Abstract
Machine learning, AI, automation, Robotics, Blockchain Economics, Society, finance, Environment Our world is changing hastily and we ought to follow this change. 2000 people on our Planet have a wealth of greater than 4. They only use the equipment that the gadget afforded them, pragmatically to obtain more wealth. Being rich at the rate of others or with the aid of destroying the environment, is pretty questionable, and with common experience is very immoral and unethical.
Following some predominant corporate and authorities actions, it looks like they are not residing on this Planet and need not care about future generations. The machine just keeps doing what the machine does, unless it will be interrupted somehow One of the new applied sciences of the twenty first century offers human beings the power to intervene with positive questionable activities. This technological know-how is known as Blockchain or disbursed Ledger technology. If used in the right way, it means decentralized, that science can certainly trade the view of our future, being positive.
A real bully in the structure and feature of DeFi, or decentralized finance, using Blockchain, is DAO, the decentralized self reliant organization. DAOs, is the building of the new financial Model the use of Blockchain to create economics, wealth and prosperity together in a socially conscious way.
Introduction
Blockchain technological know-how is designed to interfere. In our opinion, this is the world's most updated human collaboration model. This is given with the aid of the high intelligence, information and Moral requirements of its contributors. Contributors can create innovative proposals in DAO that goal modern applied sciences from a number of sectors such as energy, agriculture, health, insurance plan simply by bringing up a few examples.
DAO overall performance elevated many instances if it can operate in the physical world. Structure DAO, as the shape of governance, is now not but nicely understood with the aid of the general public. They can trade the economic landscape for the future of our extra mindful society. Is nothing but a disbursed contributor network.
DAO is no longer made for fast gains, it was once created to produce consistent and sustainable boom and live, talk and interact thru clever contracts in the Blockchain. The founders must be viewed as simply contributors to the network. Most of the money suctioning from the ICO-Market is performed through the organisation that has a pyramid governance structure. This type of centralized governance allows men and women to create a glide of uneven statistics that produces detrimental outcomes for other individuals.
In different words, this type of governance, originating from a strictly regulated world, can easily lead to elaborate fraud and deep manipulation, in accordance to the concept, a decentralized world of self reliant organizations. Proposals are the essential way of decision making in GEOMA DAO. Voting for proposals for implementation is a need to from GEOMA DAO. Consensus is made if the proportion of predefined contributors approves an action.
For project implementation, the contractor will be appointed by selecting. The GEOMA DAO was created to generate actual wealth for contributors and bring cost to the community.
Governance
Governance is the most important part of DAO. Most Blockchain businesses have a centralised governance model. To function properly, governance will be executed thru the dApps blockchain via the governance portal. Proposals, Voting, debate, finance, Vault, Lending will all be part of the dApp.
Any files carried out in the physical world through a 0. 33 party operator will be assigned an ID thru the Blockchain and will be available to the DAO individuals via the membership portal. Common Sense determines that contributors of the DAO need to propose and choose Blockchain o to be built. To have a ideal go with the flow of governance, DAO must additionally have a representative.
Representatives have roles, among different things, to step, when there is danger in the network, resolve this and hold the workflow at a excessive standard. In the match of danger, as we have viewed recently, power outages or internet outages undertaken by way of Governments, or different causes, representatives will have get right of entry to to archives saved on numerous servers as a step Safety for contributors. To avoid duplicates, DAO will use the Blockchain ID to tightly closed the authenticity of every document.
GMD TOKEN MODELS
The GMD - ERC20 Token be considered as a Utility Token. It gives Token Holders the right to propose, vote and take part in activities inside the Network. No, due to the fact the GEOMA DAO is not a Company or a Corporation, and so it is no longer a common enterprise. No , due to the fact the effort is a frequent effort through the entire Network.
GMDST Tokens will be released to Members after the implementation of a actual world venture has been voted. This Token bears Ownership and Divided Rights.
TOKEN DISTRIBUTION AND PRICE
000 GMD will be used for the Bounty, Airdrop and Exchange Liquidity Program. 000 GMD will be distributed to early contributors and founders. 000 GMD will be distributed to contributors.
1 USD/1GMD IEO price
GMD Token Holders can earn by stacking at a maximum rate of 10%/year. GMDST Token Holders will earn monthly benefits from the projects of the DAO.
2020 February - Start of the Bounty and Airdrop Campaign. Vote on the best Blockchain for DAO usage. First Project Proposals. Vote on Projects 2020 May-June - Begin of Project implementation.
This is an "as simple as it gets"business model using DeFi and Blockchain Technology to create distributed wealth. Using real assets, combined with a DAO governance structure , makes the model fail resistant. Looking into the near future, where robots will have replaced a big part of the workforce, we can see DAO’s owning a part of the robot workforce. Should people fail to organise themselves thou, as DAO’s, or in any other form , the entire wealth produced would fall once again into the hands of the 1%.
This is in our opinion one of the most regressive ideas in human history.
Information:
Website: https://www.thegeomadao.com/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view
ANN: https://bitcointalk.org/index.php?topic=5216619.0
Telegram: https://t.me/geomachat
Twitter: https://twitter.com/thegeomadao
Youtube: https://www.youtube.com/channel/UCys4E09zDz9xjlyKiBZwr_g?view_as=subscriber
Github: https://github.com/Arthur267
Medium: https://medium.com/@thegeomadao
Linkedin: https://www.linkedin.com/in/geoma-dao-b0a612189/
Author
Bitcointalk username: palmet
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2602202
ETH: 0x4c9d2338eD2169DEb7481000aE746e2162fB33b7
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