I guess the Subject summarises what I want to ask but I am guessing that there could still be a lot of developmental changes happen before this feature becomes available?
Thanks!
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Likely once InterCloud, the coming layer1, is built, and its accompanying token ITRx. A DAO can be discussed. But that is up for Greg to discuss as it is his baby. A DAO would just incorporate not only economic rights but governance/voting rights for how Intercoin would make decisions on how it evolves in the future.
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You are going to experience it at https://intercoin.app very soon.
All these ideas — NFT, DAOs — are in their first generation stage. Every industry went through it. Computer games like Pong and Space Invaders used to be all the rage but today we have realism since Halo and Call of Duty and Gears of War etc.
This is similar to how we had the early Web1 (AltaVista, and a lot of silliness like the and tags) and early Web2. People today want user friendliness and a lot of features.
They understand concepts like
- Communities and Roles
- Profiles and Org Charts
- Chats and Videoconferencing
- Badges (which NFT world calls POAPs)
- Credits / Karma (community coins)
Some are transferable (credits) and some are not (roles).
People should just have an organic experience starting with a social app (like WeChat) and then adding buttons to pay people (as most messaging apps have done). Then add voting, governance etc.
You could sell NFTs to govern a channel, for instance, and discuss what content will be posted on the channel. The SEC doesn’t seem to consider audience and influence as a form of “profit”, in the same way as making more money would be. So people could collectively run a channel. Check out the software we have for podcasters, political campaigns, conferences and more:
Soon we will be making apps for the Forward Party (now the largest party in USA after Democrats and Republicans) and Rohingya People (3 million stateless people) and refugee fund for Ukraine, Afghanistan etc.
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@philip_rhoades there are several points that you need to consider. As a DAO (Decentralized Autonomous Organization) is an organization that is run by rules encoded as computer programs called smart contracts, this feature is already available because Intercoin is a blockchain-based platform that provides tools to create and manage DAOs.
In a nutshell, you would need to follow several steps to create a DAO with Intercoin’s technology but you might need to book a 1to1 consultation with @Greg_Magarshak to elaborate on these steps:
- Get a licence for a smart contract from Intercoin to specify all details of your vision: You would create a smart contract that specifies the rules and governance structure for your DAO. You can use Intercoin’s innovative smart contract templates to create your own.
- Launch the DAO: You would launch the DAO on the Intercoin platform and distribute tokens to members. The tokens would represent ownership and voting power in the DAO.
- Manage the DAO: The members of the DAO would use their tokens to vote on proposals and make decisions. The smart contract would automatically execute the decisions based on the rules specified in the contract.
- Interact with other DAOs: The Intercoin platform allows DAOs to interact with each other, enabling collaborations and partnerships.
Intercoin’s technology provides several benefits for creating and managing DAOs. The platform is designed to be user-friendly, allowing non-technical users to create and manage DAOs. It also provides tools for fundraising, member management, and governance. Additionally, the platform is designed to be scalable and secure, ensuring that DAOs can operate efficiently and securely.