Genesis Release — Project Overview
This is the first official communication of Think in Coin DAO. This document will outline our mission and business model based on the plurality of ideas, knowledge, and cultures in order to build a lasting DeFi product.
DAO Purpose of Existence
The project was born from a passion for the DeFi market. Our mission is the compilation of the best educational content for new and experienced investors in the DeFi market. Covering sensitive topics, in-depth and impartial analyses of technical or economic subjects, providing knowledge about any project or network. All of these things and more we intend to deliver to our users.
The idea is to help investors gain greater knowledge about risks and opportunities in order to make better decisions. By raising the level of knowledge of our user base we hope this will thereby strengthen the DeFi market. We will achieve this with educational content, training, and creating a community of professionals who wish to see this market grow. We also hope to provide many services to help strengthen new and pre-existing projects.
First Steps
To start the project, we have two immediate goals:
1.The elaboration of a fair and tokenized economy.
2.The production of a platform to make the first content available to the public.
Governance Model
We seek to listen to the main ideas of the community so that the DAO can deliberate for fair and transparent decisions. Every participant will have a fair say, no early adopters or whales will be able to totally swing and control governance votes.
Generation of Content
Collaborators interested in making their knowledge available will find in our team all the technical support for the best elaboration of the material. Once the content is well developed and approved by the DAO, it should be published on our website. Our goal is the proliferation of knowledge to create a smarter DeFi market. To achieve this we will strive to be the leaders of free and high quality content.
We will offer private and monetized content. You can be assured this content will be properly vetted by the DAO. Once it has been vetted, the DAO will work to develop it in a course-like structure to serve as a strong educational tool.
Business Model
Being formulated. The first suggestion is that the DAO is based on MakerDAO, from the Ethereum network.
Participation
The founders of the DAO overlooking the genesis, the pioneers, will be able to define guidelines for the participation and addition of new members to the DAO board. All participation, from this point on, must have the deliberation and vote of the boardroom.
Transparency and Integrity
To participate in the DAO , members must be Doxxed and their public information (such as social networks and the DAO-linked portfolio) available for review by anyone.
All members will be constantly subjected to community scrutiny and their actions must be consistent with the good practice of education, civility and honesty. We must all keep in mind a single ideology as an essential clause: free thought.
Dictatorial actions will not be accepted by the DAO and in case of problems of this nature, the boardroom must meet to vote on the consequences said member will face. No position in the DAO will be immune from this scrutiny.
Tokenomics
System tokenomics should be through stablecoin assembly. The minted tokens can be used as voting power, means of payment or reserve of value for eventual income.
Part of the profits made with our platform should be invested and the proceeds passed on to the token holders.
At the appropriate time, we will delve further into this topic.
