Bankless DAO is a decentralized community to coordinate and propagate bankless media, culture, and education. Its goal is to drive adoption and awareness of truly bankless money systems like Ethereum, DeFi, and Bitcoin. It achieves this goal through the collective participation of its community.
Ever thought of eliminating the commercial and central banks from the financial ecosystem? Well, Bankless DAO has the mission and vision for the same! Bankless DAO is a decentralized autonomous organization that coordinates and propagates bankless media, culture, and education. The primary objective is to promote adoption and awareness of truly bankless money systems like Ethereum, DeFi, and Bitcoin.
It is a DAO that acts as a steward of the Bankless Movement progressing the world towards the future wherein greater freedom would exist.
A decentralized autonomous organization that acts as a steward of the Bankless Movement progressing the world towards a future of greater freedom.
They believe that with the invention of Ethereum and the subsequent crypto-money system, banks will become an outdated model for money management in the modern world and the blockchains would assume their position quite efficiently. Thus this would reduce our reliance on central banks and commercial banks.
BanklessDAO is the organization behind the Bankless brand. The Bankless is the mandate which acted as a centralized media outlet; it has now been handed to the BanklessDAO. Together, the BanklessDAO community collaborates to create user-friendly onramps for people to discover decentralized financial technologies through education, media, and culture.
Bankless is a movement for pioneers seeking liberation from the tyranny of the traditional financial system. It hails from the collective conviction that going bankless is a journey towards achieving freedom, self-sovereignty, security, prosperity, and financial independence.
Going Bankless means adopting decentralized, permissionless, and censorship-resistant technology.
Community building is one of the most crucial parts of a DAO. Gaining support and enhancement of the members in a DAO depicts the success rate and arouses the interest of people. in becoming a part of the DAO.
Bankless DAO has more than 5000 members. This clearly portrays the popularity of the Bankless DAO. Moreover, the engagement rate and the consistently knowledgeable discussions is another appreciable point in bankless DAO
Anyone in the DAO can be in one of two positions: Member and Non-Member
Non-Members are also known as Participants. Their role is to participate. Members have four roles
Here’s how to join and participate to become a member in the genesis season of the Bankless DAO.
Contributor has a special status in the DAO. It is not a hierarchical position with direct power over others. Rather it is a comprehensive role that you assume. Contributors are community members that have created something of value for BanklessDAO through their hard work and passion. For being a contributor, some of the reasons are-
You can claim your BANK by visiting the Bankless DAO website . You can begin participating in Bankless DAO today if you have a Bankless Badge.
To qualify for a BANK claim you need to have:
BanklessDAO was launched on May 4th, 2021 by the company bankless. On this day retroactive allocation of BANK went out to those that have already participated in the bankless community. Here’s the genesis distribution:
On may 7, 2021 the banklessDAO voted on its first proposal, which went to allocate 25% of the Genesis Treasury to Bankless LLC (the incorporated company that owns the BanklessHQ brand) over a vested period.
The voting mechanism is a vital element of every DAO. This helps to apprehend the diverse opinions of the community members. The BANK renders the right to vote on governance proposals. All the proposal’s brainstorming, discussions, and signaling occur in the Discord’s #proposal Section. You can monitor any new proposals that move to an on-chain Snapshot vote in the #snapshot-votes channel. Here, DAO communities evolve the governance into the most optimal system.
Here’s how to vote:
Here, we will discuss how novel initiatives are proposed. Initially, governance proposals begin as discussions in the #proposals channel or through ideas generated on community calls. From there, any good initial ideas and initiatives can be shown support by reacting to the message with a 🔥 emoji along with an encompassing discussion.
If there’s a significant amount of support or discussions around the topic, the author(s) can draft up a more formalized spec. Once written, a moderator will open up a specific channel for that discussion, signaling, amends, and more.
Now, let's discuss the project. Projects are the initiatives organized around specific outcomes that benefit the DAO. Some prominent features of the project include-
Getting feedback from DAO members is of utmost priority. This would not only save you from wasting your time on ideas that won’t receive support, but also because feedback from a diversity of individuals will improve your idea to the best it can be. You can also poll for community feedback.
This is an intermediate step that stands between brainstorming and the formal consensus check. The formal consensus check has rigorous requirements in order to maintain accountability and clarity. Going from brainstorming to formal consensus will be a challenge. This step sits in the middle to make sure the authors are on the right path.
After you have successfully gone through the informal consensus check, you have received feedback, and scoped out work you are now ready for a formal consensus check. Having made it to this step signals to the community that your proposal has some serious weight to it and should be comprehensively considered.
Formal consensus checks will happen in a separate forum category
Once your proposal has been formally checked, it is ready to be submitted to the Grant’s Committee for funding.
Ryan Sean Adams- R. Adams is a Crypto investor. co-Founder of Bankless and a member of Bankless DAO. Ryan Sean Adams is the Founder of Mythos Capital, an investment company that holds crypto assets and services crypto networks. Adams lives in Charlottesville, Virginia. Adams is a graduate of Brock University, where he majored in Business Administration.
Check out his Twitter handle- https://twitter.com/ryansadams.
David Hoffman- David Hoffman is the co-founder of Bankless, a podcast and YouTube channel focused on education on how to live a life without banks. David is the former COO of RealT, the first and largest tokenized real estate platform, as well as the Co-Host of POV Crypto, a podcast focused on debating and dissecting nuanced conversations between Bitcoiners and Ethereans. In 2020, he helped to accumulate over 15,000 followers for Bankless.
Check out his Linkedin profile- https://www.linkedin.com/in/david-hoffman-326945160
Members and roles - https://www.notion.so/Members-and-Roles-bbeb95867a684ef3a96ee1862b35e5cf
Bankless DAO substack article - https://banklessdao.substack.com/p/state-of-the-daos-0-oct-6th-2021
Bankless proposals in Snapshot - https://snapshot.org/#/banklessvault.eth
Joining guilds - https://www.notion.so/What-are-Guilds-and-How-do-I-Join-480beb1cdd35401d97b6d93ef6cf46ec
FAQ section - https://www.notion.so/FAQs-29353e63e864411aabc0061d04906c16
Discord Votes (Consensus Level = Gauging DAO Support)
Discourse Votes (Consensus Level = Confirmed Support)
Snapshot Votes (Consensus Level = DAO Approval)
Wiki link- https://www.notion.so/bankless/Bankless-DAO-82ba81e7da1c42adb7c4ab67a4f22e8f
Forum Link- https://forum.bankless.community/
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