Architec.ton DAO in Telegram

Table of Contents:

• What is a DAO?
• Main features
• Examples of DAO use cases
• Advantages and disadvantages
• What is Architec.ton doing?
• Architec.ton DAO goals

What is a DAO?

A DAO (Decentralized Autonomous Organization) is an organization that operates based on blockchain technology and smart contracts. All decisions in it are made from the bottom up under the governance of the community.

A DAO operates based on a set of rules that are controlled by algorithms in the blockchain. Unlike traditional organizations, DAOs do not allow one person or group to make all decisions unilaterally. Instead, everyone in the community is allowed to put forward ideas and vote on them.

Main features

• Decentralization: Management is distributed among participants rather than concentrated in the hands of one person or group
• Autonomy: DAOs are self-governing and independent organizations, depending only on the desires and ideas of the participants.
• Transparency: All transactions and decisions are recorded on the blockchain, making them open to scrutiny
• Participation through tokens: DAO members usually own tokens that give them a voice in decision-making.
• Automation: To formalize rules and automate decision-making processes, DAOs use smart contracts to clearly define the terms and conditions for executing agreements and managing assets.

Examples of DAO use cases

Investment DAOs. - Each member of an investment company has allocated $1,000,000, receiving a unique token to access the DAO. Now each DAO member can initialize sending a portion of the funds to some project, and the other members will support or reject the proposal.

Project DAOs. - Players of the developing decentralized Telegram Mini App have gained access to the DAO by the availability of specific tokens and can now vote for future updates of the game, independently regulating the vector of its development.

DAO Media. - The DAO media community regulates the publication of content in commercial blogs or channels of the project, approves the news plan and votes for the types of author's activity in blogs.

Advantages and disadvantages

Like any other product DAO has its advantages and disadvantages, which are worth talking about right away.

Advantages:

• No need to trust a centralized authority
• Reduced corruption and abuse through transparency
• Global accessibility for participation

Disadvantages:

• Difficulty in governance and decision making with large numbers of participants.
• Vulnerabilities in smart contracts can be exploited by malicious actors.
• Legal uncertainty in some countries.

Looking a little deeper, it is clear that DAO is the next stage of evolution in business. That said, it is inevitable, just as the transition to card processing and then to cryptocurrency was inevitable. If before you had to have a ton of documentation (now it is simply digitized), create a business bypassing a thousand instances, keep records in various programs, now you can make a revolutionary leap forward - it can all be translated into Web3! 

By filling out one simple form, you enroll a community of any kind and any complexity into the blockchain, managing it further on the basis of rules that are adopted in the clearest and simplest way - by voting members of the same community. Questions of trust and control over the actions of the community do not even arise now. They are all transparently prescribed in the blockchain and work like clockwork.

What is Architec.ton doing?

The project team will introduce a new section in ArcWallet that will allow projects to create their own DAOs with incrementally more complex mechanics. We will allow building entire companies with their own rules and structure, without using complex technologies and involving large teams.

Architec.ton DAO goals

Telegram is the best messenger today. The TON blockchain allows the application not only to stay at the top of the world's companies, but also to set trends in the world of technology and innovation.

The main goal of our team: to show society that the future has already arrived. To gather from the projects of the Architec.ton ecosystem a successful example for attracting new businesses and ideas to Telegram. - Win-Win philosophy

How much does it cost?

At the very beginning of our journey, we carry fire like Prometheus, and it is important for us to show the effectiveness of our idea. That's why all basic features of DAO will be absolutely free and available to every ArcWallet user.