#DAO Development services

[nick-williams]

Tips and Tricks for Successful DAO Development Services Integration: Building the Future, Together

Introduction

The landscape of Decentralized Autonomous Organizations (DAOs) offers a glimpse into a future powered by community governance and collective action. DAO development services are crucial players in this space, providing the technological infrastructure and expertise to bring these innovative organizations to life. But integrating these services seamlessly into your DAO project requires careful planning and strategic execution. Here, we'll delve into the key tips and tricks to ensure a successful integration and empower your DAO to thrive.

Clearly Defined Vision: The Roadmap to Success

Before embarking on the integration journey, it's vital to have a crystal-clear vision for your DAO. Here are some key questions to consider:

Purpose and Mission: What problem are you trying to solve with a DAO? What is your organization's core purpose and mission statement?

Target Audience: Who are you aiming to attract to your DAO? Defining your target demographic will inform your governance structure and token design.

Governance Model: How will decision-making take place within your DAO? Will you utilize a token-weighted voting system or a more complex hybrid model?

Tokenomics: What role will tokens play in your DAO's ecosystem? Will they serve as voting rights, represent ownership, or act as a utility token within the platform?

By establishing a well-defined roadmap with clear goals and a comprehensive vision, you'll be well-equipped to select the most suitable DAO development services and ensure smooth integration.

Choosing the Right Partner: Expertise Meets Collaboration

Selecting the ideal DAO development service provider plays a pivotal role in your success. Here are some essential aspects to evaluate:

Technical Expertise: Assess their experience with blockchain development services and their proficiency in building secure and scalable smart contracts tailored to your DAO's specific needs.

Development Process: Understand their development methodology (e.g., Agile) and communication style. Look for companies that promote open collaboration and prioritize your feedback throughout the process.

Deployment and Maintenance: Inquire about their post-deployment support services. Maintaining the DAO's infrastructure and smart contracts requires ongoing attention.

Industry Experience: Do they have a proven track record of working with DAOs in your industry or with similar governance models? This can be particularly valuable in terms of understanding regulatory considerations.

Security Audits: Security is paramount. Choose a company that offers security audits to identify and address potential vulnerabilities in your DAO's smart contracts.

Key Services to Consider

DAO development services offer a range of solutions to streamline your organization's formation and operation. Here are some core services to consider:

Smart Contract Development: Smart contracts are the foundation of any DAO. They automate governance processes, manage treasury funds, and enforce the DAO's rules.

dApp (Decentralized Application) Development: A user-friendly dApp serves as the interface for your DAO members to interact with the organization, propose changes, and participate in voting.

Tokenomics Design: Expert help in crafting a robust token economic model is crucial. This ensures fair incentive structures, distribution of voting rights, and minimizes potential risks like token inflation.

Community Management: Building and nurturing a thriving community is essential for success. Look for services that can assist with community outreach, engagement strategies, and online forum management.

Integration Services: Your DAO might need to connect with external DeFi protocols or other blockchain applications. Integration services can seamlessly connect these external elements to your DAO's infrastructure.

By strategically integrating these services, you can empower your DAO with the necessary tools to operate efficiently and transparently.

Beyond Technology: Building a Culture of Collaboration

While technology is a cornerstone, fostering a collaborative culture is equally important:

Open Communication: Transparency and open communication are vital elements in building trust within your DAO community. Encourage active participation and regular updates.

Educational Resources: Equip your community members with the knowledge they need to effectively navigate the DAO landscape. Provide educational resources, FAQs, and tutorials to empower informed participation.

Dispute Resolution Mechanisms: Establish clear and fair dispute resolution mechanisms to address any conflicts within the DAO community.

The Future is Decentralized: A Journey, Not a Destination

The integration of DAO development services is an ongoing journey, not a one-time event. Here are some additional tips to ensure long-term success:

Adaptability: The DAO landscape is constantly evolving. Embrace a growth mindset and encourage regular reviews of your DAO's structure and governance model to adapt to changing needs.

Security Audits: Conduct regular security audits to identify and address any potential vulnerabilities in your smart contracts.

Community Engagement: Continuously engage with your community, gather feedback, and refine your DAO based on their input.

[markcollinsim]

DAO Development Services | DAO Consulting | iMeta 

iMeta Technologies is a top-class reliable DAO Development Company that provides some attractive services such as DAO Voting Platform,DAO Management Software,DAO App Development,DAO Infrastructure,DAO Smart Contract Development,Utility and Governance Token Development and more.Our experts used latest technologies for our clients at a low cost.We have multiple branches across india.If you are interested about this DAO Development Services just contact our experts about this.

[kavinsps]

A decentralized autonomous organization, or DAO, is - as the name suggests - an organization that is governed by a transparent code and, for the most part, free from centralized influence. As a blockchain-based organization, governance rules are coded like a computer program and available to everyone, while financial transactions are recorded on a blockchain . Since DAOs are open source, their code can be viewed, verified, and audited by anyone.

In many ways, Bitcoin is considered the first true DAO because it has a transparent, programmed set of rules that are executed in a decentralized fashion and has a distributed consensus protocol. It wasn't until after the creation of smart contracts on the Ethereum protocol , however, that DAOs began to gain traction in the broader blockchain and cryptocurrency space.

How do DAOs work?

DAO development For a DAO to work, a set of operating rules must be established and encoded as a smart contract on a blockchain, such as Ethereum. This smart contract will exist autonomously on the Internet. However, the involvement of humans is still necessary to develop and maintain a DAO.

Following the establishment of the rules of a decentralized autonomous organization, a DAO typically enters a funding phase, a critical step, as a DAO requires some form of spendable and rewardable capital. Additionally, a DAO needs investors so that entities can vote on governance proposals.

Typically, a DAO is deployed after it has completed its funding period. Once deployed, the organization becomes - to match its name - decentralized and autonomous, as the rules are permanently recorded on a blockchain. In this phase, a DAO takes advantage of all the advantages of blockchain technology – namely its transparency and immutability.

