Our Approach - How Our DAO Operates
We believe in transparency and leveraging blockchain technology to deliver a decentralized platform. Our primary focus is on creating a DAO application that revolutionizes organizational structures.
We invite developers interested in contributing to our projects to submit their resumes. This is the first step in our decentralized process, where potential contributors showcase their skills and experience.
The governance board then reviews these resumes. This is not a traditional review process; instead, it’s a collective decision-making process where each seat has a say. The process is transparent, ensuring that the best candidates are chosen based on merit.
Included in this phase
- Resume submission
- Peer review
- Collective decision-making
Any participant can create a proposal using the GitHub XLS discussion forum. Instead of traditional voting methods, proposals are supported through financial donations. Once the funding goal for a proposal is reached, a developer is assigned to bring the proposal to fruition.
This process ensures that the proposals with the most financial backing are prioritized. It is a transparent method that encourages collective decision-making, fostering a sense of ownership and commitment among all participants.
The developer is initially compensated with 50% of their 70% payout as soon as they begin their work. When their work is ready for review, the governance board steps in and assigns reviewers to the code. The reviewers are then compensated with 30% of the payout, which is divided equally among them.
Once the code is successfully merged into the codebase, the developer receives the remaining 50% of their payout. This entire process is efficiently managed and facilitated by the governance board and hooks, ensuring that all parties involved are fairly compensated for their contributions.
Included in this phase
- Evaluation. Reviewers thoroughly review the work done by developers to ensure quality.
- Payout Voting. Governance board votes on the payouts, ensuring fair compensation for all contributors.
- Support. We believe in the power of community and provide continuous support to all our participants, fostering a collaborative and inclusive environment.
Our principles - Balancing Decentralization and Innovation
We strive to stay at the forefront of blockchain technology and DAO trends, while ensuring the reliability and security of our platform. We stand by our core principles that guide our decision-making process.