Wow! I just found out that I actually wrote a post on DAOs back in early 2018. For some reason I called it OVC (Online Value Communities).
Long story short: at the time, we at KickCity were building a Web3 event platform on Ethereum—crypto event tickets and referral tokens for inviting friends. I have to say that in those days, NFT was far from mainstream. I remember Gideon (my co-founder and CEO of KickCity) and I discussing how we could go beyond just events, crypto-tickets and token rewards, and dive into building communities in the Web3 world. What a good days…
I decided to republish my thoughts here, despite the fact that now they seem rather funny to me. At least I can say (and proof) that I already knew something back in 2018 lol.
Anyway, enjoy!
For the past decade, dozens of companies and startups have succeeded in the mission of connecting individuals. But now it’s time to go further and build something bigger than just social networks — Online Value Communities.
Most online communities are currently on Facebook, Slack and Telegram. Let us not forget that these platforms were not initially created for the community building. That is why most power users (big community hosts) have issues using these platfroms.
Slack was built for team communication. The Blockchain community resorted to using it for community building but faced the following problems…
The platform lacks rating or reputation control. Many ICOs have become victims of sniffing. Spamming and disinformation is one of the biggest problems here.
Every community should have the capacity to set its laws which can be validated via consensus by the community members.
Any user in more than 10 slack groups has a hard times switching and remembering passwords to each one of them.
People need to discovery new communities and apply to join. Slack lacks this.
The free plan is as sweet as it can be but with up to 10,000 messages, the hosts are charged minimum of $6.67 per user per month — it’s $800,000 for 1,000 community members in a year!
Telegram is a perfect platform for inter-personal communication. Any community with more than 1000 users becomes harder to manage. No threads, no channels, no private small groups, switching between public channel and public chat and no option to have it all in one place — all this makes Telegram good only for a small groups.
Mark Zuckerberg of Facebook in July 2017 introduced a new mission for his company— community building. With a plethora of distractions (adds, notifications etc), Facebook is far from building real value communities. KickCity proposes an online decentralized, trust and value community building platform. imagine a decentralized online community, with it owns Rules and Laws supported by Smart contracts as well as Token economy, which can allow one to share not only information, but real value. Basically, an online country without visа.