DAO1 is a community-led socio-economic blockchain infrastructure project that encourages innovation and promotes financial independence through a suite of specialized products and services. As we ensure transparency in our operations from early on through decentralized governance, we are striving to reach out to the community to explain the project and its benefits.
We are reaching out to a broader community to make them understand what DAO1 is all about. As a part of this initiative, our team continues to interact directly with the crypto community over various channels including AMA (Ask Me Anything) sessions conducted by some of the reputed cryptocurrency and blockchain communities and groups on different platforms.
On April 28th, 2021 at 1 PM UTC our team members interacted with the members of BOSS Crypto Community on Telegram. The 33K strong community asked a variety of questions about DAO1 and as always, the DAO1 team left no stone unturned to clarify any queries, doubts or apprehensions one might have about a relatively new player in the crypto sector.
We have published an excerpt of the AMA session with responses from DAO1’s Adrian Niculescu, Francesco Dell’Agata and Leo Georgievic.
BOSS:We want to learn more about DAO1
Adrian Niculescu: DAO1 is a community-led Decentralized Autonomous Organization, governed by true democracy.
In other words, a decentralized socio- economic platform with innovative financial products for the community.
Francesco Dell’Agata: To add to this, we ensure that our community members are placed at the heart of the strategy. All of our decision-making powers are given to the community, as a Team, we trust YOU all to use your voting rights to make the right decisions for the project. DAO1 is bringing DAO1 from day 1, most of the function will work on DAO, where the community is the one and only decision maker.
BOSS:Can you list some of your exciting features of DAO1?
Francesco Dell’Agata: We have a set of core features, which we will release and continuously improve throughout the rest of the year.
Offering an on-chain governance system, where the vote of the community counts 2–1, where 2 DAO1 tokens count towards 1 vote on the DAO1 platform.
The Decentralized Fund (DeF) with Hybrid Advisory.
Crypto Venture & Startup Fund
Charity Collectable NFTs
International Hackathon for Developers
Adrian Niculescu: The goal of DAO1 will be to provide all the aforementioned features without compromising the safety and privacy of their community members.
BOSS:Looks like, Community is big part of DAO1
Adrian Niculescu: The community is everything at DAO1. DAO1 unfolds into a project entirely run by the community
Francesco Dell’Agata: DAO1’s governance model will be entirely led by the community
Leo Georgievic: By the Community For the community Mantra
BOSS:Ha-ha, Great. Fully community project 💫
What’s your Aim in this crypto space?
Francesco Dell’Agata: Our Infinite game plan, and I do say infinite because its goal to not reach one goal, but to keep striving and evolving as things around us evolve at the speed of light, is to reach full potential and become the flagship for the new innovative projects in the crypto space.
The biggest potential as we currently see it is of course that DAO1 will be the flagship for this new wave of innovation in the crypto space. I think the potential is very big in terms of what can be achieved when a truly community-led ecosystem has the chance to not only prosper but also to give members financial freedom and tons of benefits from the best features of the crypto world and Defi Space. During 2021 we will be focusing on achieving our goals set, our pillars in our roadmap to be reached and also to surprise the audience with new and interesting approaches to achieve value through a fully decentralized platform.
We aim as well towards reaching our milestones which will be the sale of the DAO1 tokens, launch on Uniswap and other exchanges, and the rollout of features, such as staking, farming etc.…This is the initial phase that we can disclose now.
BOSS:Is your token Launched?$DAO1 ?
Leo Georgievic: Stay tuned as this will happen soon!We will announce this on our channels
BOSS:So, Will be there a token sale ?
Francesco Dell’Agata: There will be a token sale launch on Uniswap, but we will announce via our official channels. We will also announce more exchanges soon after, where we will launch. keep an eye out for news!!
BOSS:Sure, Let’s move to the next segment. In this segment, 5 best questions selected from Twitter will get answered. Here’s the first one
Many new projects made a good impression at first, but soon disappeared by deceiving their investors. For this reason, there was distrust in investors. What are your characteristics that can give investors’ confidence?