After implementation, decisions related to the DAO are reached by consensus. DAO stakeholders can propose governance changes, new rules, reward adjustments, or other ideas, typically by making a deposit. Stakeholders can then vote on these proposals, with participation requirements and approval rates varying from DAO to DAO services.

Once operational and deployed, DAOs enable the borderless and decentralized exchange of funds between individuals or entities through investment, donation, funding, lending, or various other means of conducting financial transactions.

The advantages of a DAO

The most obvious advantage of a DAO is the fact that it removes centralization from organizations. While the vast majority of organizations in the world are governed and controlled by centralized parties, DAOs truly put the governance of an organization in the hands of those 

who have a stake in it. Every investor, in theory and in practice, should have the opportunity to help govern a DAO.

Another advantage is that the rules are predefined, transparent, verifiable, and distributed. No one can argue that they did not understand the rules of a DAO before joining, since the rules are always publicly verifiable. Additionally, proposals and decisions are often carefully considered before being submitted, as they often require a certain amount of spending.

In addition, the rules and transactions of a DAO are always recorded on a chain of blocks, which guarantees full transparency and responsibility for each decision and financial movement. While centralized organizations may keep opaque records, a DAO's records are always available to everyone.

The disadvantages of a DAO

One of the problems with the decentralized nature and voting mechanisms of DAOs is that a post-release security flaw may not be fixed until a majority of stakeholders vote to approve a fix. This leaves the door open for hackers and criminals to drain a DAO of all its funds.

DAOs cannot develop on their own either. For a DAO to build on its core foundation, a contractor must be hired, which requires decentralized voting. Some might say that this has the potential to slow down the development of a DAO, although many would argue that the pros of a decentralized governance model outweigh the cons.

An additional concern shared by those who are not natural advocates of blockchain and cryptocurrency has to do with the belief that the masses are unlikely to make the best governance decisions about an organization, although this largely depends on beliefs. personal.

Lastly, one of the main concerns for DAOs is the lack of a clear regulatory framework. Most governments around the world do not have clearly defined legal positions regarding DAOs, which can hamper the rapid development of these organizations.

DAOs in the current crypto space

Decentralized autonomous organizations are prevalent in today's blockchain and cryptocurrency space, although the average retail user may not necessarily realize it.

[boopathi021]

Decentralized Autonomous Organizations are the future of organizational governance. Build your DAO today with our DAO Development Services. Gain access to industry-leading experts with a custom DAO development company.

Read More  :  https://www.blockchainx.tech/non-fungible-token-development

[toobananadinosaur]

DAO Development Services defines a DAO (Decentralized Autonomous Organizations) as an organization represented by rules and encoded as a transparent computer program. It is controlled by the members of the organization and cannot be influenced by a central government. Since the rules are built into the code, no managers are needed, removing any bureaucratic or hierarchical obstacles.

This approach reflects the thought process of the current generation and answers the question: “How can we exchange value in a trusted environment, with like-minded people from all over the world?”

Bitcoin is arguably the first fully functional DAO. This is because it has preprogrammed rules, operates autonomously, and coordinates through a distributed consensus protocol. . In the past year, we have seen an explosion of DAOs across the crypto ecosystem, including dozens of DAOs aimed at stopping.

Decentralized Autonomous Organization (DAO) vs. Classic Organization — Chart Example

DAO versus traditional organization

DAOs, by contrast, only require a set of rules to operate under, funding such as tokens that the organization can issue to reward (or remunerate) certain activities of its members, and also provide voting rights to set operating rules. .

Once a DAO is operational, all decisions about where and how funds are spent are made by consensus. This requires a secure structure that allows each investor to set up the organization.

Compared to traditional companies, DAOs have a democratized organization. DAOs do not have CEOs or executives. All members of a DAO follow the rules built into the code of smart contracts. DAO operations are fully transparent and global, while traditional business operations are not always global, only the organization knows what is going on. All members of a DAO must vote to make any changes.

What does this mean for traditional organizations?

To keep things running smoothly, traditional organizations often adopt a hierarchical structure. Until now, not even the current evolution towards agile business structures and projects has been able to change this. In this top-down pyramid structure, the roles of each member or employee are clearly defined, which is often an effective way of delegating responsibilities to a large workforce. At the same time, this model also allows the ideas of a small group of people to spread to the majority.

DAO Development Company A DAO is certainly a novel business model that allows a group to build an equal organization, share ideas or raise funds. This structure has the potential to disrupt business models and industries. However, the current DAO structures are not (yet) capable of fulfilling all the functions in each type of company or organization. Transforming a multinational corporation like Volkswagen or IBM to a DAO model will be difficult.

However, DAOs give us the opportunity to rethink certain corporate structures and get an idea of ​​where companies are headed in the coming decades.

Efficiency has already become the mantra of many companies. In the next three years, intelligent workflows and seamless human-machine interactions will likely be as standard as corporate balance sheets, with most employees using data to streamline nearly every aspect of their work. The transformation to a data-driven enterprise is currently one of the most important strategic tasks for many boards of directors.

This process will continue to evolve in the coming decades. Only demographic change and the scarcity of human resources in Western countries will continue to drive automation in organizations.

Which tasks, projects or even entire units can be fully automated accordingly?

What do you say for and against replacing more and more handlers with machine code?

Automatically pay employees or outside service personnel for certain activities?

What smart contracts would have to be established for this and what rule logic would they contain?

Which areas cannot be mapped by rule logic?

All these issues open new perspectives to rethink business structures.

In the future, we can expect various innovations and new developments of the DAO concept. I am curious to see which traditional companies will dare to experiment with it first. In any case, it is already worth thinking about today — and who knows, maybe it will also give rise to the decisive idea to innovate your own business model.

