TG DAO 3.0: How a Truly Decentralized Organization Works
02 Fevereiro 2022 - 2:48PM
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The first principles of forming a DAO organization were created by
Stan Larimer in his work, “Bitcoin and the Three Laws of Robotics”.
Following that, in 2015, The BitShares project was created in
accordance with those principles. Back in 2016, Ethereum founder
Vitalik Buterin also professed the importance of DAO. Nevertheless,
until today, no single DAO is fully decentralized and independent,
because most tokens are in the hands of their founders, which means
they’re the ones making key decisions. “The TG Ecosystem project
has attempted to build a true DAO. We’ve already launched the TG
DAO 3.0 Launchpad and this year, we’re launching a social network,
marketplace, secure cryptocurrency wallet, an in-house financial
system, and more,” said TG Ecosystem CEO Eugene Melnyk. How does
this organization differ from others of its kind? Does the
infrastructure of the TG DAO 3.0 Launchpad really support complete
decentralization? Read on to find out. A gradual transition from
centralization to decentralization. “In 2021, a team was formed
that went on to successfully complete the first phase of project
development. 1.8 million BUSD were raised and over 150,000
participants were gathered. Now, the TG DAO 3.0 Launchpad is
continuing onwards to its next stage of development: forming a team
that will finalize the project’s transition to DAO status,” the
company affirmed. The project’s development plan includes a phased
transition from centralization to decentralization, and this can be
seen in the tokenomics. It separately stipulates remuneration for
the launch team and the project development team. The TG Ecosystem
Initiative Group, led by CEO Eugene Melnyk, is announcing the
selection and creation of a transition team to lead the Launchpad
project to DAO management by the end of 2022. “We suggest that
community members themselves select and vote for candidates for
available positions on the team. These include the positions of
CEO, BDM, Chief Community Manager, Community Managers for
supporting multilingual groups, Copywriter, Researchers, and
Analysts. Applications will be accepted online at
https://tgdao.io/dashboard/vacancies. The requirements that
prospective candidates must meet and the salaries offered will also
be indicated. Members of the community will receive a financial
reward for recruiting top specialists to the TG DAO 3.0 Launchpad.
To do this, a member of the community will need to give their
referral link to a potential candidate, ask them to register for
the project using it and send them a link to this article. A
referral link can be generated after registering on site in the
Referral section, found by navigating to dashboard. Candidate
proposals will be evaluated by the community. If an applicant is
hired, the person who proposed that applicant will receive a month
of that person’s salary. For example, say a user submits a
candidate proposal for a CEO at a salary of $8,000. If that person
is then approved for the position by the majority of token holders,
the user proposing the candidate will receive $8,000 to his
account. Candidate applications will be open until February 15th.
Initial scoring will take place between February 16 and February
21. The candidates will then be discussed, and the voting process
will take place between February 22 to February 28. “The Launchpad
community expects the members of the future team to be able to
transition to a full DAO by the end of 2022,” TG DAO 3.0 stated.
What’s next? The next step will be introducing new DAO tools. For
example, token holders can vote for funding at different stages of
a particular startup’s development on the Launchpad. This applies
to all stages of funding, from seed to public rounds. Voting on the
allocation of funds to accelerate startups in stages as the project
develops will also be proposed. “This will make it possible to
protect the funds of the investors themselves. A startup will
receive the agreed-upon portion of the money upon reaching the
agreed-upon indicators. If the project doesn’t develop and doesn’t
fulfill its obligations, it won’t receive the next portion,” the
company explained. Voting will also be used to solve strategic
issues that arise throughout the course of the Launchpad’s
operation. This includes the possibility of opening an insurance
fund and launching an in-house crypto fund. The list could go on
for miles but it’s all up to us – the TG DAO token holders – to
propose and make suggestions.
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