Are we creating a new asset class for Wall St. to get rich off of ???
NO, we are trying to create a system OUTSIDE the mainstream to:
MAKE Wall St. OBSOLETE!
Why are all these so called “Crypto Gurus” trying to allow Wall St. to get their fingers in the pie of Blockchain and Cryptocurrencies? I mean didn’t anyone read Shitoshi Nakamoto’s paper? Has everyone gone crazy? It reminds me of the “GRUNGE” era. A bunch of kids not caring what they wore or if it match or had rips and holes, true non-commercialism,,,, and then all of a sudden there is Nirvana and other Grunge bands and next your buying expensive close with holes in them a Nordstroms…. WHAT IS WRONG WITH SOCIETY? Sometimes I think everyone is asleep,,, aka Zombies, the living dead.
I mean I-am just thoroughly disappointed in the direction of the Blockchain & Cryptocurrency space. I just read an article on TRYBE about how no one is using the DEX’s and are still using the Centralized Exchanges, even though many of the exchanges offer the ability to use your own warm wallet instead of a centralized online wallet. It feels like everyone has lost sight of the goal and are more worried with making profits off of the old systems instead of designing the new systems that will make the old systems obsolete (I love Bucky !!!) HENCE the design and development of The DAO Family of INDEX’s & FUNDS, that is CRYPTO Exchange Traded Custodial Funds (cETF).
The DAO INDEX’s & FUNDS
The DAO will feature Funds like:
- the DAO30 (30 largeCap Robust coins)
- the DAOFAS (Fiat baked and other Stability coins)
- the DAOXCP (Cross-Chain and Platforms)
- the DAOPRI (Privacy coins)
- the DAOSC (Supply Chain coins)
and many more to come as the blockchain space evolves.
The DAO recognizes that even the experts suck at their predictions on the best stocks for a mutual fund. Many mutual funds under-perform the Market in general. For these reasons, The DAO family of FUNDS are Investor Directed and does not promote itself as a “Short-Term” Investment Vehicle. The DAO FUNDS are trying to be a Long-Term holding that a person keeps, for perhaps, several decades. It should grow and hopefully maintain parity with the better of the Crypto/Blockchain space and allow for diversity among sectors of the Crypto/Blockchain space.
The DAO FUNDS has two levels of Governance. The Upper Level will have say over what types of “New Index’s & Funds” are released on the platform. These Governance tokens (DAOG) will be given to EOS Genesis Snapshot Account holders, the Founders, Programmers & for Promotions. Holders of DAOG will be able to VOTE for New INDEX Funds and to VOTE for and RUN for DAO FOUNDATION Offices. At current the offices will be President, Chief Technical Officer, Chief Public Relations. An ongoing budget for both the officers and ongoing network expenses and technical development of the Funds as directed by the Token Holders will be provided for from the 3.5% Load fee during purchase.
Individual Funds (for example: The DAO30) have their own Governance structure, where each token and fraction of a token in the individual fund has a say over which tokens the fund holds and exactly how the fund calculates the desired % level for any individual token. The current algorithm uses a combination of Market Capitalization and Robustness (the total number of transactions per time).
Because The DAO FUNDS structure is prone to “Mixing” of tokens to achieve money laundering, there is a 5% fee upon redeeming any tokens via The DAO FUNDS instead of Trading it on an Exchange. It is hoped that this fee will be sufficient to quail such activity. The DAO FUNDS Tokens will be available for purchase and redemption at The DAO website via EOS, DASH & MONERO only.
The DAO is not an “open source” project and plans to be released on the TeLOS sister platform to EOS. It is currently seeking programmers for the backend and EOSio blockchain integration. If you are interested in working with this project and will accept DAOG as future payment, please leave a note below or contact:
– please allow some time for a response –
YOU CAN GET AN ACCOUNT AND START EARNING TOKENS AT TRYBE BY SIGNING UP AT THIS LINK
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