Inspiration

There are a few DAO tools in the IC ecology and a lack of DAO management tools, existing financing tools cannot manage the use of funds projects raised. DAO World wants to protect investors and nourish projects.

What it does

  1. Create a DAO for the project within the project introduction, official website, social media, raising target, release time, release rules, and other financing information.
  2. Invest in projects, transfer, lock, and claim ICP.
  3. Release ICP in accordance with financing rules.
  4. Supervise and accomplish the proposals in DAO.

How we built it

  1. Sort out the application scenarios, list what problems we can solve
  2. Build a backend canister to deploy the asset receive, transfer, and claim rules.
  3. Build frontend canister to display and upload.
  4. Build a picture storage canister.

Challenges we ran into

  1. There are few DAO projects on the IC, and there is not much to learn from.
  2. DAO's proposal may not be implemented.

Accomplishments that we're proud of

  1. Temporarily use manual review of the project's on-chain assets
  2. Solve the relationship between investment and voting power without tokens.
  3. Supervise and accomplish proposals on Daoworld, such as team members, project name, and the financing process.

What we learned

  1. It's important for DAO to own canisters, not only do project creators hold the canister for functionality and composability.
  2. It's important to have a token standard and let the DAO hold the tokens.

What's next for DaoWorld

  1. Manage the audit mechanism through a special DAO (IDO.DAO).
  2. Solve the problem of token issuance

Built With

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