We’re excited to announce that MoonDAO—a DAO that is sending two people into space—has integrated Chainlink Verifiable Random Function (VRF) on Ethereum mainnet. By integrating the industry-leading decentralized oracle network, we gained access to a tamper-proof and auditable source of randomness needed to help select the winning NFT Ticket to Space through a public draw. Ultimately VRF helps create a more exciting and transparent user experience, as users can verify that everyone had a provably fair chance of being selected to go to space and become an astronaut.

MoonDAO is an international collective of people united by the mission of decentralizing access to space research and exploration. In order to support this vision, we’ve purchased two tickets aboard the Blue Origin rocket to space. One of these tickets was awarded to a randomly selected holder of our NFT Tickets to Space through a public draw. We provided 9,060 (the total number of seconds that Neil Armstrong was in EVA on the moon) NFT Tickets to Space, which were available for anyone to mint for free.

In order to help select a random NFT Ticket to Space to board the Blue Origin flight, we needed access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions derived from blockchain data like block hashes can be exploited by miners/validators, while off-chain RNG solutions derived from off-chain APIs are opaque and don’t provide users with definitive proof about the integrity of the process.

After reviewing various solutions, we selected Chainlink VRF because it’s based on cutting-edge academic research, supported by a time-tested oracle network, and secured through the generation and on-chain verification of cryptographic proofs that prove the integrity of each random number supplied to smart contracts.

Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node's pre-committed private key to generate both a random number and a cryptographic proof. The MoonDAO smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This provides our users with automated and verifiable assurances directly on-chain that the public draw is provably fair and was not tampered with by the oracle, outside entities, or the MoonDAO team.

“Chainlink VRF played a key role in helping select a random NFT Ticket to Space holder to win a seat aboard the Blue Origin rocket. Using a provably fair, tamper-proof source of randomness from Chainlink VRF helped enable our community to verify that this once-in-a-lifetime opportunity was given out randomly.” – Pablo Moncada-Larrotiz, leader and administrator of MoonDAO

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About MoonDAO

MoonDAO is going to the moon. MoonDAO is an international collective of people united by the mission of decentralizing access to space research and exploration. They raised $8.3 million in a crowd raise to purchase two tickets to space with Blue Origin. Next, they are creating a grant program to allow for the funding of public goods in space. MoonDAO is an open organization, where anyone in the world can work and govern the DAO.

Learn more about MoonDAO by visiting https://moondao.com or get involved in their Discord server.

Ambitious missions take time, and time is cruel to organizations. Most companies don’t last 50 years, while less than 20% of the 8.4 million U.S. companies are more than 25 years old. This means that any DAO aiming for society-level impact must first simply withstand the test of time. To do so, they must lay the critical groundwork that will allow seemingly inconceivable feats to be accomplished by their members 25, 50, 100, or even 1000 (yes, 1000) years in the future. This involves developing anti-fragile and anti-capture strategies made possible by web3 technologies and focusing a significant amount of energy on managing, cultivating, and deploying a DAO’s two greatest assets: their treasuries and their communities. Surprisingly, the key to doing this can be found in a very old and boring idea.

Diversification

The value of diversification as a general concept is embedded in the world around us, even if our brains are often moths drawn to the flame of sameness (see “affinity bias”).

In the world of finance, Modern Portfolio Theory tells us that a portfolio with a wide range of assets with varying degrees of risk performs better over time than an investment in a single asset. This idea won Harry Markowitz the Nobel Prize in Economics in 1990, but the idea has been baked into our cultures for hundreds of years. Miguel de Cervantes allegedly coined the term “don’t put all of your eggs in one basket” in Don Quixote in 1605, and we see a similar sentiment in the Chinese idiom 孤注一掷 / gū zhù yī zhì, which means to bet everything on one “throw” (MoonDAO’s large Chinese community will have to help me on the origin of this phrase).

We also see this phenomenon in nature. A gene pool with a wide variety of genes will produce a healthier population than one with a limited number of genes. A field planted with a single crop will be more susceptible to soil depletion, disease, pests, and erosion than the same soil planted with a diverse range of plants. Even the Pareto Principle – the well-observed phenomenon in which 80% of outcomes are determined by 20% of the causes – implies that you can’t just cherry pick the optimal 20%: you also need the diversity of the other 80% to get to success.

