DAO: Decentralized Autonomous Organization that cares about the Future

ahmad-affandi (39)in #blockchain • 5 years ago

geoma dao.JPG

Introducing GEOMA DAO

We know that blockchain technology was created to disrupt and the disruption came from decentralization and autonomy. DAO or the Decentralized Autonomous Organization was created as a structure and was born on the same day when blockchain technology was revealed to the public.
The potential of DAO is very large and still needs to be explored again. This is given by the Intelligence, Knowledge and High Moral Standards of its contributors. Contributors can make progressive proposals in DAO that target innovative technologies from various sectors such as Energy, Agriculture, Health, Insurance just by mentioning a few examples.
DAO performance increases many times if it can operate in the physical world. And this is exactly what DAO GEOMA will achieve: Create Cash Flow and Wealth for its Contributors.

DAO, as a governance structure, is not well understood by the general public, because most of us are in the current system, that the DAO concept seems to be Science Fiction.
Look at our oceans, our forests, our water, our food quality, our elderly, our society. Without doubt, this is not sustainable in the long run. DAO is definitely a viable alternative. They can change the Economic Landscape for the future of our more aware Society.

DAO GEOMA (geo = earth, ma = management) is none other than the Distributed Contributors Network. DAO is not made for quick profit, it was created to produce stable and sustainable growth and lives, communicates and interacts through Smart Contracts on the Blockchain.
This will function exactly like Blockchain Technology:

Disrupting the usual way of Governance.
There will be no CEO, Upper Management, Middle Management, Lower Management a.s.o.The founders should be regarded as pure contributors to the Network. Their role is simply to oversee and build the first Ownership mass.
Proposals are the primary way of decision making within the GEOMA DAO.
Voting upon a proposal for implementation is a must feature of the GEOMA DAO.
Consensus is created if a predefined percentage of contributors agree upon an action.
For project implementation, Contractors will be appointed by voting.
The GEOMA DAO is created to generate real Wealth for its contributors and bring value to society.

GOVERNANCE
Governance is the most important part of a DAO. Most Blockchain Companies have centralised governance models. In our opinion this is in conflict with the core definition of what Decentralised Autonomous Organisation means. The power and potential of a DAO are its members and their ability to perform governance.
In order to function properly , governance will be performed through blockchain dApps via a governance portal. Proposals, Voting, Debate, Finance, Vault, Lending will all be part of the dApp. Every paperwork performed in the physical World by the third party operators will be given an id via the Blockchain and will be accessible by DAO members through the Membership portal.

The Model could look like this:

geoma dao 02.JPG
DOA chose not to come up with ready-made products, because now there are already many good blockchains in the room. DAO wants to build the most decentralized. Common Sense dictates that the DAO members should propose and vote a Blockchain o which to build.
There are three options :
Using a ready build Blockchain and integrating our dApps on such, Building a Child-chain, or Building an entirely new Blockchain.
Members will decide.

TOKEN DISTRIBUTION AND PRICE

Only 21.000.000 GMD - ERC20 Utility Tokens have been minted.
Token Distribution will be as follows:

5% representing 1.050.000 GMD will be used for the Bounty, Airdrop and Exchange Liquidity Program.
1% representing 210.000 GMD will be distributed to early contributors and founders.
94% representing 19.740.000 GMD will be distributed to contributors.

Early Birds Bounty Contributors