Geoma DAO - Decentralized Autonomous Organization that cares about the Future
INTRODUCTION
We will keep this simple, pragmatic and to the point. Blockchain Technology was designed to be disruptive. Disruption comes from decentralisation and autonomy. The DAO or the Decentralised Autonomous Organisation, as a structure, was born the same day Blockchain Technology was revealed to the public. It is, in our opinion, the most advanced model of worldwide human collaboration to date. It is indeed THE NEW ECONOMIC MODEL FOR THE 21 CENTURY. The potential of a DAO is enormous and has still to be explored. It is given by the Intelligence, the Know-How and the high Moral Standards of its contributors. The contributors can make progressive proposals within the DAO targeting innovative technologies from different sectors like Energy, Farming, Healthcare, Insurance just to mention some examples. The performance of the DAO increases manyfold if it can operate in the physical world. And exactly this is what the GEOMA DAO will achieve:Create Cashflow and Wealth for its Contributors.
STRUCTURE
DAO, as a governance structure, is not well understood by the general public. Most of us are so entangled in the current system, that the DAO concept seems to be Science Fiction. What we know is that the Company's structure is built as a model with unlimited expansion. Unlimited expansion is not possible. Because of its structure, such a model will definitely fail. But before doing that will do anything to maximize profits. We reached the point where expansion stopped. And see what we leave. Look at our oceans, our forests, our water, the quality of our food, our parents, our society. This, without doubt, 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 conscious Society.
Geoma DAO (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
Should:
- Interfering with ordinary government.
There will be no CEO, Top Management, Middle Management, Lower Management a.s.o.The founders must be considered as pure contributors to the Network. Their role is only to oversee and establish the first mass ownership. Most of the withdrawal of funds from ICO-Market is carried out by companies that have a Pyramid governance structure. This usual type of centralized governance allows individuals to create asymmetrical information flows that produce harmful results for other individuals. In other words, this type of government, which comes from a tightly regulated World, can easily lead to complicated fraud and manipulation, based on its concept, a decentralized World Autonomous Organization.
- 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 DAO. Most Blockchain companies have a centralized governance model. In our opinion, this contradicts the core definition of what is meant by the Decentralized Autonomous Organization. The strength and potential of DAO is its members and their ability to conduct governance. In order to function properly, governance will be carried out through the dApps blockchain through the governance portal. Proposal, Voting, Debate, Finance, Vault, Lending will all be part of dApp. Every document carried out in the physical world by a third party operator will be given an id through the Blockchain and will be accessible to DAO members through the Membership portal. The model can look like this:
Because of the Nature of our project we preferred not to come with a ready made product. There are a lot of good Blockchains in the space. We would like to build on the most decentralised ones. 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.
In order to have a flawless governance flow, a DAO should also have Representatives. These are individuals from within the community which stand out through their activities and commitment. Representatives have the role, amongst others, to step in, when there
are dangers within the Network, sort these out and keep the workflow at high standards.
In case of hazards , like we have seen a lot recently , power outages or internet shutdowns performed by governments, or other causes , Representatives will have access to the archive stored on diverse servers as a safety measure for the contributors.
A Paper archive should also be conducted. To avoid duplicates the DAO will use Blockchain IDs to secure the authenticity of each document.
Wallets:
GMD TOKEN MODELS
The GMD - ERC20 Token should be seen as a Utility Token. It gives Token Holders the right to propose, vote and take part in activities within the Network. Can it be seen as a Security Token? Let’s see what the SEC has to say in it’s Guidelines. As the Howey test indicates, an “investment contract” exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others. Whether a particular digital asset at the time of its offer or sale satisfies the test depends on the specific facts and circumstances.
Is this an investment of money in a common enterprise? No, because the Geoma DAO is not a Company or a Corporation, and so it is not a common enterprise.
Reasonable expectation of profits to be derived from the efforts of others? No , because the effort is a common effort by the entire Network.
The GMD - ERC20 Token Contract address can be seen here [https://etherscan.io/token/ 0x2509B1A5FF82AB94172cFc527676AcF45C2A0D08](https://etherscan.io/token/
0x2509B1A5FF82AB94172cFc527676AcF45C2A0D08)
However, the DAO will have a second Token Model and this Model will be a Security. GMDST Tokens will be released to Members after the implementation of a real world project has been voted. This Token bears Ownership and Divided Rights. GMDST will always be backed by Tangibles like Land, Buildings, Water, Forrests, Food a.s.o. In this regard the Token will have a relative stable value , giving the Token holder certainty that his investment is secured. Along with the GMDST Token comes also an Ownership Certificate The proposed certificate will look like this:
For security reasons, to avoid duplication, counterfeiting and forgery, the certificate will be equipped with a Blockchain ID and broadcast to the Network. The ID will always be connected to the Smart Contract and can be verified in Block explorer. This is also important when the Certificate changes owner. Buyers can easily verify authenticity. Certificates can also be printed and stored in safe boxes.
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.
0.4 USD/1GMD for early birds during the Bounty Campaign
0.7 USD/1GMD After the Bounty Campaign until the IEO
1 USD/1GMD IEO price
Providing Project Nature and real world application, GMD / GMDST tokens can be exchanged at a rate of 100 GMD / 1GMDST.
GMD Token Holders can produce by accumulating at a maximum rate of 10% / year.
GMDST Token holders will get monthly benefits from DAO projects.
We want to thank you for your interest in our project.
Before you receive some GMD Tokens, we want to remind you of the following:
We do not encourage Money Laundering or other financial criminal activities. The DAO GEOMA is built for stable and constant growth. Pump and Dumps: no questions. GMD Tokens give you proposals and voting rights in the Network. The GMDS token, which will be released according to the needs of the DAO Project, gives you ownership.
CONCLUSION
This is a business model "as simple as it gets" using DeFi and Blockchain Technology to create distributed wealth. The initial contribution remains intact while it benefits. Using tangible assets, combined with the DAO governance structure, makes the model fail to stand. Looking to the near future, where robots will replace most of the workforce, we can see DAO has a part of the workforce of robots. If people fail to regulate yourself, like DAO, or in other forms, all the wealth generated will fall again into the hands of 1%. Every day 12.5 billion working hours, which are carried out by people all over the Planet are not paid. Global Universal Income has passed the stage of becoming an idea. This is in our opinion one of the most regressive ideas in human history. Imagine sitting around, doing nothing, waiting for some form of income to be fully controlled by the government and companies. That's material for a horror movie. That is why we should give it a try and succeed in our endeavour.
For important information about the Geoma DAO project, you can see their official link below:
Website: https://www.thegeomadao.com/
Medium: https://medium.com/@thegeomadao
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view
Telegram: https://t.me/geomachat
Github: https://github.com/Arthur267
Linkedin: https://www.linkedin.com/in/geoma-dao-b0a612189/
Youtube: https://www.youtube.com/channel/UCys4E09zDz9xjlyKiBZwr_g?view_as=subscriber
Twitter: https://twitter.com/thegeomada
Author: Bidadari_surga
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1011291
0xBd706dD25c38c5502DbB2B254bFA6bbD54b8F8d3