INTRODUCTION
So goes the saying, 'the rich keeps becoming richer, as the poor...poorer'. This has been the case for many generations. The fortunate or smart persons who get rich keep finding means of acquiring more and more wealth to themselves. This is an imbalance with a big difference or gap that never stops widening; having a negative effect on the standard of living of the masses. There is need for a wealth acquisition control scheme or something like such, that is free, full of fairness, and very considerate. There is need for a more transparency and concern for our economic system in terms of the finances of the average citizen. Without an effective 'check' on this rich-poor paradox, ruthless actions by some rich persons, organizations and firms will prevail, increasing rapidly, as this parties' desire for more wealth increases too. Well, ...some steps have been taken on this issue over the years but with small or no effectiveness.
Block-chain (technology), if properly utilized, can go a long way in controlling this issue. Nonetheless, this same technology can be used by these ruthless, greedy, wealthy parties to oppress the masses the more, if they can get hold of it. So, we need to be very careful and thoughtful about this issue. (A big economic difference between the wealthy and impoverished).
So, which way to go? GEOMA-DAO!
GEOMA-DAO: DE-CENTRALIZED AUTONOMOUS ORGANIZATION
GEOMA-DAO or DAO is believed to be a real solution to this global, economic challenge. DAO is utilizing the power of block-chain and De-Fi (De-centralized Finance) in ensuring and establishing a transparent, de-centralized/shared economy. Wealth, workers and their well-being will be managed and organised in a thoughtful, considerate, and fair way.
As an organization, DAO requires that those who wish to become their member have a certain level of orientation or knowledge and boldness. Every member is a contributor to the system and is entitled to benefit from the cash flow and rewards.
RELEVANCE OF DAO TO DE-FI, BLOCK-CHAIN
DAO will work based on the practical applications or uses of block-chain and De-centralized Finance (De-Fi). In other words, DAO is making block-chain and De-Fi more beneficial, more applicable and more universal.
In addition to what block-chain and De-Fi are already doing via various problems-solving projects, DAO eco-system, if constructed well, will mitigate many more issues and bring about the achievement of many outstandinf, unbelievable things for people both individually and collectively.
Furthermore, because DAO is combining De-Fi and block-chain, it makes them (together) more powerful and potent.
DAO will encourage and assist many other companies in utilizing block-chain and/or De-Fi by serving as consultants and partners to these organizations, and ensuring that these companies effectively use this technology.
CONCLUSION
GEOMA-DAO is a model that initiates and facilitates shared wealth. Today, the rich continuously gets wealthier and the poor becomes more impoverished. But, with GEOMA-DAO, this will be discouraged and addressed.
Large number of wokers, globally, are being underpaid, whole others are not even getting paid for certain tasks. This is unfair. Some people sir down at the comfort of their homes, doing almost nothing but waiting for some money to get to them— money being handled by the central governing council and corporate organizations. Meanwhile, in contrast, this money is being made available mostly by those who work hard but won't eventually receive appropriate renumeration. That's ruthlessness.
GEOMA-DOA has been a set-up to effectively establish a a fare share lf wealth and hence, the reduction of poverty index. This boosts our economy.
For more information about Geoma Dao, Visit:
Website: https://www.thegeomadao.com/
Twitter: https://twitter.com/thegeomadao
LinkedIn: https://www.linkedin.com/in/geoma-dao-b0a612189/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view?usp=sharing
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2491710;sa=summary
Eth Wallet:0x05Ad9E33485b6E84399F4740DcF7EcEfA7364Cbc
Article Written by Modana
Image credits to Geoma