Financial diversity

Financially speaking, diversification for a DAO is low-hanging fruit, but its obviousness also means it is often overlooked or deprioritized. MoonDAO, for example, has a treasury worth around $50 million USD (as of this writing), but this is held in only five assets, all of them crypto, and the largest one is our internal governance token MOONEY. To exist long enough to achieve some of our stated goals such as launching our own spacecraft or establishing a base on the Moon we need a strategy to preserve and grow these assets over time. This might look a little different for a DAO than it would for a traditional company because a DAO has access to a wild new ecosystem of web3 diversification options that traditional companies can’t touch or won’t touch. I’ll leave the portfolio building to the experts, but a DAO seeking long term diversification could, for example:

• Stake ETH or other Proof of Work tokens.

• Yield farm on DeFi platforms.

• Provide liquidity on Uniswap.

• Lend directly to other DAOs.

• Token swap with emerging DAOs.

• Collect blue chip NFTs.

• Commission NFT artists in exchange for a portion of royalties.

• Allocate funds to a small YOLO degen trading team.

• Invest in crypto index funds.

• Invest venture capital in startups in their domain.

• Buy land in areas that will be havens from climate change.

• Buy a building in NYC (or anywhere).

• Buy stocks, bonds, or other traditional financial products.

• Earn revenue from developing products and services.

The last few on that list are there to illustrate the point that a DAO adds a new dimension to diversification by opening up crypto-native investment options on top of having access to more traditional methods. With that in mind, Modern Portfolio Theory would suggest that a DAO has a greater probability of long term investment success than a traditional company since it has a wider range of investment options, and the risk profiles of those investment options are much more variable. Similarly, since DAOs are generally more motivated by their mission than by profit, they may have a greater risk appetite or be less affected by cognitive biases such as loss aversion. So when a DAO wins big, it might win bigger than others. And as I said before, ambition is key in a DAO.

Human diversity

But let’s get to the real point of this all. Financial diversification is only one aspect of diversification for a DAO, and arguably not the most important. The most valuable resource that any DAO has is its community. A DAO, after all, is just a collection of human brains – those magical meaty computers that have allowed us to do impossible things like splitting apart atoms and escaping the bonds of gravity. A DAO aligns these brains toward a shared purpose, and when it comes to brains the more that you have and the better that you coordinate their activities, the more successful you will be.

But isn’t it more efficient if we all just think the same way? It might be more efficient, but you will never generate radically genius ideas that way. To get to the 20% that produces 80% of the results, to cross pollinate different forms of intelligence in ways that create ideas that no single person could have come up with alone, you need to bring together a set of minds and human experiences that is as diverse as possible. A growing body of research – from Harvard Business Review to Forbes – suggests that greater diversity in the workforce has a very strong correlation to both financial success and the innovation that such success depends on.

But as good as diversity is for your business, it’s even better for your soul. Interacting with people who are different from you and who may challenge your way of thinking makes you think more deeply about who you are, what you believe, why you believe it, how you perceive the world, and how others might perceive it differently. Our minds are extremely powerful, but they are riddled with unconscious cognitive biases. Regularly digesting a diversity of viewpoints creates a healthy mental diet that makes us aware of these biases and allows us to be even more valuable contributors to the communities we are a part of. As NASA eloquently puts it in their Policy Statement on Diversity, Equity, Inclusion, and Accessibility:

Our astronauts have taught us about the “Overview Effect” – a cognitive shift in awareness achieved through a transcendent perspective in space – which helps us understand that all human beings are connected by the commonality of our existence and our interdependencies on a small and fragile planet; therefore, the success and wellness of our species and planet depend on the equity, inclusion, and access accorded to the full diversity of all people on our Earth.

New trajectories

Unfortunately DAOs and web3 in general have a long way to go in embracing diversity and battling racism, misogyny, homophobia, transphobia, xenophobia, ableism, and other anti-human behaviors that plague both the tech world and society at large. The inhabitants of web3 have a generational opportunity to demonstrate a different path that will create both better businesses and better humans, but to do so we must invest in building that path, and building it early.

At MoonDAO, our mission is to decentralize access to space and bring it within reach of as many people as possible. To do so, it is critical that our DAO not only reflects the best minds of web3 and the best minds of science, but also the incredible diversity of the planet we call home and claim to represent. There are a variety of things we can do as DAOs to create an environment that nurtures diversity, equity, and inclusion and ensures the long-term health and stability of our community.

• Establish a constitution or other social contract that clearly defines both the purpose of the DAO and its core values, and then measure every action against that purpose and those values. At MoonDAO we have a constitution project that is working on developing just such a document, with a team specifically focused on our mission and values.

• Think beyond compensation when it comes to incentives. Compensation is one of the least important drivers of worker happiness. Culture, values, and leadership quality are much more important.

