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Author Topic: [ANN]🔥🔥FireDAO=Social DAO+DID+Web3 Identity+SBTs+SuperEconomy🔥🔥  (Read 588 times)
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March 04, 2023, 04:04:59 PM
Last edit: March 14, 2023, 02:22:05 AM by FireDAO
 #21

2.2 FireDAO's Philosophy: Vision, Mission, Values
We are enthusiasts and believers in the crypto world,followers of Satoshi Nakamoto and we believe that  human society will gradually enter an advanced civilization built on the cornerstone of mathematics and algorithms thanks to the flourishing development of Web3, which is the Bit Civilization.

In our opinion, Bitcoin is the tinder that ignites Bit Civilization, the Web3 world we are building in full swing now is the soul of Bit Civilization, and DAO belongs to the soul of Web3. If we want the fire of civilization to continue to burn and burn continuously, the supply of civilization fuel is inevitable. FireDAO , which we launched and created today , is the fuel for the fire of civilization. We hope that through the creation and continuation of FireDAO, we will conduct a social experiment to explore the Web3's Soul. Through the transmission and ignition of the FireSeed, we hope to provide a steady stream of fuel for the burning of the Decentralized Civilization raging fire, inherit wisdom and prosper civilization.
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March 04, 2023, 04:12:45 PM
Last edit: March 14, 2023, 02:22:17 AM by FireDAO
 #22

2.2
We will unite global Web3 crypto communities to collect FireSeeds, pass FireSeeds, distribute Flames, cast FireSouls and create FIDs. We hope that through this social experiment of exploring Web3 Soul, we will eventually establish a global DAO coordination system, a DAO value distribution system and a DAO community governance system regardless of nations, regions, religions, races, complexions and languages and ultimately create an on-chain super economy that practices  the true spirit of encryption.

In the process of building FireDAO, we will fully adhere to the core ideas and values of the crypto world such as openness, fairness, justice, co-creation, co-governance, co-ownership, freedom, transparency and decentralization. We hope that under the guidance of these thoughts and spirit, we will establish a pure DAO that leads to the evolution and development of the entire encrypted world DAOs and ultimately build an evolutionary development model for the expansion of the global DAOs.
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March 05, 2023, 06:49:50 AM
Last edit: March 14, 2023, 02:22:30 AM by FireDAO
 #23

2.3 Tokenomics Introduction
FireDAO implements the "3+2+7+X" token economic model. In the early stage, there are more than 10 different types of tokens to maintain the operation and expansion of the entire on-chain economy while in the next stage, we will issue numerous community activity medals for different ecology. FireDAO can eventually become an on-chain super economy that operates automatically, continuously circulates, and practices the true encryption spirit, and will also become the original on-chain DID identity protocol of the entire Web3 world.
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March 05, 2023, 06:53:53 AM
Last edit: March 14, 2023, 02:22:47 AM by FireDAO
 #24

2.3
3 refers to three types of ecological tokens: FireDAO Ecological Governance Token FDT,FireDAO Ecological Incentive Token FLM and FireDAO Ecological Identity Token FireSeed.

FDT is the governance token in the FireDAO ecosystem, the core token of the whole ecosystem. It is embedded with the core governance rights of the whole ecosystem and the right to distribute dividends. The whole ecosystem is built around FDT.

FLM is the incentive token in the FireDAO ecosystem to be issued to each participant in the ecosystem in the form of ecological incentives. In the FireDAO ecosystem, FLM can always be exchanged for the governance token FDT at the value of 0.01USD, and the exchanged FDTs will be released linearly at the speed of each block within a period of two years.

FireSeed is the identity token in the whole FireDAO ecosystem, which is used for the threshold of joining DAO and the positioning of recommendation rewards. To join FireDAO, you need to burn 1 FireSeed to generate a Soul-bound account FireSoul, and then you become a full member of FireDAO.

When a wallet transfers 1 Fireseed to another wallet that has never had any FireSeed before, this wallet can become the recommender of the receiving wallet. In this way the referrer relations are determined. FireSeed can be obtained in two ways: free airdrop from the FireDAO official team and community members claim it from the Holy Fire Altar. Community members need to donate 0.08ETH for each FireSeed minted.
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March 05, 2023, 07:01:25 AM
Last edit: March 14, 2023, 02:22:59 AM by FireDAO
 #25

2.3
2 refers to two ecological Web3 IDs: the PID generated for casting FirePassport and the FID generated for casting FireSoul. These two IDs represent the Web3 identities of FireDAO community members. Having a PID can become a preliminary member of FireDAO, and having a FID can become a full member of FireDAO.