Leo Georgievic: I think everybody is responsible for the funds available for investments but there are few things that can show that the project is serious. Of course, in the investments world, everything you do has a certain risk level, the secret is to manage risk so what are you doing to also create a positive return on investment. First, analyze the team, check them on Google, connect with them on LinkedIn & even communicate to them to see if they are genuine or not. Study what other projects they were involved with and which were the results. Next, look at the practical applicability of the project in real life and if there are the fundamentals for the project to stay in the market or not. Also, look at the project’s partners. In DAO1’s case, the team is experienced, with other successful projects in the portfolio and also DAO1 has practical applicability since the beginning. It aims to create both a safe and secure financial ecosystem while also investing resources in developing a new generation of startups. You always have to perform due diligence until investing, take the learning curve by learning as much as possible about the industry, the project, and you will be able to make better and better investment decisions.
BOSS: Can you tell us more about the selection process for independent artists who want to sell an NFT? Do you select any artist or what requirements must be met?
Francesco Dell’Agata: Sure. Through DAO1 we want to allow artists & creators, in general, to support charities by monetizing their work in the form of NFTs. We are both contacting artists who are supportive of such missions & at the same time while in the pre-launch phase, due to our communication we are approached by others. First, they need to own the rights to the art — music, video, photo, digital drawings or else they want to transform into NFTs. Next, to want to donate the proceeds from the sale to their favorite charity. We intend to work both with big & small artists, we are mainly interested in the quality of their work which will be reflected in DAO1’s community feedback.
BOSS:Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to Your platform and keep them long term?
Leo Georgievic: Our strategy here is to stay ahead of the game. Many projects are solely driven by hyping something up and then they often later lose members and investors…For the community side we will center all around the community so the engagement will be constantly growing and adapting.
We will stay alive and grow organically through a series of carefully planned and scheduled PR and marketing activities. Those are e.g.:
AMAs every week
Weekly Interviews with core team
PR regularly on various crypto outlets
Influencers Reach-out and shoutouts
Regular Quote/mentions from core team
Partnerships with Medias, Groups, Community and Exchanges
Medium articles every week regarding DAO1
Keeping Community updated on all Channels ( Twitter, Facebook, Telegram, LinkedIn, Reddit
Banners Ads on major crypto website
Guerrilla marketing in other telegram groups
Paid social media marketing and influencers to gain interest and grow potential audience.
Of course, nothing is written in stone so many approaches we will be flexible about and gather new strategies as we go along.
One thing is for certain though: We have a real viable project here and I’m confident that things will run well enough for the existence of the project to generate PR on its own
BOSS:Many projects focus solely on selling tokens rather than making a real contribution to the blockchain world. Will DAO1 really fix a problem?
Adrian Niculescu: We also want to educate the market in the process of growing DAO1.
Leo Georgievic: Well, apart from placing many of the core and interesting features under one roof, we do provide easy access to financial solutions such as a fund that is difficult in the real world for most people. Not everyone is looking at placing 200K USD in a large fund, hence we give the same advantages for the benefit to ordinary people like ourselves. Another real-world problem is the missing bridges we seek to build up. E.g., Many capable and good developers don’t have a voice and ability to create a big impact and get heard. We strive to fix this through our hackathon initiative. Another bridge is Charity and Decentralized Finance. We seek to try and be the flagship for this kind of charity projects with NFTs instead of purely promoting speculative trends in this area.
Also, we will have a VC fund allowing all kinds of participants regardless of wallet sizes to get the full advantages that one gets through fund investment. Something not everyone can afford.
Deepjain: Token selling is not the object, community building by way of hackathon and free masterclasses also DAO1 is doing .
BOSS:Why DeFi? Do you think decentralized finance can outperform centralized financing? What are the DeFi values of DAO1 ?
