The Manifesto - CULT.DAO

youtu.be

The Manifesto - CULT.DAO

youtu.be

Kapow@exploding-heads.comM to CULT DAO@exploding-heads.com · 2 years ago

cross-posted from: https://exploding-heads.com/post/84881

There is so much to think about in this manifesto.

You must log in or register to comment.

Chat

CULT DAO@exploding-heads.com

cultdao@exploding-heads.com

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !cultdao@exploding-heads.com

Cult DAO subverts the previous model of Venture DAO. Most Investment DAOs either have high barriers of entry (e.g. The LAO, MetaCartel Ventures) or have centralized operation and decision-making mechanisms (e.g. BitDAO). Cult DAO successfully avoids these two shortcomings.

Cult DAO is not a traditional investment DAO because the investment funds are not accumulated from new fund partners but taxed from traders and also because its investment activities cannot be analyzed separately without the tax. It’s an open, self-reinforcing system that combines transfer payments and investments.

The innovation of Cult DAO greatly improves the efficiency of an authentically decentralized DAO. Not only due to the token distribution designed for the community and renouncing of all contract ownership by the team, but also because of the governance model that separates proposing right and voting rights which has the potential to be widely adopted by DAOs.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

0 users / day
0 users / week
0 users / month
1 user / 6 months
1 local subscriber
1 subscriber
20 Posts
0 Comments
Modlog

mods:
Kapow@exploding-heads.com