DAOstack

What's is DAOstack...???






DAOstack is an operating system for a new form of organization:
the DAO. The Decentralized Autonomous Organizations have captured the imagination of the best minds in the space of the block chain, but in spite of their promise they have still been an abstract idea. A key point of failure is the lack of a solid framework for the governance of the decentralized block chain.
At the base of the DAO stack, Arc is an open and universal framework of intelligent contracts for decentralized governance and collective value management over the blockchain. Just as HTTP allows the creation and interoperability of websites and web applications, DAOstack allows the creation and interoperability of web companies, collaboration and DAO applications, as well as the alignment of their interests.

The result is a new web of open collaboration, in which the collectives can self-organize around shared objectives and values, beyond pure economic growth. We believe that this will be a critical step in the evolution of society towards a more cooperative and sustainable future.
DAOs are open, self-organized collectives coordinated by economic incentives and self-executing code,
cooperating around shared goals. Powered by the network effect, DAOs providearevenue modeland incentive
for the production of open, shareable resources (such as open-source code and a music file). With the creation
of more open resources, the DAO will beable to scale indefinitely while keeping itsagility and coherence,and in
many cases outcompete existing corporate structures. DAOs have attracted top talents in the blockchain space,
holding promise for more efficientand resilient organizations. Despite this, they have lacked critical elements to
be ​successfully ​deployed ​so ​far, ​and ​in ​particular ​an ​adequate ​decentralized ​governance ​system.

HOW
The foundations of a thriving DAO ecosystem

THE ARC FRAMEWORK

Arc is an evolutionary framework for scalable governance

ADAPTIVE

Arc supports an infinite number of governance elements. Its library of schemes and global constraints will evolve as the DAOstack ecosystem grows, with new templates and modules developed and added by the open-source development community and third parties.

MODULAR

Every DAO’s governance structure is made of small building blocks – governance modules, or elements – that can easily be added, combined, edited or removed. Modules do not need to be redeployed onto the blockchain, but rather only referred to, saving storage and operation costs and enhancing security.

UPGRADABLE

The governance structure of each DAO can easily be upgraded to use new schemes and constraints, or different parameters of existing ones. More granularly, each DAO created through Arc comes with a particular set of rules, which by default include the rules to change the rules.

ECONOMY

DAOstack runs on GEN

GEN is the native token of the DAOstack platform. Basic operations across the DAOstack ecosystem – such as promoting proposals – will require the spending or holding of GEN. GEN will be distributed to contributors of value through the DAOstack framework itself, incentivizing development, promotion and adoption

GEN Distribution

The ​Blockchain

Blockchain is the second internet revolution, doing for value and business what the Internet has done for information and media. It allows unprecedented levels of crowd coordination by eliminating altogether the

issues of fault and trust, and consequently forms the technological basis for Decentralized Autonomous Organizations (DAOs). A DAO isa new form of scalable, self-organizing cooperation, that is operated by smart contracts on the blockchain. Many believe that DAOs hold the promise for the future of business and work, but despite a lot of traction in the blockchain community around this subject, a successful governance system and ​operational ​basis ​for ​DAOs ​is ​still ​missing.

Agencies

The building blocks of DAOs are smart companies, or agencies (we will use those terms interchangeably). An agency is an atomic governance unit that is managed and operated with smart contracts on the blockchain. It has its own token (related to benefits of the company’s resources), its own reputation systems (related to credibility and influence in company matters), and its own governance system (its “bylaws” encoded in smart contracts).

The governance protocol embedded in the smart contract ofan agency can beanything one can come up with. A simple example is a proposal-based governance system, with a yes/no majority vote on proposals needed for

approval and execution (which are one action in smart companies). Proposals might be about token distribution, for example, and votes can be weighted by the voter reputation. We will give a handful of other examples ​in ​the ​next ​chapter. ​In ​a ​heuristic ​visualization ​it ​could ​look ​like ​this:

HOW The foundations of a thriving DAO ecosystem

DAOstack runs on GEN

GEN is the native token of the DAOstack platform. Basic operations across the DAOstack ecosystem – such as promoting proposals – will require the spending or holding of GEN.

For more information and joining Daostack's social media, please follow the following sources:

WEBSITE :https://daostack.io/

WHITEPAPER :https://daostack.io/wp/DAOstack-White-Paper-en.pdf

YOUTUBE :https://youtube.com/c/daostack

TWITTER :https://twitter.com/daostack

TELEGRAM :https://t.me/DAOstackChannel

Bitcointalk Profile Url : https://bitcointalk.org/index.php?action=profile;u=1832746

ETH Address : 0xEA8f7425f79f182EFDE78D287baa0629FA5AD429