DAOs- Special Attention Phuture
Phuture is a decentralised protocol built for the creation and investment of token based passive investment strategies in a Web3 environment.Phuture presents an open design philosophy for developing passive investment strategies, offering users with the tools to construct new indices or invest in ones that have already been built by the community.
What exactly are DAOs?
Rather than centralized treasury and choices, real decentralization places control and decision-making in the hands of the people.The optimal atmosphere for communities to come to power and decide their own faith collectively is one in which tokens are distributed among many individuals and decision powers are transferred to decentralized community voting.
A DAO is a decentralized autonomous organization.DAOs, to use a simplistic analogy, are firms whose bylaws are written in code rather than on a piece of paper that sits in some municipality’s file cabinets.
DAOs ensure that their objectives and mission are immutable since their governance and operations are encoded in smart contracts and decided by a community of DAO members.
They aren’t as opaque as traditional corporate governance, for example. Instead, DAO governance structures are completely visible and auditable by anybody with an internet connection, and its procedures are absolute law — until the DAO decides to change them.
Phuture operates as a decentralised autonomous organisation (DAO).This implies that they believe in collective decision-making. Each member of the community can contribute to ongoing debates, suggest new ideas, and vote on existing ones.Discord and Discourse are the two main platforms for discussion. Early ideas are typically formulated in Discord before being explicitly offered and discussed on Discourse.
Snapshot has been picked by Phuture to administer its governance functions. Snapshot is completely gas-free, which implies that no ether is required for producing ideas or voting on existing proposals. This removes all barriers to participation in governance, allowing everyone with an ePHTR to participate.
You must have ePHTR in order to engage in governance. By staking your PHTR, you can get ePHTR. ePHTR is a yield-bearing PHTR variation with governance. This means that your PHTR is earning interest while you hold ePHTR and you are qualified to participate in governance.To vote, you do not need a certain amount of ePHTR. However, you must have at least 75k ePHTR in order to create a new proposal.
Why DAOs are Important
DAOs are effective because they provide incentives and a solid foundation for thousands of people to organize themselves without the need for official roles or hierarchies. As a result, open source initiatives like cryptocurrencies can scale their operations considerably faster than a traditionally managed entity such as a foundation/non-profit or a corporation.
Phuture is a decentralised protocol built for the creation and investment of token based passive investment strategies in a Web3 environment. Phuture presents an open design philosophy for developing passive investment strategies, offering users with the tools to construct new indices or invest in ones that have already been built by the community.
For More Information:
Discord : discord.gg/frRD3Ck
Twitter : https://twitter.com/Phuturedao