7 refers to seven soul-bound tokens or SBTs: SBT-001, SBT-002, SBT-003, SBT-004, SBT-005 and SBT-006 and SBT-007, which respectively record the different community activities and data of each full DAO member. These seven SBTs are using ERC20 token standard and the issuance quantity will be automatically minted and burned by the smart contracts on chain according to the different community activities of each DAO full member.

X refers to X kinds of community activity medals, which are issued by FireDAO for different ecology. They will be minted in the form of NFT which is another form of SBT. For example, FireDAO can issue the FireDAO Uniswap Community Activity Medal for users who use Uniswap extensively. Any user who has traded on Uniswap more than 10 times can cast this medal for free. This community activity medal is also non-transferable and soul-bound. However, in the future, the FireDAO community will launch a soul airdrop for users with community activity medals to make the entire airdrop more accurate.
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March 05, 2023, 07:06:22 AM
Last edit: March 14, 2023, 02:23:10 AM by FireDAO
 #26

2.4 How to join FireDAO

Joining FireDAO require no permission and is automatically done by smart contracts.

First of all, anyone can register a FireDAO Passport through the FireDAO Protocol registration contract to get a PID. Users with a PID become Associate Members of FireDAO who enjoy the basic rights to participate in the ecology. When a user registers a PID, A FireDAO ecological forum account will be registered simultaneously, and they can participate in the discussion of the forum and establish a global social system. The account of the FireDAO ecological forum can only be generated by registering PID, not by other methods. At the same time, in order to avoid the flood of spam accounts, every PID registration  will charge a small amount of ETH as a registration fee to minimize different types of Sybil attacks.

We will spread fire in the global Web3 crypto  community. Any community member who owns FireSeed can burn fire, cast a FireSoul Fire Soul account, generate FID, and then become an official member of FireDAO: Full Member, which is entitled to all rights to participate in the ecology.

FireSoul Account is the soul account of each official DAO member, minted in the form of ERC721, non-transferable. It is mainly used to store different "soul-bound tokens SBT" received by each official DAO member. Each SBT records different types of community activities of this community member and is used to evaluate the different community contributions of this official DAO member.
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March 05, 2023, 07:08:29 AM
Last edit: March 14, 2023, 02:23:18 AM by FireDAO
 #27

2.5 FID and On-chain Reputation

Each soul account will be assigned a FID as the on-chain identity ID of the official member of the DAO, displaying the member's on-chain identity information and binding with the soul account. Different SBTs have different weight coefficients. By counting the number and weight coefficients of different SBTs in the soul account, each FID will get a comprehensive reputation score which is the "on-chain reputation" of this FID.
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March 05, 2023, 07:14:14 AM
Last edit: March 14, 2023, 02:23:31 AM by FireDAO
 #28

2.6 Community Activities

FireDAO is not only a Web3 DID identity system based on PID and FID, but also a community made up of leaders, creators, builders, believers and supporters who are deeply involved in cryptocurrencies. FireDAO is a social DAO and we believe that Web3 will change the world eventually. Therefore, strengthening the communication and interaction among community members is also our fundamental mission to launch FireDAO. We want to focus on PID and FID and then build a well-planned community of like-minded people. We hope to connect the on-chain identity and off-chain life of each community member by holding various types of activities, so that each community member can meet new people they won't meet anywhere else and foster interaction and friendship with one another.

In order to strengthen the communication and interaction between global community members and link the on-chain identity and off-chain life of each DAO member, we will carry out different types of activities online and offline: online, we will create Community Ecology Forum to facilitate in-depth communication between community members in different regions of the world; offline, we will focus on Citynodes carrying out various types of face-to-face activities to create different types of offline communication opportunities for global DAO members as many as possible, which is our intention of creating social DAO.
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March 05, 2023, 07:27:09 AM
Last edit: March 14, 2023, 02:23:55 AM by FireDAO
 #29

2.7 Ecosystem  Extension
FireDAO is a social DAO based on PID and FID soul-bound accounts, and a community-driven on-chain autonomous economy. FireDAO takes the soul account as the center, combines different types of SBTs, calculates on-chain reputation scores, and finally builds a set of native DID identity protocols on the Web3 blockchain.

