Alongside the advancement of technology in this era, it can't be denied that the world is changing fast. Form the AI Robotics, Cars, Blockchain in economy, finance, environment. We sure need a way to keep up with it. One way to fight those problems using a Blockchain. If it used correctly using a decentralized method, Blockchain technology can help us to fight and change the outlook of the future. Geoma DAO uses that method. For more explanations, read along with this article.
Get To Know What Is Geoma DAO Community
First thing first, you need to know what Geoma DAO is. The Geoma DAO is a community that was founded out of concern for the worsening environmental, financial and housing conditions in this world. it can be said that the Geoma (Geo = earth, Ma= management) is a distributed network contributor that will generate steady and sustainable growth all over the world. It lives. Interact, and communicate via smart contract on the Blockchain.
The definition of this Geoma DAO is a community that governs autonomous and decentralized cryptocurrency mutual funds. The fund or the project's token is 100% up to the members. It also means that there is no centralized leadership in this community. While the members are the ones who govern it, it also means that it will give contributors certainty of their funds that won't lose or mismanaged. At the same time member can withdraw their fund.
Most Blockchains company use centralized governance, however, this community is a Decentralized Autonomous Organization (DAO) which see the future form the use of decentralized finance through Blockchain. The DAO is a way to create a shared economy and wealth in an easier transparent way. It means that the project is done in a socially conscious way. If the DAO is done and formed positively, then it can archive unimaginable results in the future.
The Geoma DAO Track Record And Future Plans
The community started in 2016 – 2019 with a research of many Blockchain projects. In September 2019, the GMD ERC20 token is made with the SEC Howey test. The Geoma DAO launch the website and the media channels in December 2019. In January 2020, the preparation for the bounty campaign and the android is started. While in February, the bounty started. From March to May 2020, the vote on the DAO usage and the first project is started.
The next plans in May and June 2020, the project implementation will be starting, the preparation listing, proposal and vote for the best IEO exchange also started at this particular month. While in June to July 2020, the plans are the IEO building community and structure. All the progress and the vote are done by the members. So, whether the project is proceeding or not, it all depends on the members' decision, vote and acts.
How Does the Decentralized Method Works?
How decentralized work? the answer is by using Blockchain technology. The Blockchain will help the individuals to be their own Bank. The money every member earned can be put to work more innovatively, so it will create more wealth and financial freedoms. This particular thing won't happen if you use a normal bank. The reason is that the middle person (bank) will take a share in every transaction that you do use your bank account.
For example, transferring money from your bank account to your friend using USD. The amount is $100. In 2 – 3 days, the money arrives at your friend's account, yet the money received is only $90. The money is lesser than the amount you sent. It is important to know that what happened in the middle of the process, is the $10 went to the bank. But if you use cryptocurrency, the money will arrive right away and the amount won't be decreased.
The DAO Projects Plans, Voted And Proceed By The Members
The DAO from Geoma works by proposing and voting on many different proposals of projects. The proposal comes from within the community. As it is said, the DAO projects from Geoma are split into two parts. The first is a real-world project and the second is web-based projects. While using the DAO method to brighten the future, the plans for the real world should revolve around the idea of the progressive Cash flow and innovative ideas.
The possible real-world proposal projects are making real estate, green energy sources, building medicinal cannabis, and vertical farming. It is due to the concerns of the deteriorating nature conditions and the housing condition. While the web-based project must be revolving the idea of decentralization method. It is about protecting ownership rights, personal data, VR educational game and OTC desk from Fiat/crypto/Fiat.
Geoma DAO Token Models and Certification
The token used for the DAO in Geoma is seen as a utility. The token is used to give the token holders the right to vote, propose and take part in activities within the network. The token distribution is 5 % representing for bounty, airdrop, etc. 1% representing to early contributors, and the 94% will be distributed to contributors. Approximately, 0.4 USD/1GMD is for bounty, 0,7 USD/1GMD after the bounty campaign, and 1 USD/1GMD for IEO price.
Along with the Geoma DAO token utility, the member also given a token for security and an ownership certificate. To ensure you about security, the certification will be equipped with Blockchain ID. It is due to avoid fakes, forgery or duplicated. The ID can be verified and always connected to the smart contract on the block explorer. This is also important since the buyer can verify the authenticity when the certificate changes owners.
Those are some information about the Geoma DAO, which is a community using a Blockchain technology that the governance is done by the members. This idea is known as the Decentralized Autonomous Organization (DAO) which gives members the right to having their bank and have transparent money management. At the same time, Geoma has some proposals for the web and real-world projects. So, it is safe and easy for you to join.
Ann Thread: https://bitcointalk.org/index.php?topic=5216619.0
Website: https://www.thegeomadao.com/
White Paper: http://bit.ly/39b0tYd
Social Media:
https://twitter.com/thegeomadao
https://medium.com/@thegeomadao
Youtube: http://bit.ly/2v2y73J
https://t.me/geomachat
Posted by kurniawan05
https://bitcointalk.org/index.php?action=profile;u=1187741
ETH: 0x3946bc29197BF793CB796243109b39b019c3fC00