DAO Axis platform — unlimited to cooperate [Idea]

DAO AXIS
Platform for the creation of Decentralized Autonomous Organizations

Dear all respected members of the forum,
we are — “DAO Axis" team, and we are currently working on development of the platform for creation of DAO for profit and non-profit projects.

In addition to the development of the platform itself, we are going to launch a fully operational, autonomous ecosystem of several DAO’s. We believe in the great potential of our project and want to share our vision with community. This project is created for people and has a great social significance, so we need your help. We hope to get a constructive feedback, get advices and recommendations, discuss about the DAO. Perhaps, someone will decide to join our team in a particular format. We are open to any ideas and suggestions.
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So, let us introduce our idea:

DAO AXIS
The Platform for founding of Decentralized Autonomous Organizations

Most of you already know the meaning of “DAO”, nethertheless, let’s specify it:
Decentralized Autonomous Organization (DAO) is a new form of organization.

The main difference from traditional companies — decentralization, that is, the absence of a sole proprietor and traditional hierarchy of management. Usually all members of the DAO are co-owners of the organization and have equal rights and influence.
DAO is blockchain based organization, therefore, it has no links with any jurisdictions. This is that ensures autonomy and independence from any external forces.

The main decisions of DAO are taken by the vote of the co-owners. All relationships within the community are accepted by the majority of participants and automated as much as possible. Transparency of relationships and the impossibility of their violation are ensured by blockchain technology and smart contracts.

Our goal

To make a platform which allows to create DAO for the purpose of cooperation for the implementation of any commercial and non-commercial projects. The DAO created on our platform will perform on the following fundamental principles:

1. Equal authority in the organization management for all participants;
2. Transparent, automated and mutual beneficial interaction of all participants;
3. A fair distribution of all benefits acquired by the organization's activities to its members, secured by smart contracts;
4. Implementation of “delegate democracy” approach in organization management.

Features of DAO

> DAOs allows participants to collaborate based on preset set of rules, hence excluding the possibility of manipulation and violations.
> DAOs, with its active participants, will be able to solve tasks of various levels and complexity, such as financial management, development of program code, etc.

Development of platform ecosystem

1. DAO-investment fund
Collection of funds by crowdsale and management of the collected funds by all participants. Embedded in the platform motivation systems and rating tools will encourage and facilitate the development of professionals and talented investors.

2. DAO-traders and portfolio managers

Participants of DAO with prefeccional experience in the crypto-currency markets will be able to join the existing DAO or create their own in order to raise funds for management. This will enable to earn profit and generate dividends for members of the fund.

3. DAO-developers

Skilled participants of DAO with experience in programming, blockchain, IT, which will ensure the safety and further platform development.

4. DAO-organizations

Based on user experience and further platform evolvement, it becomes possible to create DAO in real sectors of the economy. This will ensure dividends, jobs and allows members of the community to realize their own potential in any field.

Tokens

Tokens entitle platform members to participate in the automatic distribution of dividends from investments and commercial activities of the DAO Fund and provide right to vote.

The number of tokens does not affect the accumulation of the rating and doesn’t provide and additional benefits.

DAO benefit

The main value in DAO — is the benefit. The benefit of the participant that he brings to the community is always encouraged. This gives unlimited potential for personal growth, self-realization and income growth for all community members without exception.

Examples of the benefits which a participant can bring to the community:
1. Participation in voting.
2. Making the right decisions while voting.
3. Personal participation in projects, etc.

The main criteria for assessing the benefits in the early stages — is economic efficiency.

Rating

Rating — is the main measure of the benefits that the participant brings to the community. Any useful action in the DAO adds a rating, harmful — takes away. Long-term inactivity is also penalized.

At the first stage, the rating will be general. At the second stage, it will be divided into areas (for example: IT, finance, management, technology, science, etc.). In the later stages, there will be a division of each of the areas into more narrow niches.

As the rating is accumulated and certain levels are reached, new opportunities will become available for the platform participants:

1. Possibility of making offers and projects for voting.
2. Opportunity to act as an auditor of projects.
3. Opportunity to act as arbitrator in resolving conflicts.

Vote

Voting is the main tool for making important decisions such as:
1. Investments of DAO funds in projects.
2. Direction of platform development.
3. Other offers.

The vote takes into account not the number of votes of the participants, but the value of rating. In the process of voting, there will be counted the total rating of those who voted "for" or "against" but not the number of votes "for" or "against". This approach allows a qualified minority to take a decision as opposed to a less qualified majority.

Delegating a rating

The platform will implement the ability to delegate the rating from one participant to another. This will allow to less qualified or less active participants to avoid fines for making wrong decisions or inactivity, and to provide additional opportunities for more qualified and active participants.

In the same time, the participant may at any time revoke the delegated rating.

This system is based on the principles of liquid democracy and can greatly transform society — from the power of oligarchic elites to intellectual elites.

Summary

A new phenomenon has emerged in the world — decentralized organizations, that has a lot of advantages over traditional organizations.

⚫️ DAO are registered on the blockchain, hence, out of jurisdictions, which means that DAO can not be closed or arrested.

⚫️ The DAO does not require corporate jurisprudence, since all the relationships between the participants, including the distribution of income, are settled by smart contracts, which excludes the possibility of manipulation.

⚫️ In the DAO there is no traditional management hierarchy, all members can participate in the management of the organization. This allows you to remove the risks of making wrong decisions. Also, shift of the power of the vertical hierarchy in favor of a horizontal structure and the accumulation of a rating will allow all members of the organization to realize their own potential without any restrictions.
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Current status of the project

✔️ At the moment, the project has a team of specialists from various professional areas. Later, we will definitely introduce our team members to the community.

✔️ Now we are working on white paper, project architecture, road-map, technical specification update, we also work with the team of the initial ecosystem.

ICO

✔️ Near the end of the spring of 2018, we plan to present the MVP and conduct a pre-ICO.
✔️ Near the end of 2018, we plan to implement the beta-version of the platform and start the ICO-campaign.

We suppose, that it is not acceptable to start ICO-campaign before the introduction of the beta-version of the product.

✔️ All funds collected in ICO (with the exception of team bonuses) will be transferred to the DAO Fund with no access by platform founders. It means, that the management of the DAO Fund will be in the hands of the community. We, as developers, will set up separate DAO, which will continue to develop the platform. We believe that there will be several more development teams, and if community would be dissatisfied with our work, it can refuse our services and transfer the development of platform to other hands.

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In addition, please join in our discussion on Telegram: https://t.me/DaoAxis_EN
Russian-language thread: https://bitcointalk.org/index.php?topic=2640156.0