My Blog About Blockchain: DAOstack : A Governance Framework for DAOs

DAOstack is an operating system for a brand new type of organization:. DAO:Decentralized self-governing organizations captured the imagination of the most effective minds within the blockchain area, however despite the promise they remained an abstract plan. one among the key points of the failure is that the lack of a solid framework for decentralized block chain management. Based on the DAO stack, Arc is an open, universal structure of smart contracts for decentralized management and collective value management over a blockchain block. Just as HTTP allows you to create and interact with websites and web applications, DAOstack allows you to create and interact with online companies, collaborative applications and DAO, as well as to customize their interests. The result is a new network of open cooperation in which collectives can self-organize around common goals and values, beyond pure economic growth.

What is the DAOstack platform?

Simply put, DAO Stack is a completely new, functioning structure that can be used to manage DAO. Although the use of this system, public creators of sources from around the world can work together on a wide range of applications D (while also spreading personal property of the subject among participants with a value).
In addition, the entire DAO Stack can also be used by crowd curators to work together and maintain ranking systems, which can then be used for advisory and travel documents, etc.

How DAO's work?

DAO is a public source tool able of modifications member consensus. They're presently made possible by the development of ETH. ETH is an open block-chain that works as a decentralized digital tool for executing P2P agreements. As mention earlier, a DAO is a firm that's managed via laws and coded in intelligent agreement and run on the block-chain. There're a lot of methods DAO is working such as tokens of trades, consensus, Proposal, Contracts, Autonomous, voting.

• Token of transaction: A DOA firm needs an internal procedure which is vulnerable in a few ways and it has the skill to use the procedure for rewarding some activities. DAO's doesn't have any hierarchical system, nor management or executives.

• Independent: By exploiting the unit which is autonomous of its makers and not influenced by exterior forces. In this way, they will eliminate the 3rd party participation in the financial deals.

• Proposals: The main way of creating a decision in DAO is the Proposals.

• Contractors: DAO can't build an item, write code or build up hardware. It requires a contractor to accomplish its aims. Contractors get allotted via voting of token owners.

• Consensus: In this component of DAO on stirring funds, most stake holders have to agree on the decision. If mistakes are found in the code, they couldn't be settled until a voting process has taken place.

• Voting: After submitting a suggestion, voting takes place. DAOs permit people to exchange financial value with any person in the world, like money raising, investing, borrowing, lending, without the assistance of any mediator, only by trusting the code.

The future of the organization

The ability to organize and organize a large number of people (and drivers) of the society that it has undergone constant evolution for thousands of years. In this chapter, we will describe the challenges facing today's organization and the new possible form of online organization: DAO.

Older organizations

The cooperation of agents increases their effectiveness in relation to external competitive market forces. This is the basic origin of the company. However, the coordination of a large number of agents is difficult and expensive, which is why organizations can not grow indefinitely. When they grow, organizations need a more rigid structure and thus face a growing challenge to: a) maintain efficiency in the context of rapidly changing conditions and b) maintain the coherence of interests, trust and commitment among its members. In short, the bigger the organization, the more internal friction it has to deal with; the smaller it is, the more the external competition prevails. Actual company size. Every once in a while, the introduction of new technology or paradigm shift helps reduce the efficiency of the organization.
The Internet is allowed to exchange information in real time, real-time and peer-to-peer on a global scale. As a result, online media has become more efficient than traditional media and has been quickly absorbed by the latter. However, the Internet itself does not support open, partner exchange of values and coordination of general goals.

The basics of the thriving DAO ecosystem

DAOstack works on GEN

GEN is a native DAOstack token. Basic operations in the DAOstack ecosystem - such as promoting proposals - will require the issuance or possession of a GEN GEN are going to be distributed among purchasers of import through the DAOstack structure itself, encouraging development, promotion, and adoption 713/5000

Details of the GEN token:

• GEN token is for this DAO STACK system, basic operations on the platform will require processing of the GEN token.
• Symbol: GEN
• Chip type: ERC: 20
• Total token: 100 M
• ICO Tokens: 40 M
• Hard limit: 30 M USD, USD fixed, remaining tokens destroyed
• Token sharing: 40 percent
• ICO: 40 percentage
• Reserve token: 10 percent
• Team: 10 percent
• Business development: 1%
• Price one token: 0.75 USD
• GEN / ETH is TBD based on the cost of the site
• MVP: yes
• GITHUB and MAINNET are introducing over the next few weeks
• Crowd sales bonuses, Advance sale: 0 to 30 percent
• Strategic bonus with a two-year closing
time Distribution of token time
• After sales end in May