https://www.etftoken.org/

ETF Token is all about providing access to the best of this world changing technology known as Blockchain.  It is an easy to purchase token, which is backed up by a fund containing the best cryptocurrencies and blockchain projects available. 

The Vision
The projects we contribute to are well founded initiatives that offer innovative solutions for the world.  We expect their teams to maintain an exceptional product and an ethical vision that we can believe in.  ETF Token and fund is not just for the experts on blockchain to participate.  The token holders form a friendly community that helps direct the fund.  They vote on great team members and fund managers to oversee the day-to-day operation of the decentralized organization, the blockchain, and the fund.

Highlights
This DAO aims to make participating in dozens of applications utilizing this revolutionary technology as easy as downloading an app.  It is an organization that is secure, accessible and easy to join.  And it is run by the token holders for the token holders. Holding a single ETF Token makes you a member of this community. 

Who We Are
This is not a company picking and deciding what to sell you.  This is an organization for each ETF Token Holder to help decide what this token will represent. Does it represent tokens that support clean energy or a new type of electric grid, does it change the way we think about self-governance or the way we think about engaging with independent contractors.  Does it engage with ethical businesses aiming to solve 21st century problems?  Will this fund hold tokens that will change the future of the planet for the better?  That is for the community to decide.

Mission Statement
ETF Token aims to provide convenient and fair access to the best of blockchain to anyone in the world.

Diversified & Decentralized
ETF Token is all about providing access to the best of this world changing technology known as Blockchain.

It is an easy to purchase token, which is backed up by a fund containing the best cryptocurrencies and blockchain projects available.

The blockchain projects we contribute to are well founded tokens that offer innovative solutions for the world.

https://www.etftoken.org/

Note: Much of this concept is pulled from a more token specific Strategic Planning Document available on our website.  Because we are a decentralized autonomous organization our draft documents and concept papers are uploaded, updated, and re-uploaded continuously at https://www.etftoken.org/whitepaper

JT

We are trying to establish a DAO on Aragon 0.5 which is schedule to be released within the next couple weeks.  This will be a true international decentralized organization aiming to contribute to the best blockchain projects and tokens available.  Here is our Decentralization Strategy Concept.  Message me if you would like to learn more about becoming involved with or contributing to a next generation DAO.

 Decentralization 2.0

A plan of action for moving past the buzzwords.

DAOs. Decentralized Autonomous Organizations are defined by Wikipedia as

“A decentralized autonomous organization (DAO)… is an organization that is run through rules encoded as computer programs called smart contracts.[1][2]:229 A DAO's financial transaction record and program rules are maintained” on a blockchain.”

Decentralization is what many of us claim to love about blockchain. The idea that our information is not controlled by a centralized server. The idea that a public ledger can be safely maintained without a central entity. The idea that something of value can cross boarders digitally and in only a matter of second or minutes. Blockchain is decentralized already, but what about the teams.

Everything referenced above regards the decentralized nature of the blockchains themselves. But what about the decentralized nature of the organizations that maintain them.

All current cryptocurrencies have one thing in common, the initial team holds an inflated portion of the wealth. It’s all the same, whether it is 10%, 20%, or 50% retained for the founding team. The fact is that many times significantly less and even occasionally 0% retained for the founding team can still lead to a successful project. It is important to outline to token purchasers exactly why the teams need the portions that they do, whatever that percentage might be. Imagine engaging VC for a business, and telling the investor you needed 100 million USD to launch, 20 million of which is for you and your buddy from college and your cousin ted to split yourselves. They would laugh you out of the room. As ICO contributors, we simply accept this pillaging of our initial investments. This creates a myriad of problems; founding teams becoming too greedy, forced holding limits on when ICO investors can buy and sell and downright scams and get rich quick schemes meant to benefits only the founders of that particular token.

What if the token holder’s were the controlling organization. Blockchain via the use of smart contracts enables much more than the decentralization of a ledger. Think of it as breaking down every aspect of running a blockchain organization into definable “contracts” as opposed to job description. These true DAOs would function like the baseball team from the movie “Moneyball”. In the movie a mathematically inclined manager uses specific parameters to establish a team that at first glance does not appear to be a rival to the traditional teams in the league, but soon proves otherwise.

The token holders of a DAO 2.0 can be this mathematically inclined project manager and utilize blockchain contracts and agreed token compensation for each unit, team member, and task. Remember by being decentralized this “scattered” team actually provides security for the token holders. No national residence or location on earth holds the majority of the team, just like no singular location holds the blockchain.

