Some understanding of DAO (2)

When many people discuss DAO, they will focus on "democracy", but from the perspective of organizational management, I think the goal of DAO should be the focus, that is to say, "democracy" requires In line with the actual interests, it can be used as the main point of the organization's operation.

From the case of DASH, after all, he is the first organization to implement DAO. After the founder of DASH abdicated and replaced him as CEO, he established the earliest DAO organization in DASH. Although this DAO organization was established by the founder, the operation is social Group, that is to say, the founder organizes the DASH community to supervise DASH.

But how does DAO oversee DASH?

This starts with the verification mechanism of DASH. In addition to PoW, DASH also has a design called Masternode, also known as the master node. Anyone can become a master node. As long as 1000 DASH is pledged, the threshold is very low, so this is effective The problem of anti-51 attack, DASH's DAO is carried out on the Masternode, when someone wants to make suggestions on the development of DASH, or apply for sponsorship with DASH, they need to vote through the Masternode, which even affects the internal development of DASH The budget, 10% of each mining is stored in the so-called financial reserve, once the vote is passed, the budget will be distributed to the applicant through the Masternode.

Similarly, when the development of the main DASH company is not accepted by Masternode, Masternode can choose to give up the upgrade to ensure that the development of DASH is in the interests of most people.

Each Masternode has one vote. When the number of Masternodes with more than 1/10 of the number of Masternodes in favor of the proposal exceeds the number of negative votes, the application is considered a successful application. There is a limit of one project per month. If there are multiple eligible proposals in the month, the one with the highest net votes will receive assistance.

On the whole, DASH's DAO does not help DASH to make decisions, it is more like an auxiliary unit or a supervisory unit, which is a very clear application of DAO in organizational operation.

Another great use case is GitCoin, a mechanism that helps volunteers on Github get a certain level of support, including project funding.

GitCoin is much more complicated. For example, you can donate Matic or Ether to get Gitcoin. GitCoin itself is the management token of the organization, which means that you can get a better voice by donating.

GitCoin itself has a value, which means that you can withdraw your donation at any time, which also restricts GitCoin. If it develops better and better, the value of GitCoin will naturally increase, but if GitCoin spoofs, Users' confidence in the value of GitCoin will begin to decline, causing a sell-off.

But with GitCoin alone, you can’t participate in their DAO. You need to have 150% real-name verification first, and you need to apply first, then interview to make sure you know what responsibilities the DAO has to bear. After passing the interview, you will start grouping. Only then do you have DAO permissions.

After you have the DAO authority, you can start to participate in their voting decisions. Like many DAOs, if the proposal you support is passed, you can also get rewards. The GitCoin team has gradually entrusted the operation of the entire organization to the DAO. Practice More comprehensive decentralization.

The proposals on GitCoin are very diverse. In addition to budgets, activities, cooperation, etc., it even includes "how to DAO", or "what tools do DAOs need". It is not only the GitCoin team that completes the proposals, but also open to the public. To members of the entire GitCoin community, which means that you can earn a case provided by the first party at GitCoin (yes, GitCoin is also an outsourcing platform), or earn a bonus for the proposal of the GitCoin team.

I wrote too many words yesterday. Today, I will give these two examples about the landing of DAO.

The next article about what direction DAO should write, leave it to the comment area to DAO.