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Author Topic: DAO& DeFi for TAUcoin  (Read 243 times)

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Offline Muxa84

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DAO& DeFi for TAUcoin
« about: September 02, 2019, 05:19:19 AM »
Hello community TAU!

I propose to discuss the question of collecting information from the community TAUcoin.

How do we see a community-driven DAO?

First it should be a section in an existing App or a separate site or app? If this is a section, some of the questions can be removed. If this is going to be a separate site, then we need a browser extension to connect to this site. You will also need an API to write this extension.

There is a question of smart contracts that will regulate the offers that come from the community. I propose initially to use Iost as a basis for writing smart contracts. Why IOST you ask, Yes, simply because the iGAS in the blockchain IOST restored and the transaction fee is minimal. Learn more about iGAS and iRAM here.https://medium.com/iost/what-are-igas-and-iram-learn-how-you-can-utilize-the-iost-network-8fa30f7362ff

We need to define some rules for managing DAO. Here's what I suggest for a start:
Rules of The DAO TAUcoin.
1.No one can access the private key,everything will do by  smart contract
2.Everyone can donate to this account
3.When spending Money,There should be an Vote
4.Voters are those donors, and each personís weight will be determined by their contribution ratio.
5.Those who did not vote are deemed to have abstained
This is basic, we can add or change according to the opinion of the community.

What do you think about this?
« Last Edit: September 02, 2019, 05:29:33 AM by Muxa84 »

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DAO& DeFi for TAUcoin
« about: September 02, 2019, 05:19:19 AM »

Offline imorpheus

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Re: DAO& DeFi for TAUcoin
« Reply #1 about: September 02, 2019, 07:38:59 PM »
We will like TAU community to share the potential profit generated from Long Crypto Defi.
1. TAU mobile block chain will be the voting chain. This make us low cost voting chain comparing to to other blockchain.
2. The initial split of profit will be 2:8; 20% giving to all TAU members, 80% going to public Long Crypto stable coin investors. This is typical private equity funds operation structure.
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

Offline Muxa84

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Re: DAO& DeFi for TAUcoin
« Reply #2 about: September 03, 2019, 10:39:30 AM »
How will the voting system be implemented in " Long Crypto"

Only the TAU community cannot vote, just as only investors can vote.
If we use an 80/20 ratio then the votes should be divided accordingly.
For example a common pool USDC equal to 1 million. 80%
The total pool of TAU. 1bn. 20%

Here will remove the inactive voice count.

You can still try the blocking of funds at the time of voting.

You can try to enter a rating, but it can spoil everything. Need to test.

Offline Kriptolab

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Re: DAO& DeFi for TAUcoin
« Reply #3 about: September 03, 2019, 12:57:38 PM »
Well, this DeFi DAO seem to be good but new to most of the TAU community members, even including me, but after reading this article  I came to get some good interesting ideas about DeFi, pla have it for a read:

A very good explanations about Long-Crypto Protocol, by TAU Foundation Team

 https://link.medium.com/0VI6V2nJBZ
📌Kriptolab📌 
🏆TAU - True Asset Unit || The Decentralized Coin || An Experimental Proof of Transaction Coin On Mobile Mining || POT🏆

Offline Muxa84

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Re: DAO& DeFi for TAUcoin
« Reply #4 about: September 03, 2019, 03:22:08 PM »
A very good explanations about Long-Crypto Protocol, by TAU Foundation Team
Great article, I'll agree to an ETH smart contract. I wanted to go and look at the trading volumes of USDC / ETH. Uniswap, unfortunately the site is unavailable. If there is a large flow of funds USDC in DAO, for the purchase of ETH will leave 70% of the USDC, thus the purchase could trigger a PUMP, and the relief could trigger a DUMP. How the SART contract will be able to regulate the price of buying and selling?
For tests of course can be try.

I propose to consider this decision https://docs.renproject.io/developers/

Me some obscure paragraph 2.7 "DAO community and TAUcoin". USDC investors are not taking part in the voting process?
« Last Edit: September 03, 2019, 03:39:19 PM by Muxa84 »

Offline Kriptolab

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Re: DAO& DeFi for TAUcoin
« Reply #5 about: September 03, 2019, 07:48:46 PM »
How will the voting system be implemented in " Long Crypto"

Only the TAU community cannot vote, just as only investors can vote.
If we use an 80/20 ratio then the votes should be divided accordingly.
For example a common pool USDC equal to 1 million. 80%
The total pool of TAU. 1bn. 20%

Here will remove the inactive voice count.

You can still try the blocking of funds at the time of voting.

You can try to enter a rating, but it can spoil everything. Need to test.
Will TAU  foundation team participate in the long crypto?
📌Kriptolab📌 
🏆TAU - True Asset Unit || The Decentralized Coin || An Experimental Proof of Transaction Coin On Mobile Mining || POT🏆

Offline imorpheus

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Re: DAO& DeFi for TAUcoin
« Reply #6 about: September 07, 2019, 05:50:34 PM »
I will personally use Long Crypto as my investment tool into eth for sure.
In terms of renVM, my questions is that where does it store receiver BTC private key. I think this is the key reason that DEX are not really DEX for cross chain. ERC20 DEX all happening on eth, could be consider real DEX. That is why i am more bullish on eth native long crypto for now until the cross chain technology really emerges.
Therefore the idea is that we currently only do native chain investment on eth for now, future will extend to eos or stellar, etc.
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

Offline Muxa84

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Re: DAO& DeFi for TAUcoin
« Reply #7 about: September 08, 2019, 12:40:20 AM »
How do you feel about using POWER when voting, rather than a large number of coins.

Offline Trypto

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Re: DAO& DeFi for TAUcoin
« Reply #8 about: September 10, 2019, 02:31:46 PM »
This is interesting. But I'd rather "Long" in bitcoin or TAU but not in ETH and other coins. They look so dead to me.  They only move when btc moves and dumps so hard when btc drops even $100.
I'll be more positive longing btc and TAU only.
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