As a decentralized autonomous organization, DAO can record every financial transaction, rule, regulation, and decision on a public ledger, achieving more transparent, open, and efficient collaboration requirements. In the era of Web 3.0, innovative projects are seeking more effective developer incentive models that can make project operations more active and achieve fair distribution of income. Therefore, the construction and development of DAO organizations have become one of the current hot topics of discussion. If you also want to participate in the construction of DAO in the Web 3.0 era from 0 to 1, let's take a look at what kind of dry goods the guests of this TinTinWeekly event shared! The event invited the initiator of PermaDAO, Xiong Wei, the core contributor/Co-Builder of Moledao, Phoebe, the co-founder of BuidlerDAO, Frank, the initiator of LinkZDAO, Jenny, and the core contributor of SeeDAO, Ricky, to gather in the live room with the audience who focus on the construction and development of DAO in the Web 3.0 world, discussing the challenges of equity and fairness in developer community governance together.
Highlights
Incentivize developers in DAO organizations with tokens to improve their enthusiasm
Improve incentive strategies and fairly distribute profits to encourage more members to participate in DAO organization construction
DAO organizations should attract more anonymous members to conduct digital evaluations of development projects
Improve incentive mechanisms to encourage developer participation in DAO construction
Fairly allocate earnings to support project incubation
To better implement the governance operation of DAO, the first thing is to have a well-established economic incentive mechanism, so as to motivate more members to participate enthusiastically. In PermaDAO, there is an economic support DEX at the underlying level. When dividing tokens, 20% of them will be used for community ecological construction. As introduced by Teacher Xiong Wei, "The underlying model of PermaDAO is an exchange or payment platform because PermaDAO's tokens are paid to contributors and development projects through DAO organization." Developers working in PermaDAO can earn about $100 in three days of work, which is distributed in the form of AR. Currently, PermaDAO also airdrops PSN tokens to developers based on their contributions to support the operation of the entire DAO.
Organizing public welfare activities, sharing technical dry goods
Different from direct economic compensation, MoleDAO forms an effective incentive system through public welfare activities and sharing of technical dry goods. MoleDAO was originally incubated by centralized exchanges, and its technical vision is to support various entrepreneurial projects and prepare for the development of public chains. There are many active community members in MoleDAO, who are voluntarily engaged in community ecological construction and promotion. Therefore, this cannot be called a complete economic incentive mechanism. This feedback is mainly provided in two ways: providing technical learning materials, and periodically releasing the latest industry information on social media platforms to give developers the latest technical dynamics; building a developer partner resource library, where developers can find various project parties, business partners, etc., to form project collaboration teams together.
Formulating incentive strategies to encourage member participation
How can the economic incentive mechanism of DAO organizations continue to operate in a healthy manner? Having a well-established economic incentive strategy is the key. SeeDAO's development follows a three-step principle: the first step is to establish brand value and attract more developers to join through the brand influence of DAO organization; the second step is to establish a developer scoring system through gamification, so as to activate developers in a more interesting way; the third step is to establish a protocol-based economic incentive mechanism for digital city-states, aggregating online and offline activities and encouraging more developers to participate.
Let developers speak freely and enhance communication activity
Forming a unique governance mechanism is not enough with just economic incentives. Only by allowing community participants to freely express their opinions can a harmonious collaborative environment be formed to promote the construction and development of DAO organizations. "In the earliest stage, the governance of DAO was mainly achieved through proposal translation and contribution proofreading. Community members proposed the quality improvement of proposal content themselves, and then distributed the benefits to everyone," said Mr. Xiongwei when introducing the governance work of PermaDAO. Over time, builders and contributors to the PermaDAO community began to emerge. They did some public welfare activities for common goals, obtained corresponding profits and distributed them fairly, which can stimulate the enthusiasm for community opinion expression and promote positive interactions among community members.
In response to this, Ms. Phoebe proposed a different view. She believes that the organizational operation mode of Web 2.0 era can also be used for the governance and writing of DAO community members. "As a relatively neutral DAO organization, MoleDAO has established a system architecture with community governance mechanisms at its core, allocating corresponding community tasks to them and helping them find suitable positions, forming a hierarchical and clearly defined community governance system." Jenny also supports and affirms such a governance model. Currently, LinkZDAO holds regular offline or online internal meetings, shares successful entrepreneurial project cases, and distributes tokens or DApp points of some products to everyone. In these activities, based on the willingness to develop developer experience projects, active developers and industry investors are organized to communicate closely, forming a pleasant developer community atmosphere.
Enhancing Freedom of Choice and Influencing through Brand Events
When it comes to promoting the development of DAO, the guests present also believe that promoting the influence of brands is crucial. Mr. Frank proposed three principles to incentivize the long-term development of DAO, hoping to promote DAO organizations to attract more developers with a fair incentive system. "Firstly, it is incentive integration, integrating the development direction of DAO, the development direction of contributors, and the interested development content; secondly, it is effective governance, letting professionals do professional work and encouraging more technical professionals to participate; thirdly, it is long-termism, the distribution of benefits of digital virtual assets should follow the long-term principles of project development and extend more efficient governance paths."
Beginners' Camp, Achieving Exponential Growth of Developers
In addition to promoting the incentive system, organizing developer activities is also an important promotion method. Recently, PermaDAO initiated a beginner training camp, where beginners will receive guidance from mentors, and profits from successful development of various projects by students will be distributed to the respective mentors. This promotional mechanism will attract more mentors and students to join the DAO, achieving exponential growth in developers. "If we are promoting DAO development for the future, I think we can include more unfamiliar members to conduct digital evaluations of development projects to have a practical impact," said Teacher Xiong Wei. Teacher Phoebe also added to this developer DAO activity, stating that it is important to further enhance the freedom of choice for DAO organizations, clarify work processes and technical visions, and encourage more developers to join voluntarily. In addition, sufficient funding reserves should be maintained, and all contributions should be recorded on the blockchain. Sufficient financial support will encourage developers to share the DAO with their friends and expand the project's influence.
Community Building, Gathering of Technologists and Investors in the DAO Organization
Looking ahead, Teacher Ricky also reflected on the development of DAO. He believes that DAO's development may introduce more "one-stop" technical services, and the use of many powerful development tools will naturally promote the influence of DAO. We can look forward to it. At the same time, MoleDAO has formed a community of Advisers, inviting technical advisors to jointly select projects with technical and investor backgrounds, and closely cooperate with developer communities such as TinTinLand. Each week, three project roadshows are scheduled for recommendation, striving to implement branding and promotion actions.