[mooglelabs]

A Step-by-Step Guide on Investing in Metaverse Solutions for High Returns

Several Metaverse projects have the organizational structure of a Decentralized Autonomous Organization (DAO). It means that token holders have a say in how the platform functions. Here, several crypto-based DAO projects have provisions to let token holders vote on governance proposals, and the ones that receive the majority of votes will get implemented.  Read more: https://bit.ly/3P2zsMV

[sexymemecoin]

The Rise of DeFi: Revolutionizing the Financial Landscape

Decentralized Finance (DeFi) has emerged as one of the most transformative sectors within the cryptocurrency industry. By leveraging blockchain technology, DeFi aims to recreate and improve upon traditional financial systems, offering a more inclusive, transparent, and efficient financial ecosystem. This article explores the fundamental aspects of DeFi, its key components, benefits, challenges, and notable projects, including a brief mention of Sexy Meme Coin.

What is DeFi?

DeFi stands for Decentralized Finance, a movement that utilizes blockchain technology to build an open and permissionless financial system. Unlike traditional financial systems that rely on centralized intermediaries like banks and brokerages, DeFi operates on decentralized networks, allowing users to interact directly with financial services. This decentralization is achieved through smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.

Key Components of DeFi

Decentralized Exchanges (DEXs): DEXs allow users to trade cryptocurrencies directly with one another without the need for a central authority. Platforms like Uniswap, SushiSwap, and PancakeSwap have gained popularity for their ability to provide liquidity and facilitate peer-to-peer trading.

Lending and Borrowing Platforms: DeFi lending platforms like Aave, Compound, and MakerDAO enable users to lend their assets to earn interest or borrow assets by providing collateral. These platforms use smart contracts to automate the lending process, ensuring transparency and efficiency.

Stablecoins: Stablecoins are cryptocurrencies pegged to stable assets like fiat currencies to reduce volatility. They are crucial for DeFi as they provide a stable medium of exchange and store of value. Popular stablecoins include Tether (USDT), USD Coin (USDC), and Dai (DAI).

Yield Farming and Liquidity Mining: Yield farming involves providing liquidity to DeFi protocols in exchange for rewards, often in the form of additional tokens. Liquidity mining is a similar concept where users earn rewards for providing liquidity to specific pools. These practices incentivize participation and enhance liquidity within the DeFi ecosystem.

Insurance Protocols: DeFi insurance protocols like Nexus Mutual and Cover Protocol offer coverage against risks such as smart contract failures and hacks. These platforms aim to provide users with security and peace of mind when engaging with DeFi services.

Benefits of DeFi

Financial Inclusion: DeFi opens up access to financial services for individuals who are unbanked or underbanked, particularly in regions with limited access to traditional banking infrastructure. Anyone with an internet connection can participate in DeFi, democratizing access to financial services.

Transparency and Trust: DeFi operates on public blockchains, providing transparency for all transactions. This transparency reduces the need for trust in intermediaries and allows users to verify and audit transactions independently.

Efficiency and Speed: DeFi eliminates the need for intermediaries, reducing costs and increasing the speed of transactions. Smart contracts automate processes that would typically require manual intervention, enhancing efficiency.

Innovation and Flexibility: The open-source nature of DeFi allows developers to innovate and build new financial products and services. This continuous innovation leads to the creation of diverse and flexible financial instruments.

Challenges Facing DeFi

Security Risks: DeFi platforms are susceptible to hacks, bugs, and vulnerabilities in smart contracts. High-profile incidents, such as the DAO hack and the recent exploits on various DeFi platforms, highlight the need for robust security measures.

Regulatory Uncertainty: The regulatory environment for DeFi is still evolving, with governments and regulators grappling with how to address the unique challenges posed by decentralized financial systems. This uncertainty can impact the growth and adoption of DeFi.

Scalability: DeFi platforms often face scalability issues, particularly on congested blockchain networks like Ethereum. High gas fees and slow transaction times can hinder the user experience and limit the scalability of DeFi applications.

Complexity and Usability: DeFi platforms can be complex and challenging for newcomers to navigate. Improving user interfaces and providing educational resources are crucial for broader adoption.

Notable DeFi Projects

Uniswap (UNI): Uniswap is a leading decentralized exchange that allows users to trade ERC-20 tokens directly from their wallets. Its automated market maker (AMM) model has revolutionized the way liquidity is provided and traded in the DeFi space.

Aave (AAVE): Aave is a decentralized lending and borrowing platform that offers unique features such as flash loans and rate switching. It has become one of the largest and most innovative DeFi protocols.

MakerDAO (MKR): MakerDAO is the protocol behind the Dai stablecoin, a decentralized stablecoin pegged to the US dollar. MakerDAO allows users to create Dai by collateralizing their assets, providing stability and liquidity to the DeFi ecosystem.

Compound (COMP): Compound is another leading DeFi lending platform that enables users to earn interest on their cryptocurrencies or borrow assets against collateral. Its governance token, COMP, allows users to participate in protocol governance.

Sexy Meme Coin (SXYM): While primarily known as a meme coin, Sexy Meme Coin has integrated DeFi features, including a decentralized marketplace for buying, selling, and trading memes as NFTs. This unique blend of humor and finance adds a distinct flavor to the DeFi landscape. Learn more about Sexy Meme Coin at Sexy Meme Coin.

The Future of DeFi

The future of DeFi looks promising, with continuous innovation and growing adoption. As blockchain technology advances and scalability solutions are implemented, DeFi has the potential to disrupt traditional financial systems further. Regulatory clarity and improved security measures will be crucial for the sustainable growth of the DeFi ecosystem.

DeFi is likely to continue attracting attention from both retail and institutional investors, driving further development and integration of decentralized financial services. The flexibility and inclusivity offered by DeFi make it a compelling alternative to traditional finance, paving the way for a more open and accessible financial future.