In the first step of FireDAO's ecological expansion, our core work is to create a DID identity system on the Web3 blockchain as complete as possible. We hope to reach 100,000 PIDs and 10,000 FIDs as soon as possible, which will make us one of the most influential DAO communities in the world.

As the number of our PID and FID continues to increase, our Web3 identity protocol will become the underlying infrastructure of the entire Web3 world. Regardless of whether it is inside or outside the FireDAO ecosystem, any crypto project can integrate our Web3 identity protocol, and integrate the members of the FireDAO community ecology with these Web3 products as quickly as possible to create a more transparent and more open Web3 ecosystem. This is also the scenario mentioned in the paper by Vitalik Buterin and other authors.
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March 05, 2023, 07:45:22 AM
Last edit: March 14, 2023, 02:24:15 AM by FireDAO
 #30

2.7
As the PID and FID identity systems of FireDAO develop to a certain stage, we will use the Web3 identity protocol as the base point to gradually expand to the following ecology, including but not limited to:

Decentralized domain name system based on PID and FID;
Unsecured or partially collateralized loan market based on on-chain reputation;
Activity medal system based on SBTs;
Social recovery system based on SBTs;
NFT soul issuance market based on SBTs;
DAO referendum system based on On-chain Reputation;
Soul airdrop for SBTs;
Diversified assets with SBTs as the main form, manuscripts, real estate, certificates, works of art, etc.

These will be the fields that FireDAO will continue to expand in the future. Together, we will realize the vision of DeSoc and BitCiv - a co-determined world. In this world, the souls can gather with the community from bottom to top, as each other's emerging attributes, and finally build a divers on-chain society together, which is also the Bit civilization we wanted to build.
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March 05, 2023, 08:03:49 AM
Last edit: March 25, 2023, 09:07:05 AM by FireDAO
 #31

Chapter 3: FireDAO Tokenomics

3.1 Three Ecosystem Tokens
FireDAO implements the "3+2+7+X" token economic model. In the early stage, there are more than 10 different types of tokens to maintain the operation and expansion of the entire on-chain economy.FireDAO can eventually become an on-chain super economy that operates automatically, continuously circulates, and practices the true encryption spirit, and will also become the original on-chain DID identity protocol of the entire Web3 world. "3" refers to three types of ecological tokens: FireDAO Ecological Governance Token, FDT, FireDAO Ecological Incentive Token, FLM and FireDAO Ecological Identity Token, FireSeed.

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March 05, 2023, 08:09:33 AM
Last edit: March 14, 2023, 02:24:49 AM by FireDAO
 #32

3.2 Soul-bound Account and FID Reputation System

FireSoul, token type: ERC721 extension, non-transferable, soul bound.
FireSoul is the soul account of FireDAO, which is minted from the identity token FireSeed. When a user casts a soul account, he can become an official member of FireDAO. Each soul account will be assigned a FID, which can generate the "on-chain reputation" of the soul account.

Each wallet can only mint one soul account to generate one FID, and this account is not transferable. This soul account records the information of different soul-bound tokens SBT owned by this wallet. Different SBTs have different weight coefficients. The comprehensive weight of a soul account is calculated by multiplying the number of SBT positions by the weight coefficient, and this comprehensive weight becomes the FID "on-chain reputation" score of the soul account. Calculate the voting rights of FireDAO based on the FID on-chain reputation score, and calculate the voting weight of each DAO member.

The FireSoul soul account can be upgraded through community governance in the form of a referendum, increase or decrease the types of soul-bound tokens SBT, adjust the weight coefficients of different soul-bound tokens SBT, and recalculate the on-chain reputation score of FID.

The soul account can be burned and destroyed, and the relationship with DAO will be cut off. When the account is burned, the SBT in the account will be burned as well. After the soul account is destroyed, a FireSeed needs to be re-burned to regenerate a soul account.
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March 05, 2023, 08:11:54 AM
Last edit: March 25, 2023, 09:10:04 AM by FireDAO
 #33

3.3 FireDAO's SBT introduction

The FireDAO ecology is mainly divided into two types of soul-bound tokens: one is for seven soul-bound tokens SBTs with ERC20 as the main body, and the other is X kinds of community activity medals SBBs with NFT as the whole, which are cast in different forms. Together they form the soul of FireDAO's community members.

