DAOstack ICO: A Review

DAOstack calls itself as the toolkit for exponential organizations, and its primary aim is to power decentralized companies, funds and markets to make fast and innovative decisions at scale. 

DAOstack wants to bring about drastic changes in the future of collaboration. Disparate groups of people can come together to co-operate and take excellent decisions collectively by using the blockchain-based decentralized governance feature. DAOstack is also often referred to as an operating system for collective intelligence and also as WordPress for DAOs. 

The platform that DAOstack is going to launch will include a modular smart contract framework, an easy-to-use interface as well as a user-friendly developer environment that will allow people to create or participate in a decentralized organization even if they do not have technical knowledge.

It has been pulged that a DAO fund for management will reserve most of the proceeds from the token sale. The community of GEN token and reputation holders will create proposals regarding the distribution of the resources.  

The DAOstack is an operating system for DAOs. Open-source creators will be able to produce Dapps with the help of DAOstack. They will also be able to distribute inpidual ownership of the product to contributors of value. Crowd curators will be able to manage and hold multi-valued ranking systems which will enable them to compete with organizations like TripAdvisor, YouTube or Yelp. Furthermore, autonomous networks will be able to run their insurance fund or collective investments. DAOstack is confident that they will be able to transform the way people organize their businesses, whether it is a startup or a big corporation or even nonprofits and even nations. 

The main features of this platform are:

Blockchain governance: You are assured of perfect execution of crowd decisions by means of the decentralized governance that is based on the Ethereum smart contracts. 

Programmatic cooperation: Frictionless cooperation at the collective level is assured with the help of a crypto-economic incentive design at the inpidual level.

Holographic consensus will make sure effective decision-making possible with edge decisions that will reflect the choice of the greater majority. 

Ethereum powers the platform. 

Decentralized Autonomous Organizations have been talked about much in the blockchain arena, but their applications have been limited. The main reason for the failure is the lack of a robust framework for decentralized blockchain governance. 

DAOstack has Arc1 at its base which is an open, universal framework of smart contracts for collective value management and also for decentralized governance. DAOstack will allow the creation and interoperability of web companies, collaboration apps, and DAOs and even the alignment of their interests. 

Blockchain companies, nowadays, have a lot of resources at their disposal but they are unable to use these resources appropriately. DAOstack will help to develop decentralized applications in a much easier way, and they will use customizable tools for collective resource management, budgeting, incentivisation, and decision-making. 

The token distribution

The native token of the DAOstack platform is called GEN. Performing basic operations across the DAOstack ecosystem will require a person to spend or hold GEN. GEN will be distributed to contributors of value through the DAOstack framework itself, and this will incentivize development, promotion, and adoption. 

The total tokens that will be raised are 60,000,000.

There will be a total of 100 mil GEN. 40% of the tokens will be allocated for the Genesis DAO, 40% for the buyers, 10% for DAOstack Future and 10% for DAOstack Current. 

DAOstack is based in Gibraltar. 

The soft cap of the project is 5,000,000 USD while the hard cap is 30,000,000 USD.

The team:

CEO and Architect: Matan Field

CTO/Technolgy: Adam Levi

Community and Business Development: Nathalia Scharer

For more details on the team, please visit: 

https://icobench.com/ico/daostack/ratings

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

Social media presence:

Telegram: https://t.me/daostackcommunity

Twitter: https://twitter.com/daostack

Reddit: https://twitter.com/daostack

DAOstack’s project is promising in the aspect that it is attempting to create a simple framework for establishing and managing DAOs. DAOstack has already had a working product on the testnet, and DAOstack is also planning to release it on a Mainnet in April. However, the whitepaper has not mentioned how they plan to spend the funds that they have raised. Nevertheless, this looks like to be a promising project.

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