Conclusion

Decentralized Finance (DeFi) represents a significant shift in the financial landscape, leveraging blockchain technology to create a more inclusive, transparent, and efficient financial system. Despite the challenges, the benefits of DeFi and its continuous innovation make it a transformative force in the world of finance. Notable projects like Uniswap, Aave, and MakerDAO, along with unique contributions from meme coins like Sexy Meme Coin, demonstrate the diverse and dynamic nature of the DeFi ecosystem.

For those interested in exploring the playful and innovative side of DeFi, Sexy Meme Coin offers a unique and entertaining platform. Visit Sexy Meme Coin to learn more and join the community.

[mariacallous]

Can you imagine what a digital white ethnostate or a cyber caliphate might look like? Having spent most of my career on the inside of online extremist movements, I certainly can. The year 2024 might be the one in which neo-Nazis, jihadists, and conspiracy theorists turn their utopian visions of creating their own self-governed states into reality—not offline, but in the form of Decentralized Autonomous Organizations (DAOs).

DAOs are digital entities that are collaboratively governed without central leadership and operate based on blockchain. They allow internet users to establish their own organizational structures, which no longer require the involvement of a third party in financial transactions and rulemaking. The World Economic Forum described DAOs as “an experiment to reimagine how we connect, collaborate and create”. However, as with all new technologies, there is also a darker side to them: They are likely to give rise to new threats emerging from decentralized extremist mobilization.

Today, there are already over 10,000 DAOs, which collectively manage billions of dollars and count millions of participants. So far, DAOs have attracted a wild mix of libertarians, activists, pranksters, and hobbyists. Most DAOs I have come across in my research sound innocent and fun. Personally, my favorites include theCaféDAO, which aims “to replace Starbucks” (good luck with that!); the Doge DAO, which wants to “make the Doge meme the most recognizable piece of art in the world”; and the HairDAO, “a decentralized asset manager solving hair loss.” But some DAOs use a more radical tone. For example, the Redacted Club DAO, which is rife with alt-right codes and conspiracy myth references, claims to be a secret network with the aim of “slaying” the “evil Meta Lizard King.”

The year 2024 might be one in which extremists start using DAOs strategically. Policies, legal contracts, and financial transactions that were traditionally the domain of governments, courts, and banks can be replaced with smart contracts, non-fungible tokens (NFTs), and cryptocurrencies. The use of anonymous bitcoin wallets and non-transparent cryptocurrencies such as Monero is already widespread among extremists whose bank accounts have been frozen. A shift to entirely decentralized forms of self-governance is only one step away.

Beyond practical reasons that encourage extremists to create their own self-governed structures, there is an ideological incentive too: their fundamental distrust in the establishment. If you believe that the deep state or the “global Jewish elites” control everything from governments and Big Tech to the global banking system, DAOs offer an appealing alternative. Conversations on far-right fringe platforms such as BitChute and Odysee reveal that there is much appetite for decentralized alternative forms of collaboration, communication, and crowdfunding.

So what happens if anti-minority groups establish their own digital worlds in which they impose their own governing mechanisms? What are the stakes if trolling armies start cooperating via DAOs to launch election interference campaigns? The activities of extremist DAOs could challenge the rule of law, pose a threat to minority groups, and disrupt institutions that are currently considered fundamental pillars of democratic systems. Another risk is that DAOs can serve as safe havens for extremist movements by enabling users to circumvent government regulation and security services monitoring activities. They might also allow extremists to find new ways to fundraise, plan, and plot radicalization campaigns or even attacks. While many governments have focused on developing legal frameworks to regulate AI, few have even recognized the existence of DAOs. Their looming exploitation for extremist and criminal purposes is something that has flown under the radar of global policymakers.

Technology expert Carl Miller, who has long warned of potential misuse of DAOs, told me that “even though DAOs behave like companies, they are not registered as legal entities.” There are only a few exceptions: The US states of Wyoming, Vermont, and Tennessee have passed laws to legally recognize DAOs. With no regulations in place to hold DAOs accountable for extremist or criminal activities, the big question for 2024 will be: How can we ensure the metaverse doesn’t give rise to digital white ethnostates or cyber caliphates?

[felassan]

In this post on the Insider Gaming article and this post on the Reddit screenshot etc leaks (spoiler warning for DA:D at links), I mentioned comments made by possible playtesters/similar folks on Reset Era from October 2022. since I referenced them and many people don't use that site, I thought I'd belatedly collect them here for reference. under a cut in case of DA:D spoilers -

first, the usual set of disclaimers that should be kept in mind with all leaks: might not be real, unable to verify at present, sometimes leakers think they’re right about things but are unintentionally incorrect or got some wires crossed, games change a fair bit between development phases and final release, take with grain of salt etc.

User: "Important to remember that this doesn’t mean the game is anywhere close to release. Still plenty to do and plenty that will be changed between now and release." Possible playtester or person who has otherwise seen or heard about the game (hereafter notating these users as "PP" for brevity): "At the very least I like the gameplay direction they are taking is better than the previous games, and they have a clear direction of where they want this game to go. Although I have always preferred actions rpgs, and am looking forward to the inspiration they took for combat." - PP2: "Folks should be excited but also expect a smaller scale game, plenty of people on the team have 'complained' that it doesn't feel AAA in scope." [...] "I would say just dont go in expecting something other WRPG are producing in terms of game size...if that makes sense lol" - User: "Totally fine, it sounds like it's gonna be a better version of Dragon Age 2, with fleshed out city + surroundings" PP1: "This is not a good description of DAD." - User: "For the love of the Maker, bring back the Darkspawn." PP1: "They did." - User: "I haven't been paying attention. Are they bringing back tactics, or are they leaning more towards the awesome button?" PP2: "They're leaning toward God of War/ Mass Effect over the shoulder combat." - User: "is it open world or splitted in several areas?" PP1: "Only saw certain linear zones, but whether it is all DAO/2 style zones or mixed open and linear zones like DAI is up in the air. I would prefer the latter with less grinding required to progress like everyone else of course." - User: "That's a bit disapointing, but as long as they have a coherent direction, it's still better than the last 2 game's attempt at spliting the baby in twain" PP1: "GOW 2018 style melee, so not mash button for success but timing, combos, mixing up skills, and playing on your build/skill strengths." - User: "ok but I need Knight Enchanter mage or gish equivalent" PP1: "I think with each class you choose at the beginning you can end up with three subclasses." - User: "Was what you played still party-based?" PP1: "Party commands were disabled, so how much control you have is also an unknown." -