• Decentralize leadership and execution by empowering DAO members to start and manage projects on their own. Assume positive intent and positive outcomes until proven otherwise, and provide support and advancement opportunities to new leaders who take initiative.

• Invest in community managers. These are unsung heroes who have emotional intelligence and people skills that can unlock a huge amount of value for a DAO.

• Encourage dissent. At a bare minimum, do not silence dissenting voices.

• Specifically ensure that groups that have been historically marginalized or exploited in wider society – women, people of color, indigenous people, LGBTQ+ communities, and many others – have a true seat at the table of power within the DAO. This involves diversifying traditional centers of power in a DAO like the multisig, system admin rights, or Discord roles, as well as looking at things like pay equity and promotion opportunities that have historically been imbalanced for these groups.

• Embrace, support, and empower a diversity of language groups and find ways to work asynchronously to account for our round planet and its many time zones. Our large Chinese community within MoonDAO has helped us build this thinking into our culture, but it is still a big challenge to overcome language and geographic barriers.

• Attract both experts and amateurs, and break down barriers between them. We would love to see world class aerospace engineers collaborating and interacting with young space enthusiasts around the world, because these will be the scientists of the future (the ones that we hope will build our Moon base).

• Have a zero tolerance policy for harassment, hate speech, bullying, spamming, or other gross human behaviors. We are all adults and we know these things are wrong. To say otherwise or call it “canceling” is gaslighting bullshit.

• Find ways to have fun together and connect as humans. Maybe we will see you at our launch party when we send our first explorers into space in July.

The early bird gets the wormhole

At the beginning of time, the most important things happened earliest and defined the future shape of our 13.8 billion year old universe. Quarks and electrons formed protons and neutrons in a few millionths of a second, nuclei were formed within minutes, and a mere 380,000 years later electrons began orbiting nuclei and formed the atoms we know today.

The same is true in the genesis of all things. Early actions create patterns that endure. The right soil, light, and nutrients early on creates a healthy plant. Early investments create the majority of long term gains. So even though it is extremely important for DAOs to understand and invest in the diversity of their finances and communities, it is even more important to do so early. This is true of both individual DAOs like MoonDAO and the ecosystem of DAOs in general. We are in the midst of an early explosion of growth, and we will be shaped by the choices we make during this exhilarating, heady moment of youth. Let’s make sure this wormhole to a different way of living stays open for our future selves by investing in the right things early.

(Author: zeroindex; Editor-in-chief: CarolW)

In this article, its compensation and incentive system is explained with a view to answering the question of how it implements its payroll policies as a DAO.

Since founding in November of 2021, MoonDAO has been intentional about its compensation and incentive structure in a bid to ensure that its core contributors are adequately compensated for their time and efforts.  The need to make adequate compensation a cardinal principle  of its reward system  informed its decision to choose a  retroactive compensation plan over the allocation of pre-launch tokens and it was also the basis for its deployment of Coordinape for verification of contributors and the allocation of points.

Discovering Coordinape

First, what is Coordinape and why was it adopted by MoonDAO?

Coordinape is a dapp that is designed to enable DAOs to implement a payroll system on the basis of individual contribution to a DAO project and a web 3 tool that integrates seamlessly with crypto wallets.

MoonDAO finally resorted to using Coordinape after it weighed the pros and cons of other dapps that serve a similar purpose. Its choice of Coordinape was informed by its value proposition which aligns with the core values professed by it. Besides, Coordianpe’s ability to make the distribution of rewards flexible and transparent made it the preferred choice.

What problem does Coordinape solve?

DAOs often have to grapple with the question of how to pay contributors for their roles at the onset as it’s a complex situation to elect to doll out salaries without first creating work streams that justify such mode of payment. Nevertheless, there must be some form of reward for those who expend time and energy on a DAO project or it would be very unrealistic to incentivize people to take up roles and responsibilities in a DAO.

Moreover, there is also the question of how transparent and corruption-free the system of reward and compensation could be when a percentage of the community’s treasury is salted away for the purpose of paying for the amount of effort that is poured into getting a DAO off the ground or pursuing its goals.

Using Coordinape, however,  has proven to be the best fix for the problem of how to implement a payment regime that is based on the ability of one contributor to verify or legitimize the claim of another in a distributed or recurring pattern. It also serves as a proof of how to decentralize the mode of payment so that no individual is able to control or influence how the distribution is done.

MoonDAO’s Retroactive Governance Token Distribution

MoonDAO’s first compensation was retroactive in that it dated back to the 24th of November which was the official date for the commencement of its phase 1. Phase 1 is defined as the work involved in going from 0 to 1 with MoonDAO.  It saw the creation of the vision, goals, mission and values; the marketing of the project,  the deployment of  juicebox; the launching of the governance token.

