Daomaker Social Mining studies and about DYCO offer
About the DaoMaker Project-2
According to DaoMaker creators, manufacturing relationships around the world will change radically in the next 50 years. Collaborative work will become much more dominant in the future. People all over the world will jointly create a brand new economy using their collective intelligence. Will realize digitalization and the formation of the token economy through joint efforts.
While the Internet allows us to network and communicates socially, Blockchain technology will enable us to transfer value to each other, borrow and lend, do dozens of jobs such as insurance and notary. The way to do this is possible with projects that can work on the blockchain and can carry out advanced studies on their subjects. These projects may need crowdfunding and may want to develop their business. In this case, Social Mining works are significant.
Traditionally, the size value of an economy is measured by its GDP, which is the total value of goods and services economy. In the new economic order, the value of a Blockchain network is the everyday work of all the effects of all token holders actively participating in that network. Therefore, collective work adds value to the blockchain network. If you have an educated and hardworking group, the economic output you will produce will be much higher. Your work with a group with these characteristics will be much more efficient.
From this point of view, the Social Mining studies of DaoMaker will provide severe contributions to initiating the token economy in ecosystems. Considering that DaoMaker is conducting practical Social Mining activities with 17000m active users and 1000 engaged employees, its size becomes evident. When the projects DaoMaker works with are examined, it can be understood how effective Social Mining works are.
Of course, the contribution of DaoMaker’s platform to the development of the blockchain network is not just about Social Mining. DYCO’s proposal to raise funds for ecosystems is critical.
As most of us know, there have been projects whose purpose was not to do business but only to collect money from others. It will also happen in the future. However, exploiting and harming the investor harms blockchain technology. Investors are kept away from the market due to insecurity. To prevent this, Daomaker has put forward the DYCO (Dynamic Coin Offering) offer. Accordingly, if a project wants to reach crowdfunding resources, the project team will demand money and work to the maximum of the project’s success.
If the project cannot progress successfully, the investor will have the right to demand their money back in specific periods. Projects that sell tokens under the DYCO framework ensure that most of the money is returned to DYCO participants via repurchases. Thus, the downward movement of a DYCO is limited to guaranteed buybacks. Each address used to join DYCO is whitelisted for buyback participation. These addresses, called primary quotas, can request a buyback.
Buybacks are divided into three runs:
- The first buyback will take place nine months after the TGE
- Second buyback 12 months after TGE
- The third buyback will take place 16 months after the TGE.
The determined time intervals allow the teams working on the project to prove themselves. Tokens bought with buybacks are burned. Since this limits the number of tickets in circulation in the market, it reflects positively on the price.
Although the project owners work well, this may not be reflected in the price, and the investor may request a refund. In this case, those who genuinely believe in the project and the project owners will pay off their work in the long run.
Created by simon