Francesco Dell’Agata: Not only is DeFi taking a more and more important role in the financial sector, it removes intermediaries, thereby giving the participants a more transparent flow of transactions and costs. Basically, we are a Decentralized Autonomous Organization with Governance from Day 1,we are practically a DAO including a lot of DeFi features and interesting services.
Again, we are not to be examined in comparison with solely other DeFi projects. We are a truly decentralized autonomous organization running on a decentralized protocol but have socio-economic characteristics.
The DeFi values are in short, our decentralized protocol structuring, our upcoming Decentralized Fund (with hybrid advisory) and other DeFi features you would normally see in a DeFi project such as staking farming etc., But what makes us confident in deliverance is that we made the Governance from day1 our Cornerstone in building this project from zero and up! From a decentralized perspective you can use many of our services under one roof.
The DAO1 team also answered many questions sent by the BOSS Community members
BOSS Community (username: iffh sfnd) :DAO1 encourages innovation by organizing online hackathon. Any special requirements to involve at?
Adrian Niculescu: Thank you for the question. We encourage team & startups from all over the world to participate. Stay tuned for the application info. The aim of hackathons is to create product & services that will help DAO1 advance as a platform.
BOSS Community (username: Erven James Sato):How can I support your project? Where can I always follow you?
Adrian Niculescu: Go to https://dao1.org, learn about the project and will find all social media accounts to follow. Thank you for the support.
BOSS Community (username: Sreet Winner):What is your status regarding the audit of your smart contracts and security mechanisms to protect and assure the participants of the ecosystem?
Leo Georgievic: This will be disclosed in the near future and you both have access to see Smart contracts, Audits, and security mechanisms will be announced on day of Platform launch
BOSS Community (username: Bd Nazmul): What makes you feel confident about the survival & sustainable success of your project in the near future? While you build your project, do you take into account community feedbacks and demands?
Adrian Niculescu: Thank you for the question. All decisions will be voted by the community. DAO1 will be entirely run by the community.
BOSS Community (username: Kheya Ba): How do you keep yourself motivated for more developments and non-stop work in this Covid-19 pandemic ?
Leo Georgievic: We get a magnificent amount of desired attention and positive feedback! Thank you all for it!
BOSS Community (username: Kaido):Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project??
Leo Georgievic: Absolutely, we will post this info when deploying foreign language chat channels and website and whitepaper
BOSS Community (username: Shihas):Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not, can u tell us, what makes your project different from other projects?
Francesco Dell’Agata: We don’t promise magic from day 1. We have an agile way of working, but we will never say we’ll deliver the moon on day 1. This is why we have a clear roadmap ahead of us, reaching out beyond 2021. We opt for a level-headed approach. We have a clear plan, schedule and will ensure we will have a great DAO1 platform with dashboard, showcasing all of our features as they are released. We will soon reveal many of the features in more detail in regards to how it will benefit the community and help all community members strive for success!
BOSS Community (username: Poweful Question): There are crucial things that help a project success, but AMONG :
THE TOKEN PRICE
which of them do you consider most crucial for your project. ?
Leo Georgievic: COMMUNITY
BOSS Community (username: Riya Baby): Most projects have to go through certain difficulties and challenges, what difficulties do you face and how do you overcome them?
Leo Georgievic: Of course, trust is one of them. We overcome it by keeping our promising, making due deliveries and deployment and constantly strive to deliver the best for the platform and community .
BOSS Community (username: Ram):Does your team have only 4 members as mentioned in the website? Or more working behind?
Francesco Dell’Agata: We have a team of over 15 people, most of our core and non-core developers are spread across the world. You just don’t see their faces, but they are behind the scenes working hard with the rest of the team. What you see on the website or whitepaper, in the team section, are only a few of the great people working on this amazing project!
The AMA with BOSS Community turned out to be a successful and satisfying session. DAO1 will continue to reach out to as many people as possible through future AMAs and forge a direct connection with the community.
Check here DAO1’s whitepaper for more details on the features & the project’s roadmap.