An overview of IDAVOLL NETWORK : DAOs for parachains

An overview of DAOs

Let me start by introducing the concept of DAOs which all of you probably know, but just as a reminder. So what DAO is first of all, it exists on blockchain so all value stay on chain. By the way what if DAOs is physical assets, it's an open question.

• DAOs are not dependent on centralised authority so they're permissionless to launch.
• They governed by smart contracts, and they are ruled by economical mechanism solving coordination games Idavoll network is the automatic system of creative control in DAOs on polkadot.
  

  What does this mean

  
  

So, we are a cross chain protocol, meaning different blockchain ecosystems can meet and interact with each other on either form. So, any Ethereum based defi can run, it's heavy governance process on the Idavoll network through the polkadot bridge chain. This is the innovation we're bringing into the world. This has not been possible before the launch of polkadot, Kusama and substrate.

Basically here you can see the following. So, as you know, in the Idavoll is compatible with the pallets of substrate, it ensures high performance stability and security, Idavoll network and what it means for us, same levels of security and decentralisation as your main protocol. You might know such product is snapshot. It's analogue of aragon and Ethereum so basically takes governance off chain, but it is a centralised version so it has only signalling effects on the main net. While Idavoll network, If the decision is being taken on polkadot can be executed everywhere on Ethereum on Cosmos on BSC.

Our roadmap

This is something that we're proud of. Here is the roadmap of our development. As said, we started working on Idavoll over 2020. We are proud to have been received the web3 Foundation grant in December 2020 launched our token sale in 21 February, and now we're basically waiting for the polkadot mainnet to launch, we have not been taking part in Kusama auctions, mainly because our audience is in Korea, where KSM is not the most popular currency. So we are waiting for the polkadot launch and then you will see our MVP on chain, Idavoll court is one part of our demo, which will be launched later.

This is basically the description of our roadmap so we are right now in the phase one

Snapshot of DEMO

here are a couple of snapshots of our product is a demo. So here, basically you can start by creating a DAO And let's step back on one second.

What kind of DAOs can you actually create?

Some of them are governance for the protocol so all the big protocols uniswap,compound 1inch, they have executing shareholders voting code or snapshot or their own system. Basically, it is convenient to outsource your governance. I think compound governance self assurance Ethereum world, we're serving in all universal blockchains.
Secondly, DAOs are public good companies, polkadot is a DAO itself validators and nodes are governed by consensus,third this is on chain, such as LAO,Meltacate DAO etc. So all kinds of DAO organisations can be created with us.

Here basically you see that Idavoll network consists of three basic pallets: token model, voting model and finance model. They are like a constructor. So you can assemble from these three parts as your ongoing organization take any decision in it. So our focus is ease of use. As you know Aragon is a great tool but it's quite complex, you cannot use it without solidity knowledge.

On the other hand, Idavoll payment, allow you to be the organisation in one to three clicks, without even touching the code line.

How does Idavoll Network work?

This is how we work. The concept is the following. Once the voting is being generated in the voting model, a token is, which is going from token model to voting model. And then finally when decision is taken, it triggers some action and finance module usually the transfer of funds from one member to another one, or from one protocol to another one.

This is a closer look at voting model. What we can see here is the following, active best votes. And here, as a reminder, we allow three voting types in Idavoll, three main voting types shows if you create a company with a DAO, one vote is one vote is one rule, right. Another type is the weighted voting, so the more reputation tokens, the voter holds the more votes, it becomes input is based on the pure merit,the amount of tokens in possession.

Basically this is something which I explained really the DAO voting process.

the token module

So the token module controls the issuance, transfer and redistribution of DAO tokens. Every decision on token supply is based in a decentralised manner with regard DAO governance rules.

So basically, it is used for deposit, withdraw and transfer of DAO funds.
Using finance module DAO invest in new products, and in particular is a friendly reminder octopus is a good relative of the Near protocol which we both like and admire. So on Near protocol, there is a DAO system called SputnikDAO, It was initially designed for the financing of different initiatives, research initiatives on blockchain development. And this is a very close analysis of our finance model. So basically the unit which allows you to distribute funds to the organization's you like, to the members you like, and to finance other operations.

NFT DAO

This is something we will launch immediately after our start. It is called NFT DAO and it's a example of what can be done so, the DAO can be a prediction market protocol, DAO can be lending protocol, and finally the DAO can be NFT auction, and we are launching is one of the showcases of our powerful tools for users to click on and see how it works.

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