Inspiration

Crowdfunding, Crowd cube and angel investments seem like great ideas but come with many risks and a bad incentive structure.

Current Problems

  1. The founders misuse the raised investments. Stakeholders are not protected.
  2. Not every scenario can be dealt with deterministically via a smart contract
  3. Community assets are controlled by a small number of people. Hence the power to change decisions is not distributed equally.

Our Vision

Our goal is to create a safe haven, and transparent community for investors and founders. We want to help invest in projects with a clear path to decentralisation and a clear use case for their token. We want to build a community-driven organisation that is clear about its roadmap and goals.

Why is Q really necessary for us?

  1. Q enables us to define guidelines as to how funds have to be spent.
  2. Enforces rules via the Q governance.
  3. Dispute resolution procedures.
  4. Penalizes by slashing of tokens in case of violations.
  5. Q allows us to outsource the governance system.

How we built it

We used React, Solidity, Metamask.

Challenges we ran into

  1. Understanding the key concepts of the Q framework and their constitution.
  2. Understanding the

Accomplishments that we're proud of

  1. Setting the right incentive structure for founders and reduce scams.
  2. Setting up the DAO smartcontracts to have proposals and voting.
  3. Building our own DAO constitution.

What we learned

  1. The current limitation of DAOs restricts proper organizational structures.
  2. How to leverage Q in order to build safer DAOs which actually executes the Q constitution.
  3. Building smart contracts for DAOs to work.

What's next for Accelerator DAO

  • Create a more user friendly interface
  • Onboard more startups
  • Get more investors on board

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