RADIAN DAO
What is DAO
The governance of the RADIAN ecosystem will be in a Decentralised Autonomous Organisation (DAO) structure. DAO refers to a structure in which community members who hold governance tokens have a stake in the organization. The structure should be designed carefully in a way that the governance is an outcome of the collective decision of the community members instead of a selected few.
There are many of the DAOs these days that are not truly decentralized. Especially when the voting outcome is not binding. I.e. a DAO in which the fund resides in a multi-sig wallet and only a few members have control of it. Please see this article for a disastrous case.
To this end, two questions are raised:
How can governance/voting be achieved?
One potential solution is to use existing solutions for this purpose. An example is Snapshot. However, Snapshot voting is non-binding, the binding version should be investigated. Please see the link here. The voting result off-chain should be immediately executed on-chain.
DAOStack seems to be an alternative approach.
We may also incorporate the RADIAN DID in the process.
How can sufficient decentralization be achieved?
Just like all projects, tokens are initially concentrated in the hands of the founders, investors, and early contributors. It is reasonable as these people have made substantial contributions and risk-taking to make the project successful. However, once the project has taken off, there should be a plan to redistribute power/tokens back to the community.
RADIAN DAO - Scalable Infrastructure Ecosystem
0.01 MATIC / 0.0002 SOL will be charged when a user interacts with RADIAN smart contracts. 2% Royalty will be charged if the content is turned into NFT and sold.
20% of the charges will go to RADIAN LABS for operations and maintenance.
80% of the charges will go to RADIAN DAO as income.
The community will be voting on the distribution of the DAO income:
Airdrop to RADI holder
Buyback
DAO Treasury for future use.
The DAO aims to create a scalable ecosystem that would be beneficial to all parties. Funds will be used to incubate layer 3 dApps and to motivate Contributors to further develop the infrastructure by default.
To create a truly decentralised DAO, Users will be able to social-to-earn $RADI when interacting with RADIAN smart contract.
Since RADIAN has a solid revenue model:
RADIAN DAO will be funded abundantly.
Infrastructure will be developing rapidly.
More layer3 dApps will be incubated.
ROI from successful dApps.
More income to RADIAN DAO.
A virtuous circle will be created, forming a healthy ecosystem which is deflationary and rapid growth.
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