Geoma Dao - a startup that you will like
In this article, as I promised you, we will again talk about the Geoma DAO. And today we’ll try to figure out what is the Geoma DAO. We also consider some features of the project that will add advantages to its team.
If we decipher the DAO curriculum, we get the Decentralized Autonomous Organization and as the project developers themselves explain, the DAO are constructs of a New Economic Model using the Blockchain to create a shared Economy, Wealth and Wellbeing in a socially conscious way. If you like more technical and economic information, then I strongly recommend you read the whitepepper, a link to which will be at the end of the article.
However, I prefer the description of the project idea in the official telegram to the Geoma DAO group https://t.me/geomachat
Here is quote:
“Most of the times, smart contracts are compared to vending machines. But try to think about a vending machine that not only takes money from you and gives you a snack in return but also automatically re-orders the goods. This machine also orders cleaning services and pays its rent without any actions from the outside. It has no managers and all processes were pre-written into the code.
This is the simplest explanation of how DAO works. A DAO (Decentralized Autonomous Organization) can be seen as the most complex form of a smart contract, where the bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rules.”
This is very cool, isn’t it? because it turns out that Geoma DAO is already creating a multi-tasking smart contract in which a certain code is sewn. This code will help the smart contract to adapt to the needs or goals that will be set for it, or it will develop them individually for each. That is what touches me in this startup. After all, this is something new and very progressive. It remains for the little ones to begin to introduce this technology into our daily lives, this is achieved by the development team and their confidence was transferred to me.
(This is how membership portal will look)
Another point that I like about the project is its capitalization, only 19.4 million coins. For the cryptocurrency market, this is a very small amount compared to billions of other tokens. But thanks to economically sound capitalization, Geoma DAO has every chance to take a strong place in the financial system. It will also ensure stable coin growth. After all, the less coins in circulation, the more valuable they are. Naturally, in the conditions of fierce competition, you will always have to be ahead, but the team’s high-quality and meticulous approach will do its job, and their latest developments will make a breakthrough in the digital financial industry, as well as in the service delivery industry. But we all understand that this takes time and money, which is often not enough in life. Therefore, now the team is looking for and concluding new partnerships, as well as analyzing markets where it could realize itself additionally. When considering this project for investment or partnership, do not forget that this is a young project and you need to show some patience while the work is ongoing. I believe that we will not regret that we have become part of the Geoma DAO community. All contributions will pay off. You can find all the latest news and achievements in the development field on the official Geoma DAO website (link is below).
Website: http://thegeomadao.com/
White Paper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view
Bitcointalk username: Hardcore-coin
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1282368
ETH wallet address: 0x7604623aF67813f40bF0791Ae5a0716Cb002fF29