Some projects are already starting to embrace this philosophy. Consider the recent news release from Luis Cuende Project Lead @ Aragon : “That’s why we will start to decentralize the development of Aragon during 2018. Splitting the Aragon Foundation and the Core Developer Company Funds were raised in the token sale in order to best serve the interests of the Aragon project. For the project to be as resilient as possible, the development of the project should not be controlled by a single central entity. It should be in the hands of the community and multiple different development teams.”

A universal template for DAO Community Management Plans.

Although each decentralized team will be unique, we have established a baseline compensation plan used for a token we are developing to outline a potential team member breakdown. Remember this is designed for a scalable token not a closed-end hard cap token. So the amount of compensation per team grows based on the number of tokens issued. Many DAOs have the ability to offer scalable tokens which are rarely available from corporate owned blockchains, due to their desire to take so much profit off the top of the ICO. This DAO concept has no need for an ICO although some may require one.

Pre-sale fund distribution Pre-sale Goal Total Trades in Ethereum 20,000.00 Chief Executive Officer (0.025%) 5.00 Chief Operations Officer (0.025%) 5.00 Chief Technology Officer (0.025%) 5.00 Chief Financial Officer (0.025%) 5.00 Legal Unit (0.025%) 5.00 Legal Unit 2 (0.025%) 5.00 Accounting / Auditing Unit (0.025%) 5.00 Community Chair (0.0125%) 2.50 Community Unit (0.0125%) 2.50 Management Unit (0.0125%) 2.50 Operations Unit (0.0125%) 2.50 Media/Advertising Unit (0.0125) 2.50 Network Security Unit (0.0125%) 2.50 Blockchain Development Unit (0.0125%) 2.50 Technology Unit (0.0125%) 2.50 Web Unit (0.0125%) 2.50 Transaction Processing Unit (0.0125%) 2.50 Financial Unit (0.0125%) 2.50 Trading Unit (0.0125%) 2.50 Operation Fund (0.05%) 10.00 Total: 0.375%

As you can see this breakdown provides a small incentive to every member necessary to establish a fully functioning DAO. And this is just a baseline, other team members and smart contract parameters could be added based on the issues each specific DAO is trying to fix. This incentive doesn’t guarantee the founding team millions of dollars. It incentivizes them to get paid as they work on, improve and grow the project. DAOs could use this structure to compensate the team for getting through the presale. They could even double the rates after the pre-sale and still be charging less than 1% for team management. If the fund is successful and eventually does several 100 million USD a year in sales, at that point the team may start to see more substantial compensation as the small percentages add up. This incentivizes the DAO team without awarding them an unfair share of token purchasers contributions.

The importance of binding voting rights in a DAO. The voting mechanisms help enforce one of the most important aspects of a DAO. If the board of directors or team members fail to deliver for the community, the community has the right to replace them. This is one of the main differentiators between blockchain tokens issued by a true DAO organization and signing up for the majority of existing blockchain projects which are owned and controlled by a company.

Let’s all help and make decentralization more than a buzzword.

ETF Token

 I am a light investor in cryptocurrency. I believe that people like myself and also the other 99% of the country that do not own any cryptocurrencys yet need to be able to invest without having to be day-traders watching a Binance screen 24 hours a day. I also believe that when I read a whitepaper to decide if I should invest in something, it does not seem fair that 50% of the tokens or 50% of the ICO proceeds are retained for the founding team.

 I have decided to release a Token that is 100% backed by an Actively-Managed Index Fund of various Cryptocurrency Assets. The deliverable is simple to execute. It is a smart contract that only processes an ETF token purchases if a simultaneous contract is executed to deliver the ETF token's value into the backing fund. This way almost every dollar (or more likely ether) goes directly into the fund. Only a small fee less than 1% going to the team who manages the Fund. The team members will each have specific tasks and will have to do a good job because to stay on with this organization (even me) you have to be reelected every year by the community of Token holders.

 This fund will be more honest and stable than Tether, with a verifiable Blockchain Smart Contract for instantaneous Asset Backing and also fund Auditing.  This will also deliver the value of an actively managed Cryptocurrency Index Fund, to allow Token Holders to be involved with only the most profitable/stable tokens, even when they are not actively watching the Market.  Draft Whitepaper with concept and introductory information available on our website.  Updated daily as revisions are made.  Coming Spring 2018.

https://www.etftoken.org/

Looking forward to your feed back. (I can handle constructive criticism just don't be a jerk, ha!)
JT