promoting community participation.


command: !ask is powered by witness @justyy and his contributions are: https://steemyy.com
More commands are coming!.
!ask is currently based on ChatGPT-3.5

 4 months ago 

A much-needed post to clear any ambiguity.
I hope this brings a breath of positive change.

And yes:
"Together, we can achieve more!"

 4 months ago 

"Together, we can achieve more!" 💪

Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
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please click it!
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(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)

The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.

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