User: "Does one [class] include a magical archer, something beyond the Tempest specialization in scope?" PP1: "Well my base class was a warrior type so there was no access to ranger or mage types, but the warrior does have a magic subclass." - User: "Oh wild lol. I thought this kind of stuff is usually under lots of NDA or something similar" PP1: "It is, helps that no one has leaked screenshots or footage." - User: "I figure you can’t say exactly when it happened, but given your mention of party commands being disabled, it guess it happened after the report of last year about the game shifting to a full SP experience, correct? It seems the action-based gameplay that was lightly teased by some devs before remained even when the game shifted to SP, given your impressions." PP1: "Yes, any part I have seen of the game was after that. This part is speculation, if they have open zones like DAI they can still pull off a live service similar to the last three AC games and it would have no effect on people strictly coming to the game for the story. I would even go as far as saying this might be positively received if they only have cosmetic BPs and mtx." - User: "I think dlcs of various forms, from story to outfits/weapon will still happen; even before, when the game was mentioned to be a live service one, they used DAO as something that already fit that definition. The game won’t go beyond that scope in terms of ‘live service’ though, given how much they’re starting DreadWolf is a full SP experience. Interestingly, from the blog update and the lead developer afterwards, ME seems to follow the same path." PP1: "Yeah I think dlc in terms of story expansions are a lock. If they ever want to tread the live service waters again, there is a great template for them to follow." - User: "the neon colored logo has me thinking this might go a very different direction than typical fantasy" PP1: "Not really." - PP1: "The second one [DAII] was quite literally hold a button to attack since the game was easy. The new one is not at all like that." - User: "Or if Dreadwolf even has a party-based system?" PP1: "Yes"

[source <- DA:D spoiler warning for link]

Notes: Posts from October 2022. Some of the stuff said is corroborated by the Reddit leak (e.g. no control of party members at timepoint when game was played, the part of the game that was made available to test being a linear zone). in some places PPs are speculating. and ofc screenshots/a bit of footage has now leaked on Reddit the other day.

[thompson0320]

BitNest is a decentralized finance (DeFi) platform based on blockchain technology that aims to build a transparent, accessible and inclusive financial ecosystem.

Through decentralized applications (DApps), the platform enables users to circulate funds, borrow and invest without relying on traditional intermediaries. BitNest aims to democratize financial services through innovative blockchain technology, thereby making them more global and borderless.

Core features and functions Decentralization: BitNest is committed to removing the controls and restrictions of the centralized financial system and providing a decentralized network based on blockchain that allows all users to directly participate in financial activities. Financial Products and Services: The Platform provides a variety of financial services, including but not limited to: BitNest Loop: A decentralized lending platform that allows users to lend or borrow cryptocurrencies, increasing liquidity in the market. BitNest Savings: Users can deposit digital assets to earn interest, similar to savings accounts at traditional banks. BitNest Lending: Provides a mortgage lending service that allows users to obtain loans against crypto assets. Mellion Coin (MEC) : BitNest's native cryptocurrency is used to pay platform fees, participate in governance and reward systems. Mellion Coin is a medium that enables circulation and value transfer within the BitNest platform. BitNest DAO: A decentralized, autonomous organization that allows Mellion Coin holders to vote on the future direction and updates of the platform. This enhances the community's sense of participation and control over the development of the platform. Security and transparency: BitNest uses blockchain technology to guarantee the security and transparency of all transactions, ensuring the reliability of user operations and the immutability of data. User friendliness: Despite being based on complex blockchain technology, BitNest strives to provide a clean and concise user interface that makes its services easy to use regardless of technical proficiency. With these services and features, BitNest hopes to remove the barriers in traditional financial services and provide users worldwide with freer and fairer access to financial services.

[kavinsps]

What is a DAO and what function do they perform in the Blockchain?

DAO Platform Development for Decentralized Autonomous Organization. We have discussed what a DAO is in more detail in another article called “What is a DAO in Cryptography”, so we will not dwell on that topic for long, but only briefly describe the essence of the concept:

Here are the most important things to know about decentralized autonomous organizations:

The DAOs operate with blockchain technology, which guarantees the transparency of the system and of all transactions, including voting.

The decision is made by all the participants of the ecosystem voting on the proposals presented by the community. Unlike traditional organizations, the platform does not have a central leader. DAO Development Services The decision to change the functioning of the blockchain protocol is made only if the majority of the votes are “in favor” and is rejected if the participants vote “against”.

The work of the DAOs is automated through smart contracts that execute the instructions embedded in the algorithm. These instructions are predetermined and may change in the order of voting.

Not all DAOs are truly decentralized. Some platforms, especially early ones, use a voting rights-based model, where large token holders gain an advantage and can unite to influence decision making.

Why are DAOs needed and what happens when (if ever) they go away?

Before you understand the role of Decentralized Autonomous Organizations in Web3, you need to find out what DAO advocates are aiming for and why these systems were originally created. But first, let’s find out what Web3 is and why it is relevant.

In addition to the decentralization of the economy or tokenomics, the main strength of Web 3.0 is transparency, resistance to censorship and the removal of the central link that controls the system and enforces its rules alone (i.e. governments, large corporations and influential people).

How did DAOs come to be and what did they do?

DAO Development Company Although the platform based on the DAO concept and known as “The DAO” appeared only in 2016 thanks to the efforts of Ethereum developers, a similar approach was already implemented in the first Bitcoin blockchain network. Before agreeing to changes to how the protocol works, the majority of miners should support the decision.

