kopia lustrzana https://github.com/bugout-dev/dao
made whitepaper dir, moved there whitepaper.md renamed it and stripped away not approved ideas
rodzic
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@ -10,6 +10,8 @@ from brownie import network
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from . import (
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from . import (
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abi,
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abi,
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)
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from .contracts import (
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Diamond,
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Diamond,
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DiamondCutFacet,
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DiamondCutFacet,
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DiamondLoupeFacet,
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DiamondLoupeFacet,
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@ -1,36 +0,0 @@
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# Moonstream DAO Whitepaper
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## Abstract
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## Implementation
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### ICO
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#### Initial Liquidity pool
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To ensure appropriate fair initial circulating supply of governance tokens released to a market, a mechanism of automated price discovery is proposed.
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In contrast with initial circulating supply being sold by one member of the community, automated price discovery mechanism is a way for DAO to sell its governance tokens directly.
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###### algorithm
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_Automated price discovery algorithm_ (APDA) is implemented and deployed in the form of smart contract.
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At the launch, this contract is supplied by DAO with a share of the community supply of the token.
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These tokens are locked for the price discovery stage, duration of which is set by DAO.
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Over the course of this ICO stage, Members of the community will be able to deposit ETH or MoonstreamDAO tokens.
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The ratio of ETH/MoonstreamDAO within the contract will fluctuate, but no swapping can happen and users will be able to withdraw the tokens they put in.
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At the end of the price discovery stage, all of these tokens will be used to create the ETH/MoonstreamDAO liquidity pool, establishing the initial price for the token at the DEX contract.
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DAO, and everyone who deposited ETH or MoonstreamDAO will then be able to claim liquidity provider tokens that track their share of the pool. These LP tokens represent _both_ MoonstreamDAO and ETH assets.
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Final result is as if everyone who participated swapped half of their deposited assets for another, collectively, at the same price.
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##### Benefits
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1. All this brings a decentralized spirit in, the initial liquidity will come from DAO itself and will be owned by DAO, and act with it based on community decisions.
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2. Neglecting the common price pattern of "pump and dump". When token price is initially priced too low, the price correction builds up a momentum, community members fear missing out and they continue to buy the coin until it is dramatically overpriced; This creates a bubble which eventually ends and those who sell at the top make profits of the many more who brought on the rise.
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In the APDA model unhealthy price discovery happens in a sandboxed environment where everyone shares the net result to establish initial coin price.
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3. Finally, this allows us to fundraise money more efficiently, because we avoid initially underpricing tokens.
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@ -0,0 +1,3 @@
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# Moonstream DAO Whitepaper
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## Abstract
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Ładowanie…
Reference in New Issue