Following are the steps to transform my business into a DAO to be govern and own by a community.
Phase (A): Dao Infrastructure. (Aprox. 6 month)
- Create the governance token (LCOMAAT : linking communities one million at a time).
Only one million LCOMAAT will be created to be distributed to the first interested
ADA holders.
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Construct a communal vault to house all community funds. (Don’t Know, help)
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In order for the majority of members to agree on decisions, a consensus mechanism
is required.
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Create a forum for community members to present their projects and ideas. (1 aprox. week)
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A digital wallet to provide member with the following functions: (Aprox. 4-6 months)
a) a dashboard where ideas and issues will be shown.
b) a function to vote on those issues.
c) The ability to buy ADA coins because each member must contribute daily at least $1 in
ADA coins. All contributions will be held in a communal vault for the purpose of purchasing
or establishing new businesses. Additionally, we will need functionality to hold members
accountable for the above requirement.
d) The ability to verify their balance as well as the balance of the community vault.
Our DOA infrastructure should have functionality to transparently distribute the business revenue among the community members and employee as follows: 40% of the money goes to their employees, 30% goes to members of the community and 30% will be placed in a firm's common vault, which will be used for company renovation and expansion. As mentioned below, 1% of each transaction goes to members of the community.
Phase (B): Develop the software and logistics required for the business clientele. (Aprox. 6 months)
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Ability to convert all customer payments into ADA coins. (1-2 months)
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A mobile app: To facilitate clients to pay with ADA. We will have price reduction incentives if
the customers pay with ADA. (Approx. 3-4 months)
- Teach front-desk workers about the Cardano ecosystem, wallet use, and installation
so they can help customers.
Phase (C): Operations.
- All employees will be required to join the governance community and to make
the daily contribution into the communal vault.
- Employees will start working 40h/w. After the first year, if the business is on profit, the
working hours per weeks of all employees will be reduced but still be compensated
for a 40-hour work week and new employee should be hired. This way employees with a
family can have quality time with them.
- 1% of each business transaction will be distributed among the members of the
community proportionally to the amount of ADA they hold. Members are only allow to
stack up on ADA on the first year. Past that year they are only allow to by $1 worth of
ADA on a daily basis.
- Decisions on hiring and firing key employees will be determined by majority vote of the
governing community (save for our first firm where I already have all the workers).
- Each business will be audited at random by an external auditing firm, and it will present
the audit report to the community.
Phase (D): It entails expansion.
Once we have completed the experiment on my company successfully, the deployment to
other communities and countries will have a snowball effect. During this phase, the community
selects the next project, which is funded by the community vault. We should have a million
members by then.
Since our main goal is to prosper together, I propose the following three DAO:
health, food, shelter, and transportation. These companies will operate as transparently and
decentralized as possible for their members.
- First, a health insurance firm. Unlike the present bureaucratic health care system.
Initially, the firm would exclusively service community members. Every member pays $50
ADA monthly. Once we get it under control, we will sell it to the public at regular price.
- Grocery store. Members will save money by buying food at cost. Non-members purchasing
with Cardano get a discount, otherwise the standard charge.
- Businesses in building and real estate to help members buy properties. Buying a home with
no down payment and cheap monthly payments will be one of the community's benefits.
The community will own all properties. When the balance is paid, the buyer receives the deed.
- car dealership. As above, business benefits and operations apply.
Phase 4) We'll see a snowball effect once we successfully finish the experiment at my company.
The deployment to other communities, towns, and nations will start by creating another
million governance communities to launch new or similar DAOs.
I need a kickstart to construct the first version of the app that community members will use to interact with the blockchain and other community members. This app will have a lot of features, but for now, we just need a feature that allows those who want to become members to download the app from the website I'm currently working on and get their membership token. So all I need now is some cash to begin going. When we get enough people signed up, we will be able to pay for the entire project with the money that the members provide us.
I need a specialist in DAO/App Blockchain development to get the app started
160 hr for app development at $200 = $32,000
Marketing campaign = $10,000
Total = $42,000
I am looking for committed people to join.
1 digital marketing,
1 cyber security specialists
3 DAOs, blockchains, and /dApps developer.