Seven soul-bound tokens SBTs: SBT-001, SBT-002, SBT-003, SBT-004, SBT-005, SBT-006, SBT-007, which respectively record the different community activity and statistics.

These seven SBTs all have applied the ERC20 token standard, and the issuance quantity is automatically minted and destroyed by the smart contract on the blockchain according to the different community activities of each official DAO member.

The FireDAO ecology is mainly based on these seven kinds of SBTs in the early stage. With the continuous development of the ecology, we will successively issue X kinds of community activity medals SBB with NFT as its main body, so that the entire crypto ecology can participate in the construction of FireDAO.


3.4 FDT Initial Issuance Plan



3.5 FLM Initial Issuance Plan

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March 05, 2023, 08:19:08 AM
Last edit: March 25, 2023, 09:10:39 AM by FireDAO
 #34

3.6 FireDAO Ecosystem Revenue Sources and Distribution Ratio


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March 06, 2023, 01:22:58 PM
Last edit: March 25, 2023, 09:11:23 AM by FireDAO
 #35

3.7 FireDAO Ministry of Finance Revenue Distribution Ratio

Rainbow City Foundation is the initiator of FireDAO. Before the FDT is fully issued, the ecological income is managed by the Rainbow City Foundation and is not for ecological distribution. When the FDT is fully issued, the income of the FireDAO project handed over to the Treasury of the Rainbow City Foundation will be distributed according to the following principles.


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March 06, 2023, 01:26:30 PM
Last edit: March 25, 2023, 09:12:16 AM by FireDAO
 #36

Chapter Four: FireDAO’s Operations and Architecture

4.1 FireSeed Invitation & Referral System

    In order to better promote the establishment of the Web3 on-chain DID identity system, FireDAO particularly implements a referral reward system, and the referral relationships between different community members are confirmed by the transmission of FireSeed. When a wallet transfers 1 FireSeed to another wallet that has never had any FireSeed before, this wallet can become the referrer of the receiving wallet.In this way the referral relations are determined in the FireDAO ecosystem.

    There are only three levels of referral rewards. Upwards are the first-level, second-level and third-level referrers; downwards are also three levels referrers. When an ecological activity generates income, the income will be rewarded to three-level referrers according to the proportion agreed in advance, and referrers on each level obtain different distribution weights.

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March 06, 2023, 01:28:09 PM
 #37

4.2 FireDAO Guild System

    In terms of the overall function, FireDAO will be built by guilds.

    In order to better promote the construction and expansion of FireDAO, we will build guilds with different functions from the overall structure level. Each guild assumes different responsibilities, being responsible for the overall operation and construction of DAO. Guilds are defined by the standard in FireDAO as talent pools, which are dedicated to bringing together people with specific talents. In nature, it is similar to different functional departments in a company.

    Unlike Citynodes which do not require permission to join, community members need to apply to join different guilds. The preliminary review is the responsibility of the Team. As the guild develops to a certain stage, each guild will set up a special management committee that will be responsible for the guild management. Meanwhile, different guilds can apply to the DAO treasury for activity budgets, and members who contribute to the guild will also receive fixed or variable salary or incentives to maximize the enthusiasm and initiative of outstanding community members.

    FireDAO will establish twelve guilds in the early stage of development, which will be adjusted according to the actual operation in the future. The twelve guilds are Finance Guild, Operations Guild, Investment Guild, Research Guild, Marketing Guild, Education Guild, Law Guild, Research & Development Guild, Design & Video Guild , Translation Guild, Data Analysis Guild, and Charity and Public Welfare Guild. These twelve guilds have different functions, and any community member with FID can apply to the relative guild to join. Every member who joins the guild will become a core contributor to FireDAO.
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March 06, 2023, 01:30:26 PM
 #38

4.3 FireDAO Citynode System

    On regional levels, FireDAO will be built by various Citynodes.

    In order to better link the on-chain identity and the off-chain life of community members, FireDAO has launched a Citynode system in particular. FireDAO Citynodes carry out various online and offline activities centered on cities. Anyone in the community who has more than 100,000 FID reputation scores can establish a Citynode, and each Soul Account can create one Citynode at most.