However, this approach has a number of drawbacks. individual miners are practically left out. Therefore, groups can easily reject any changes to the Bitcoin protocol that are inconvenient or detrimental to them. Also, the Bitcoin network does not have Turing integrity, which means that there are no smart contracts that can independently execute transactions between two parties.

A DAO-like mechanism for controlling and allocating funds was also implemented before the DAO was released in 2016. This feature was incorporated into the Dash protocol, which was one of the first blockchains to use a hybrid consensus model: the platform supports Proof of Work (PoW) with mining and Proof of Stake (PoS).

Launched in 2016, DAO functioned as a venture capital fund, but due to a hack that same year, the platform went out of business. Later in 2017, the US Securities and Exchange Commission (SEC) admitted that DAO securities were illegal. Because the platform’s digital assets were recognized as securities, the DAO violated US securities laws.

A proposal is accepted only if the majority of the members vote in favor of it. Therefore, only the community decides how the DAO platform will be developed.

What does DAO mean for the Web3 industry?

The DAO model plays one of the key roles in decentralized finance (DeFi) and fits perfectly into the Web3 concept of a cryptocurrency-based digital economy. Web3 can be seen as a totally transparent and decentralized version of the Internet. Basically, DAO stands for cryptography that actually does what it was always supposed to do.

Today, many DApps, from decentralized exchanges to marketplaces to NFT metaverses, use a decentralized approach to manage DAOs. These include DEXs like Uniswap and SushiSwap.

Before the advent of DAOs, Web3 sites were decentralized in use but not in administration. This meant that developers could make changes to the way the protocol worked, including the rules hardcoded into smart contracts, at any time without the approval of the cryptocurrency enthusiast community. For example, developers can add the centralized liquidity pool management feature to the source code and have full control over the funds it contains. DAOs are changing this paradigm.

DAO Cons

The DAO industry is currently facing a series of problems that developers and the crypto community must solve. If these and other industry issues are not addressed, it could significantly affect the future of DAO.

Legal uncertainty

The legal status of DAOs has not yet been clarified, so regulators have not yet developed rules for the operation of decentralized platforms in the financial sector. So far, no company can legally interact with DAOs and use these platforms in business transactions, although this is not prohibited. Few jurisdictions have legalized DAOs.

[benlinna]

BitNest is a decentralized finance (DeFi) platform based on blockchain technology that aims to build a transparent, accessible and inclusive financial ecosystem.

Through decentralized applications (DApps), the platform enables users to circulate funds, borrow and invest without relying on traditional intermediaries. BitNest aims to democratize financial services through innovative blockchain technology, thereby making them more global and borderless.

Core features and functions Decentralization: BitNest is committed to removing the controls and restrictions of the centralized financial system and providing a decentralized network based on blockchain that allows all users to directly participate in financial activities. Financial Products and Services: The Platform provides a variety of financial services, including but not limited to: BitNest Loop: A decentralized lending platform that allows users to lend or borrow cryptocurrencies, increasing liquidity in the market. BitNest Savings: Users can deposit digital assets to earn interest, similar to savings accounts at traditional banks. BitNest Lending: Provides a mortgage lending service that allows users to obtain loans against crypto assets. Mellion Coin (MEC) : BitNest's native cryptocurrency is used to pay platform fees, participate in governance and reward systems. Mellion Coin is a medium that enables circulation and value transfer within the BitNest platform. BitNest DAO: A decentralized, autonomous organization that allows Mellion Coin holders to vote on the future direction and updates of the platform. This enhances the community's sense of participation and control over the development of the platform. Security and transparency: BitNest uses blockchain technology to guarantee the security and transparency of all transactions, ensuring the reliability of user operations and the immutability of data. User friendliness: Despite being based on complex blockchain technology, BitNest strives to provide a clean and concise user interface that makes its services easy to use regardless of technical proficiency. With these services and features, BitNest hopes to remove the barriers in traditional financial services and provide users worldwide with freer and fairer access to financial services.

[wallace18811]

BitNest is a decentralized finance (DeFi) platform based on blockchain technology that aims to build a transparent, accessible and inclusive financial ecosystem.

Through decentralized applications (DApps), the platform enables users to circulate funds, borrow and invest without relying on traditional intermediaries. BitNest aims to democratize financial services through innovative blockchain technology, thereby making them more global and borderless.

Core features and functions Decentralization: BitNest is committed to removing the controls and restrictions of the centralized financial system and providing a decentralized network based on blockchain that allows all users to directly participate in financial activities. Financial Products and Services: The Platform provides a variety of financial services, including but not limited to: BitNest Loop: A decentralized lending platform that allows users to lend or borrow cryptocurrencies, increasing liquidity in the market. BitNest Savings: Users can deposit digital assets to earn interest, similar to savings accounts at traditional banks. BitNest Lending: Provides a mortgage lending service that allows users to obtain loans against crypto assets. Mellion Coin (MEC) : BitNest's native cryptocurrency is used to pay platform fees, participate in governance and reward systems. Mellion Coin is a medium that enables circulation and value transfer within the BitNest platform. BitNest DAO: A decentralized, autonomous organization that allows Mellion Coin holders to vote on the future direction and updates of the platform. This enhances the community's sense of participation and control over the development of the platform. Security and transparency: BitNest uses blockchain technology to guarantee the security and transparency of all transactions, ensuring the reliability of user operations and the immutability of data. User friendliness: Despite being based on complex blockchain technology, BitNest strives to provide a clean and concise user interface that makes its services easy to use regardless of technical proficiency. With these services and features, BitNest hopes to remove the barriers in traditional financial services and provide users worldwide with freer and fairer access to financial services.

[hydralisk98]

LibreVastServitor computing stack designs 1/?

