GEOMA DAO | will be one of the most important tools in the recovery period of the ongoing global financial crisis

Introduction

Geoma dao, one of the new applications that is carried out with blockchain technology is the realignment of the organization through the lens of highly distributed decision making.
The legacy of open source computing and highly distributed community projects provides strong DNA for expanding the potential of the blockchain from organizing facts and figures to shaping human systems into new, flexible, creative and rapidly changing forms. The growing need of organizations to quickly respond to changing circumstances and markets provides the impetus to adopt new and different approaches to make groups of individuals move in a coordinated manner

Setting up a company is a great feat. Irrespective of industry, various reasons, either known or unknown, drive this action. However, what is common to all is that the founders control the power and the activities of the company, in essence, they control everything as regards governance. More so, if the company is profit-driven, greater wealth is accumulated at the top by the powers that be. This has been the operational trend of businesses and other organisations in terms of governance. Consequently, the group of individuals in the upper chamber of businesses accrue massive wealth through this power control actions and measure. This has led to a great gap between the founders of companies that take less risk and investors that take more of the risk in terms of wealth. With this, there needed to be a change in the system. A system for all, that provides all parties that dare to participate a shot at wealth; blockchain technology looked like the answer to this.

With wealth clustering looking to be stopped by blockchain technology, the upper chamber individual group, moved to incorporate a system of governance into the blockchain. Today, most blockchain companies have a centralized model of governance. This conflicts what blockchain stands for. Thus the reasons for Geoma DAO. It operates via a Decentralized Autonomous Organization (DAO). A DAO can simply be described as a smart contract that self-runs an intelligent algorithm that makes decisions based on the rules encoded without the need for traditional management. It imitates the operations of an organisation with an incorporated distributed ledger system. Through its blockchain technology, it sets up a non-hierarchical system of operations with equal duties falling on all individuals.

Geoma DAO: A Headless system?

With governance not being established through the founding process, how will Geoma DAO control operations and function effectively as regards representation. The power of Geoma DAO is its members and their ability to perform governance. Consequently, in a bid to ensure functionality, governance is performed through blockchain decentralized apps through an incorporated governance portal. All processes as regards, proposals, voting, finance, contract sourcing, lending will all be done on the dApp.

For a system with great potentials and power as Geoma DAO, it is imperative to have a group of recognized individuals that act as representatives. In the traditional system of organisations, founders are the representatives of their respective organisations. But in this DAO system, individuals within the community which stand out through their activities and commitment are voted to take up the representative role. Notably, these representatives are not constant, rather it is as a result of commitment. In this system, representatives are charged with a number of duties, one of which is, stepping in when there are is a danger within the network, sort it out and keep the workflow of the system going at high standards. Furthermore, in any case of hazards, power outages or internet breakdown by various causes, representatives are given access to the archive contained on various servers as a backup safety measure for the contributors. Therefore, in simple terms, representatives are charged with the duty of a flawless governance flow within the system.

The DeFi Ecosystem-The next big financial innovation
The biggest upcoming innovation in the DAO field is the emergence of DeFi or decentralized finance. Decentralized finance is a concept in which projects are built to automate, secure, and decentralize traditional financial processes such as banking, investing, lending, etc.

The DeFi ecosystem is currently largely focused on Etherchain Blockchain. The Ethereum chain with a large number of developers, greater computing power, and high scalability has managed to accumulate great interest in financial projects. As of January 2020, funds worth around $700 million were locked, at stake, or used for DeFi products. Evidently, this figure will increase exponentially because the Ethereum and DeFi blockchain capabilities generally gain more traction.

The aim of DAO is to create wealth for its participants and distribute this wealth fairly through Blockchain to every contributor. The benefits are: the creation of financial freedom, Middleman cuts and the absence of a pyramid-shaped leadership structure. SO must use the Blockchain to create economic, wealth and prosperity together in a socially conscious way. It takes a number of education and courage to become a member of DAO and participate in the proposal and voting action. Nevertheless, the DAO, if formed properly from scratch, can accomplish things unimaginable for one individual. This is why we created The Geoma DAO.

GMD Token
The ERC20 token should be periksa as a utility token. Proposed token holders, the proper to vote and to ask for things to do in the network. Think of it as a protection pin? Appearance. Let's seem at the hints mengumumkan SEC. Because the Howie take a look at has established the compilation of "investments" need to get cash from different people's efforts in investments that cek have public businesses and profits. This is a sure time in trying out digital property to get an provide or sale relying on sure information and circumstances.

Is this investing cash in a joint company? No, due to the fact GEOMA DAO is now not a perusahaan or a corporation, and now not an everyday company.
Reasonable expectations of the earnings derived from the efforts of others? No, due to the fact these efforts are joint efforts by way of the cek Network.
Address for GMD Token Contract - ERC20 can be viewed right here https://etherscan.io/token/0x2509B1A5FF82AB94172cFc527676AcF45C2A0D08
Distribution of Tokens and Prices
Only 21,000,000 GMD-ERC20 Utility Tokens have been purchased. Token distribution is 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 allotted to contributors and early winners.
94% representing 19,740,000 GMD will be allotted to contributors.
Geo DAO Token
0.4 USD / 1GMD for the preliminary hen all through the Bounty Campaign
0.7 USD / 1GMD After the Bounty Campaign to IEO
1 USD / 1GMD the charge of IEO

Road Map

2016-2019
Research over 2000 Blockchain projects and their possible impacts in economics
2019 September
The creation of GMD ERC20 Token according to test SEC Howey
2019 December
Geoma DAO website launching and Media Channel
2020 January
Preparing for an Airdrop and Bounty campaign
2020 February
Early Bounty and Airdrop campaigns
2020 March-May
Phase of DAO formation
Vote on the best Blockchain for DAO use
First Project Proposal
Vote on Projects
2020 May-June
Start from project implementation.
Preparation list. Proposals and select for the best IEO Exchange
2020 June-July
IEO
Building Structures and Communities

Conclusion
The concept of decentralized autonomous organizations, regulated not by agent-based hierarchies, but by all members of the organization is a unique innovation. Of all the words thrown here and there, the concept of DAO has taken on the biggest attraction, especially since people are beginning to realize the advantages that can be possessed by unbelieving organizations, without limits, and self-regulating. It is very likely that if there is a DAO gaining significant appeal, we can see a surge of interest in creating the next big DAO similar to what we see with the ICO at 2017.

Additional information:
Website: https://www.thegeomadao.com/
Twitter: https://twitter.com/thegeomadao
Telegram: https://t.me/geomachat
Linkedin: https://medium.com/@thegeomadao
Medium: https://medium.com/@thegeomadao
AUTHORSHIP: Pkink
To my profile: https://bitcointalk.org/index.php?action=profile;u=2051414
MEW Wallet: 0xeA3Cb19Fa8F3ebA8342162D0C5f51EAd9e30847a