    Those who meet the FID reputation scores requirement can first create a temporary Citynode. Anyone with a Soul Account FID can join this Citynode. Only when the node's total reputation scores reach 1 million can this Citynode be activated and finally officially created. Each Soul Account can join up to one Citynode. Anyone can choose to exit the Citynode afterwards and the Citynode creator can choose to kick a member out of the node.

    The creator of the Citynode automatically becomes the Citynode administrator, and this administrator’s authority can be transferred. 10% of the income generated by the Citynode is owned by the administrator and the remaining 90% can be used by all node members through negotiation.

    The FireDAO Ministry of Finance has a fixed income allocated to the Citynodes that have won the Citynode competition, which are the weekly, monthly and annual ranking reward respectively, rewarding the top 49 ranks.
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March 06, 2023, 01:45:46 PM
 #39

4.4 FireDAO Global Community Management System

    In order to better create the FireDAO global community system and build the FireDAO global community ecology, we have built a FireDAO global community management system based on languages. Anyone can apply to create a global ecological community for FireDAO, and submit a proposal to the temporary management team of the FireDAO global community in the name of the ecological community, and apply for the community funds.

    The FireDAO global community interim management group is appointed by the chairman of the RainbowCity Foundation, who serves as the interim team leader and has a veto power over the temporary group proposals. When the ecological development of FireDAO is gradually going on track, the authority of each administrator of the FireDAO protocol is successively transferred to the community governance DAO, which manages and governs, and makes decisions in the form of community referendums. FireDAO will ultimately realize fully decentralized governance.

    The FireDAO global community system is initially divided into 16 languages, namely English, Chinese, Malay, Arabic, Russian, Japanese, Korean, German, Portuguese, French, Spanish, Indian languages, Indonesian, Italian, Filipino language and Turkish. We will set up exclusive discussion boards in the FireDAO forum for these 16 languages. If a community member's native language is not among these, he or she can also apply for an independent community in his own native language, as long as the overall assessment requirements can be met.

    The FireDAO global community system is mainly composed of three types of media, namely WeChat group, QQ group and Telegram group. Anyone can build these three types of communities to serve the FireDAO global community and become the administrator of these communities. The ownership of the corresponding community belongs to the creator, but it is specially used to serve the FireDAO global community, and the FireDAO official team assigns the corresponding community number for global unified management.

    The FireDAO global community management system is divided into two levels of management. The first level is dedicated to the community management personnel, who are mainly responsible for the daily management and maintenance of the corresponding community. Different numbers are allocated according to the level of the community, entitled to the corresponding level of contribution salary. The second level is the community management committee of the corresponding language, which is divided into two management levels, namely the interim management committee of the corresponding language community and the global official management committee of the corresponding language community.

    For more specific policies on the FireDAO global community system, please refer to the follow-up special management documents.
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March 06, 2023, 01:46:58 PM
 #40

4.5 FireDAO Ecology Forum

    The mission of FireDAO is to provide fuel for the evolution of Bit Civilization, ignite the fire of civilization, pass on wisdom, and help ignite civilization. Therefore, promoting the evolution of Bit Civilization on a global scale will be our core work.

    In order to promote in-depth communication in the Bitcoin community, Satoshi Nakamoto created the Bitcointalk forum. The Bitcointalk forum has thus become a holy place for exchanges in the Bitcoin community, and this has also become the biggest legacy by Satoshi Nakamoto to the Bitcoin community. In order to follow the footsteps of Satoshi Nakamoto, we created the FireDAO ecology forum as the most important base to promote the evolution of Bit Civilization.

    Although the forum was born in the Web1.0 era, it is different from the fragmented information produced by Web2.0. The forum can generate and accumulate in-depth knowledge and content. Therefore, FireDAO chooses the forum as the most prominent base for global community members for in-depth communication. We also use the Bitcointalk forum's management system, which is a tribute to Satoshi Nakamoto.

    Like the Bitcointalk forum, we will set Merit points and Activity points in the FireDAO forum as the criteria for evaluating community members. At the same time, we will also set up the FLM and FireSeed forum point system. Community members can obtain FLM and FireSeed rewards through the forum, and can exchange them with FLMs and FireSeeds on the chain. In this way, the contribution system of the entire community can be more complete and perfect.

    The FireDAO forum member is not free to register, it can only be registered automatically by casting a PID. For more specific policies on the FireDAO global ecological forum, please refer to the actual operating documents of the forum.
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