Just a quick reminder here, this is a customized computing stack manifestation game where I simply write what I desire and then let the wider universe manifest it for me whatever way that means, including personal efforts of mine. Boils down from customizing and adapting research material into a actionable series of items to manifest.

Ashur dream specifications

(mid-tower personal workstation computer)

2+ 2560x1440p monitors (one vertical, one or more horizontal)

Intel Core i5-4690 @ 3.5 GHz with its 4-cores (hoping forward to upgrade the RISC-V + OpenPOWER like processor for something decent with ~12-cores & much more open design) central processor unit

32GB of RAM

Some recent mid-range AMD GPU

64 GB Linux swap partition (mostly for virtual machines and RAMdisk partitions)

4TB+ SSD storage

Bluray burner

Floppy drive

Cassette / datasette drive

Themed GRUB bootloader

S6 init system

Arch-like package manager and software ecosystem

Customized alternative Linux kernel between Linux Libre & Zen kernel ( XanMod + Liquorix )

ZealOS, Parade, OpenBSD, OpenIndiana...

CLADO, DIS, Venera, Perseus, Maskoch, Synod, Monad, Valenz, Constans?

KDE Plasma with Liquid shell as desktop environment, complete with custom ricing, dot files & all the KDE desktop environment utilities;

Bash + Fish, Tmux, Astro-Neo-Vim with LSP, Emacs, LibreOffice Suite, Calligra, Bottles, Wine, WineTricks, QGIS, Firefox, LibreWolf, Dolphin, Konsole, Inkscape, Karbon, OpenStreetMap, GPlates, GProjector, Itch, Steam, GOG Galaxy, Lutris, Cyberpunk 2077, Ken Silverman's, FreeBASIC, Common Lisp, Godot + Qodot, VLC, MPV, .ogg / .ogv media player, musical tracker, 'Landchad.net', Brasero, K3B, FloppyFormatter, LibreCAD, AutoCAD, Blender, Kate, Qt, Nim, MUSL, C compiler, assembly monitor, HxD debugger, Rust, Swift, Kotlin, F#, C#, GNU make, NASM, Sweet Home 3D, some digital audio workstation software, Audacious, FFMPEG, Wayland, Morevna OpenToonz, some HTTP(S) web server suite, MongoDB, Hexo, Netlify CMS, RSS feed reader + generator, Pomodoro, Calendar, timely Tracker, Notion-like service, Tape, Gollum, some level editors, FreeCiv, The Sims 2, SimCity 4, Quake 1, Doom 1 & Doom 2, Markdown / Argdown, Konqueror, some WYSISYG rich media editor, some Raycaster engine, Daggerfall Unity, Portal 2, Source (1 & 2) Engine modding, some VirtualTableTop software, some remote desktop control software like VNC, OpenSSH, some distributed share storage software, Trenchbroom, StableDiffusionXL, ChatGPT open source alternative, DAO, Krita, GIMP, G'MIC & its plugins, PaintDotNet, CataclysmDDA, CataclysmBDA, Evennia, Python 3, Firefox for KDE (Developer Edition), Perl, PHP, MariaDB, lighttpd, Apache, Nginx, Themix Oomox GTK+ theme editor, Falkon, ...

Custom shell scripts, interactive REPL programming languages, some GUI programs, command aliases and dot file configurations;

?

Venera (computation "deque" project)

Original components:

RISC-V + OpenPOWER = LibreVast (tribble word-based open hardware architecture designed for daily use & tinkering developer purposes)

Tropix + OGAS = Nucleus (optimized distributed processing micro-kernel, like 'Inferno' & 'Plan9')

RedSeaFS + Parade = CLADOgram (direct-access rich media agentive filesystem & file server suite)

KDE + POSIX-compilant CDE = VUE (lightweight desktop environment with profound customization options)

CommonLisp w/ CLOS + Nim = Pan-Lisp (both low-level and high-level REPL programming language)

Existing components:

Fish, Tmux, Vim, Konsole, Flatpak, Git

KDE Plasma w/ Liquid shell alternative

Konqueror, LibreWolf

GIMP w/ G'MIC & Krita w/ G'MIC

Hexo (flat blog self-hosting web server), MariaDB, "Landchad.net" stuff

QEMU, Wine, Wine-tricks, Proton, Bottles, Lutris

Trenchbroom, Godot w/ Qodot

Kate, KDevelop, Okteta, Mousepad, Notepadqq

[...]

[aeternusfoundation]

How Crypto Tokens are evolving world

The emergence of cryptocurrency has brought a new wave of innovation to the world of finance. One of the most promising developments in this space is the use of crypto tokens, which are digital assets that can represent various types of value. These tokens have the potential to revolutionize the way we transact, invest, and even govern. In this blog, we will explore the ways in which crypto tokens, such as the ATRNO token, are evolving the world.

What are Crypto Tokens? Crypto tokens are digital assets that are built on top of a blockchain. They can represent a variety of things, such as a unit of value, ownership in an asset, or access to a particular service. These tokens are usually created through an Initial Coin Offering (ICO) or a Security Token Offering (STO), which is a crowdfunding mechanism that allows people to invest in a project by purchasing tokens. Crypto Tokens and Investment Crypto tokens have created a new way for people to invest in projects and startups. With ICOs and STOs, investors can purchase tokens that represent ownership in a project. This allows for a more democratic approach to investment, where anyone with an internet connection can participate, rather than just the wealthy or well-connected. In addition, crypto tokens can be traded on secondary markets, providing liquidity to investors. ATRNO Token and the Best ICO One example of a promising crypto token is the ATRNO token, which was launched through an ICO. ATRNO is a platform that aims to disrupt the traditional real estate market by making it more accessible and affordable. The ATRNO token represents ownership in properties that are purchased through the platform. This allows investors to own a portion of a property, rather than having to buy an entire property themselves. The ATRNO platform also provides tools for property management, such as rental and maintenance services. The ATRNO ICO was considered one of the best ICOs of its time. This is a testament to the potential of crypto tokens to attract investment and disrupt traditional markets. Crypto Tokens and Governance

Another way in which crypto tokens are evolving the world is through their potential to revolutionize governance. Decentralized Autonomous Organizations (DAOs) are organizations that are governed by smart contracts and crypto tokens. In a DAO, decisions are made through a voting process, where each token holder has a vote. This allows for a more democratic approach to governance, where decisions are made by the community rather than a centralized authority. Conclusion Crypto tokens are a promising development in the world of finance, investment, and governance. They have the potential to democratize access to investment, disrupt traditional markets, and revolutionize governance. The ATRNO token is just one example of a successful ICO that has the potential to change the real estate market. As more projects are launched using crypto tokens, we can expect to see even more innovation and disruption in the years to come.

