![]() ![]() This new governance system is highly accountable. ![]() The random selection allows for diversity to be represented, and it is difficult to pre-groom corrupt candidates or engage in long, expensive campaigns by charismatic - but ineffectual - ”leaders”. The leaders are selected from a pool of subject matter experts, and then randomly selected to be in charge for a limited term. All budgets and usage of funds will be transparent. Starting as a Foundation, its mission is to bring about “ tools of collaboration and freedom”.įreeos is the first tool that FreeDAO is building - representing a new type of financial freedom.Īnd FreeDAO leadership is designed to be fully accountable at all times. The team designing, developing, implementing, deploying and servicing the Freeos DAO is also set to be another DAO - fully accountable to the Freeos participants.įreeDAO is the name of this additional DAO. But skipping the rampant greed that has been the Achilles heel of many cryptocurrencies and blockchain projects. With all of the advantages of blockchain - transparent, immutable, secure, incorruptible. Using smart contracts and a decentralised App (dApp) that cannot be shut down.Ī dApp that is designed to teach understanding on how the features allow us to manage the supply and demand dynamics of the Freeos economic system so the community can steer it towards value and wide adoption. So why not skip the politics, the bureaucracy and the corruption and vote directly for what matters to us all? The economy.īut this time - not stupid. “ It’s the economy, stupid.” has entered the English lexicon as meaning politics is all about the economy at the end of the day. Since everyone’s incentives - and values - are aligned, what is good for the individual can also benefit all others.įreeos is pushing the boundaries of what “win-win” can be. The system is designed to be deep, with economic controls that the community can steer. Not being at the mercy of an economic system without any direct say, consideration or voice.įreeos is a new economic model, with lessons learned from the old economic system, and lessons learned from the new, crypto, economic system that is emerging - in front of our very eyes - over the last decade. Think of a country’s Central Bank - but decentralized - and managed by the people directly. And then you earn a crypto income for your efforts. You mine the currency through voting - each week - on the monetary policy. Vote-to-Earn makes the system extremely participatory. It is more difficult to build this type of system - but since it fulfills the Freeos purpose of equality and fairness, there isn’t any other authentic choice. It has just been easier to use what takes the least effort to build - a pyramid of wealthy rulers.īut for the Freeos economic system, it is one-person = one vote, fundamentally. The vast majority of DAOs on the blockchain are plutocracies - not true democracies - where those that hold the most financial value call the shots.įor some DAOs, a plutocracy can be the ideal and intended design - to act like shareholders do in a corporation.įor other DAOs, a plutocracy is far from the ideal design - but so far, there have been few attempts to change to a non-plutocratic model. Is your favorite DAO governed by a pyramid of wealthy rulers? There’s a new DAO in town - the Freeos Economic System.ĭesigned to be a fair and democratic DAO representing one-person with one-vote.Īn entire economic system managed directly by democracy. For all you DAO Enthusiasts, Freedom Advocates, and System Disruptors out there.
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