DAO Formation
What you need to sort out to create a DAO?
Purpose
Problems to solve:
- Protocol development
- Business development
- Growth and marketing
- Intellectual property
- Governance decisions
DAO Creation
- Legal Framework
- Name the DAO
- Create a mission statement
- Set up an X/Web3 Social Media accounts
- Build a community on discord or telegram
- Invite people to join
- Create a shared treasury with @gnosisPM
- Construct a governance framework/token
- Create a funding mechanism
- Set up tools for voting
- Set up logging member contributions
- Distribute ownership with @viamirror or @CoinviseCo
Name
Name that encapsulates its mission.
Purpose
What is the dream?
- Why do you need a DAO?
- What's the objective of your decentralized autonomous organization?
Community
Finding a community in crypto is hard. Building a community is even harder. The prospect of standing in front of a million people on social media and shouting about your next crazy idea for a DAO seems exciting. But that is not so easy. There are so many DAOs that are in existence today, and so many already have a dedicated community that supports them. And new DAOs are springing into existence every single day. How can you distinguish yours?
Rules
Smart contracts are immutable. Once deployed, these contracts and the rules that are written in them cannot be changed.
How to Incorporate DAO and issue tokens to raise funds