[mariacallous]

FTX might be doomed, but a small group of volunteers believes that Serum, Sam Bankman-Fried’s other crypto exchange, is worth saving. There’s just one problem: Serum faces an existential crisis of its own. Brian Long, one of the volunteers working on the project to save the exchange, says its pivotal role in Solana, a major blockchain network, means it is too important to leave for dead. But until recently it was under the thumb of FTX.

While Serum is technically governed by a decentralized autonomous organization (DAO), FTX holds the secret keys required to make changes to the code. But after around $400 million in cryptocurrency was lifted from FTX coffers on November 13, confidence in the security of both exchanges was lost. If FTX had been compromised, might the Serum keys have been compromised too?

Serum’s collapse could have caused chaos for users of Solana applications, putting cryptocurrency holdings at risk in the process. It may also have aggravated the crisis of confidence that cut more than 50 percent from the value of SOL, the cryptocurrency of the Solana network, in the days following the FTX crisis. So the “obvious decision,” says Long, was to clone the exchange and begin anew—a process known in crypto circles as “forking.”

That’s no easy feat. Forking requires everyone to migrate in concert from the old version to the new clone, not only the customers but also developers whose apps depend on Serum and market makers that supply the funds to make trading possible. However, if they wanted to pull Serum out from underneath the FTX wreckage, the volunteers were left with no choice but to make it work.  

The new version of Serum is identical to the original from a technical perspective, but it operates under the name Open Book—a nod to the transparency that was lacking at FTX. The main difference is that a small group of community members will have the final say on changes to the codebase, not FTX.

The volunteers were able to duplicate Serum because, as a decentralized exchange, or DEX, its codebase is public. The goal was not to enhance the original, but to create a trusted copy that anyone could plug back into with ease.

The effort was orchestrated via GitHub and Telegram, where prominent members of the Solana community gathered. Some, like Max Schneider of trading platform Mango Markets, took the lead on the coding while others, like Long, were in charge of making sure everyone was pulling in the same direction.

By November 16, Open Book had surpassed Serum in daily transaction volume (at roughly $3 million), signaling that traders had accepted the clone as the official successor. On Twitter, project contributor Ansel described this moment as “the point of no return.” Many of the applications that interfaced with the original exchange—like DEX aggregator Jupiter, data provider OpenSerum, and trading interface Solape—have migrated over to the new version.

One community member, Dante Briger, who helps keep Open Book running smoothly by buying and selling regular quantities of cryptocurrency, described the speed with which the volunteers were able to stand up the new DEX as “in-fucking-credible.”

Decentralized exchanges differ from their centralized counterparts (like FTX, Binance, Coinbase, and others) in a few important ways. Most notably, instead of relying on an intermediary to match buyers with sellers, DEXs let users transact on a peer-to-peer basis—and keep custody of their own funds.

This arrangement is one example of what’s known as decentralized finance, or DeFi, an initiative to develop a suite of financial services atop blockchain technology. In a Twitter thread published in July 2020 that now reads like a grim prophecy, Bankman-Fried described DeFi as “filled with potential” because it doesn’t involve “relying on trust.”

Members of the community see FTX’s collapse as a key moment for DeFi, which, they argue, is a remedy to the problems that have haunted the crypto sector over the past year, following the collapse of large centralized organizations like crypto lender Celsius and hedge fund Three Arrows Capital.

According to Hayden Adams, founder of UniSwap, the world’s largest DEX, this is “a good learning moment for the industry.” Although the DEX model suffers from a steeper learning curve for new users, he says, it eliminates the need to store coins with an exchange, which is what gave FTX the opportunity to divert customer funds to its sister company, Alameda Research, in the first place.

Andrew Trudel, a contributor to Kwenta, another DEX, says customers can never be completely sure what’s happening to their assets inside a centralized exchange. But with a DEX, “how funds are being used is fully transparent” because everything is hosted on a public blockchain, he argues. Both Trudel and Adams predict the traffic to decentralized exchanges will eventually exceed traditional exchanges for these reasons.

With FTX in ruins and the integrity of powerful, centralized crypto companies being called into question, DeFi is having a moment. But now that Open Book is up and running, the volunteers face a series of dilemmas. The initial goal was to prevent the collapse of Serum from spilling over into the wider Solana ecosystem, but the group must now reckon with the ongoing management of the DEX, which is another proposition entirely.

Among the first questions up for debate is what to do with SRM, the token created by FTX for Serum, $2.2 billion of which was listed on the company’s balance sheet. The token, which provides holders with a discount on trading fees, is still supported by Open Book at the time of writing.

Some of the Open Book volunteers, including Long, would rather see the back of FTX, period. Long says supporting SRM offers no material benefit to Open Book users and serves only to put money into the pockets of FTX because the value of SRM is effectively tied to the revenue generated by the exchange. 

The management structure of the new DEX has also raised eyebrows. In a thread published on November 18, the Open Book volunteers explained that “upgrade authority” is now held by a small consortium of “reputable figures” from the Solana development community. Although the new model successfully cuts out FTX, traders are asking whether one overly centralized model has simply been replaced with another. To this question, the group of volunteers has yet to come up with an answer.