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ยท 4 min read

By Leo | NnsDAO Labs


DAO is a distributed autonomous organization, and the most important feature of DAO is to realize the normal operation and outreach of the entire organization through decentralization. In this process, the pass plays a linking and catalytic role, using the pass to link various sub-projects, while using its incentive effect to catalyze the external expansion of the project. It attracts more individuals and organizations to enter the ecology and realize the ecology without borders.

What is NnsDAO?

NnsDAO is a borderless organization, which builds a virtual reputation system belonging to the Web 3.0 era based on Dfinity, and builds and improves the ecology through different DAOs (specific projects). Different users explore and find their own value by joining different DAOn (unions) and DAOs (specific projects) to make collaboration and creation easier.

What is NDP?

NDP is a pass for NnsDAO ecology, which realizes the internal operation and external expansion functions under NnsDAO ecology through circulation incentive, holding vote, and investment dividends.

Circulation incentive function:**

The application scenario of NDP is very wide, mainly divided into the use scenario of NnsDAO ecological project participants and project creators created under the NnsDAO ecology.

As long as a project participant holds NDP, he or she can freely travel between various projects of NnsDAO ecology. NDP is the hard currency of the whole ecology and can be freely exchanged for any project tokens of NnsDAO ecology to buy any goods and NFT props of each project.

And as a project creator in the NnsDAO ecology, he can use NDP to purchase services of the ecology. For example, he can get a higher user cap by spending NDP to accelerate the project server; get huge traffic support by spending NDP to use ICPDROP for NnsDAO-wide ecological airdrop; get greater project exposure through NDP bidding advertisement and other services.

All of the above processes will consume a large amount of NDP, which will lead to an orderly long-term shrinkage of the total amount of NDP, and then the market supply and demand of economics will raise the price of NDP to a new dynamic equilibrium point.

Holds the voting function

User voting is required for everything from large NnsDAO ecological issues (destruction, additions, etc.) to the creation of a DAOn. Voting participants using NDP will receive additional rewards after each vote.

However, it is worth noting that the voting weight is determined by the reputation value and the NDP holding is not used as the only reference criterion. This eliminates the embarrassing oligarchic effect of large coin holdings from the voting process.

This also makes "You can be a boss, you just work for yourself, DAOs to earn." a reality.

Investment Dividend Function

One of the biggest plans in NnsDAO ecology is NnsDAO FUND, which is similar to the concept of the mother fund in traditional finance. A large percentage of NnsDAO's token distribution is used to support projects in NnsDAO ecology to achieve the "moon landing plan".

In return, the supported projects will pay dividends to NDP holders, which means that as long as you hold NDP, you will receive dividends from NnsDAO FUND investment; if you actively participate in the ecological voting, you can get the reputation value continuously accumulated.

You know, high reputation value will get more ecological rewards in NnsDAO ecology. At present, NnsDAO has proposed the concept of OG (meta), and OG will get additional rewards in various activities of the ecology.

In addition to the OG and ecological contributions that can accumulate personal reputation, NnsDAO also encourages everyone to create DAOs and carry out the layout of projects or ecology in the early stage of creation. Early users will be rewarded with ecological contributions, and 7% of the total contributions will support eligible projects at the beginning of the program implementation, and gradually start the community shared governance.

ยท 5 min read
Patrick Punk

By Punk | NnsDAO Labs

nnsdao nomos

How to better understand NnsDAO, what is its vision and ecology?

Throughout the history of blockchain development is a human history of continuous decentralization, starting from the birth of bitcoin in 2008, people have decentralized currency, to the emergence of ethereum in 2014 decentralized finance began to explode, and then to the back of the decentralization of the idea deep in people's hearts, people began to explore more areas to decentralize, and not only on the business level, even governance The emergence of DAO has shown people that a bottom-up management approach is possible. The emergence of public chains such as ICP has even completed the last step of this revolution: server decentralization. As a result, in the near future, a blockchain project will feature no principals, no office addresses, and even servers that are distributed across data centers around the world. Theoretically no one will ever be able to shut down the project again.

The project we are going to introduce today: NnsDAO, is a DAO-based WEB3 platform deployed on the ICP ecosystem chain.

DAO has become the representative of advanced governance model. Many DEFI and VENTURE projects introduce DAO governance by letting the community vote on the direction of the project, but the weight of the vote is calculated according to the number of tokens held. Such an approach brings two disadvantages.

  1. there will be the possibility that large users with more cryptocurrency holdings will completely control the development of the project, making the so-called democracy much less effective.

  2. Many users who hold coins are not sensitive to voting and do not care about the development of the project, but simply buy the coins and put them away, but never vote when voting, for such projects many DAO organizations will face the embarrassing situation that those who hold coins do not work and those who work do not have many coins. As a result, many motions are forced to be shelved because there are not enough votes to implement them.

For this result, DAO organizations are constantly evolving to solve this problem. Some DAOs have started to adopt the form of BLOCK voting: as long as one person votes for a proposal and no one votes against the proposal, the proposal can be passed, and if two people vote one for and one against, the proposal cannot be passed.

NnsDAO takes a different approach to build a virtual reputation system to solve the above problem. In the NnsDAO ecosystem, all users in the ICP ecosystem are encouraged to create a union (DAON) and a sub-DAO (DAOS) of a project on ICP. The more users contribute to a project or union, the more they are rewarded with NnsDAO's eco-currency, NDP, and an additional virtual reputation, NFT, which cannot be traded. Through this dual token system, we will see what kind of changes will be brought to the DAO governance model.

Imagine a scenario where a user is very active in Project A under the NnsDAO ecosystem and has made a lot of contributions to Project A. Everyone in the Project A community knows him and he has a lot of tokens and voting rights in Project A. But no one in the Project B community knows him. But no one in the Project B community knows this guy, and he doesn't have many votes or tokens in Project B. If he wants to build up his influence in Project B, he either needs to start from scratch or buy a lot of Project B tokens, but the emergence of the virtual reputation system can change this process. As a result of good performance in project A, the user will accumulate his reputation and get a virtual reputation NFT, which allows the user to have enough voice and voting weight in any project under the NnsDAO ecosystem. In this way, the real contributors of the community can continue to promote the progress of the project and the weight of the vote is no longer the number of TOKENs held by a single project.

NnsDAO has already cooperated with JDADAO, a Japanese developer organization, and JDADAO has announced that it will join the NnsDAO ecosystem to help developers who wish to develop on the ICP chain in the future. Many projects on the ICP chain will introduce the DAO governance model in the future, and as the first DAO protocol on the ICP ecosystem, NnsDAO ecosystem does not only position itself as a project, but also as a protocol that can accommodate various DAO organizations on the ICP chain. Judging from the layout of NnsDAO's ecological segment now, they are also working towards this goal. Currently, NnsDAO has ICPSCAN, ICPDROPS, ICPTREE, Universe, and ICPODCAS under its ecology. Users can play in NnsDAO, participate in the governance of the ecological projects, check various data on ICP ecology, as well as hold NDP can also receive airdrops of each project. People can also work and socialize by setting up DAON on it so as to truly realize social2earn.

With the development of blockchain, the techno-punks have finally established a decentralized kingdom. the revolution brought by WEB3 will undoubtedly be very far-reaching, and the emergence and development of DAO organizations will be the key to this revolution. countless DAO organizations may appear in the future to replace the corporate system for people to work and socialize. There may also be a situation where oligopolistic companies and DAO organizations co-exist, and no matter which outcome, joining a DAO organization is the most important thing you should do now.

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