Coordinape allows every contributor to receive a certain number of points through their wallet addresses. The key-point about the distribution pattern is to exercise some discretion over the allocation of points to other contributors who are selected by a team member or contributor.

The allocation is in Coordinape GIVE tokens which can as well represent the number of points received. For example, X is allocated 200 points to be shared among the 20 contributors/team members he selected from the database. If X decides to doll out 10 points to them, each will receive 10 GIVE token from X as points earned.

A more detailed explanation using Alesha as case study will look like this:

• Alesha receives 50 GIVE tokens from the community for her contributions.

• Once the allocation period ends, her GIVE tokens will be automatically converted to GET tokens.

• The total allocation across the whole DAO is 1,000 GET tokens.

• The DAO’s seasonal budget is 25,000 DAI.

• Alesha’s 50 GET Tokens are 5% of the available 1,000 GET tokens, so she is sent 5% of the DAO’s total budget (5% of 25,000 DAI = 1,250 DAI.)

At the end of the voting period, the DAO sends Alesha 1,250 USDC for her contributions during phase 1 provided that no condition like vesting applies to the allocation.

The Problem With Using Coordinape

Coordinape is an excellent DAO tool based on its design and specification. However, MoonDAO’s first token allocation, which is more of an acid test, probes deeper into how the bar of equitable distribution of tokens can be raised to address the problem of underpayment or the lack of commensurate pay in the future. Since coordinape allows every user to select a team worthy of compensation  from the available database, there is a high tendency to leave out contributors who do not share the same work stream with others.

Critics have recently explained how token allocation on coordinape can lead to popularity contests whereby the amounts of tokens or points earned by an individual or a group of people relate to their  fame or popularity rating in the DAO. The situation puts lesser known contributors at the risk of underpayment and may significantly affect the rating or popularity of Coordinape among DAO users.

MoonDAO’s strategies for improvement

As it currently stands, MoonDAO’s rating of Coordinape lies between 5 and 6 on a scale of 1-10. But there is a general consensus in favour of scaling up the process of allocating incentives to deserving contributors and providing. The first step it has taken in optimizing the equitable allocation of tokens on Coordinape and reducing the risk of underpayment is creating multiple streams of incentives which include bounties, grants, salaries, reimbursements etc.

Moreover, work streams in MoonDAO are now well-structured and organised, and the levels of engagements in various streams have significantly improved since its policy of progressive decentralization began to gain traction. MoonDAO is committed over the long term to increasing the visibility of its contributors by incentivizing them to create proposals and build their own team. Consequently, this is expected to make MoonDAO more inclusive and decentralized in the future when utilizing Coordinape will include a check on the risk of paying contributors less than they deserve.

(Author: OlaPhsix; Editor-in-chief: CarolW)

MoonDAO is a consortium of space enthusiasts, crypto investors and DAO builders that was formed by Pablo Moncada and Kori Rogers in November 2021. Its primary objective is to decentralize access to space by funding space travel and exploration in a Web3 way.

Advantages of DAOs (ie MOONDAO)

It gives members governance rights

A unit of $Mooney equals a bundle of voting power which is required in the governance of MoonDAO. Holding $Mooney implies that one has a stake in the affairs of MoonDAO by voting on proposals and it increases the incentive to transition from working in traditional companies to joining a DAO’s work force.

It stimulates passion

The applicability of blockchain technology through DAOs can reduce the credit cost. Traditional enterprises have cumbersome processes to ensure the compliance of economic transactions, whereas DAOs, based on blockchain technology and web3 tools, liberates project members from the process and puts more energy into the value creation and value output of project construction.

By peer-to-peer working mode, people can have a great freedom to work, whether in space and time. It arouses the interest of team members in the project, and stimulates their initiative of work and study.

It promotes democratic mode of decision making

Of course, decentralization means a wider public participation in governance and discussion of matters. To a certain extent, it will bring about inefficiency. MoonDAO has effectively explored how to balance efficiency and democracy.

We have realized over time that having the whole community weigh in on small decisions has become a recurring bottleneck for MoonDAO. In an effort to accelerate the execution speed of our DAO, we have developed a method for allowing the DAO to trust certain individuals to work on properly scoped-out, non-perpetual, goal-based projects such that they have their own access to funds via a multi-signature wallet.

The proposal also includes rules and guidelines for how to work in a transparent and auditable way, how compensation will work for those teams, and how the community can voice their comments or concerns with the project team.

We believe that this step forward will increase the speed at which the DAO can operate, with the added benefit of increasing decentralization, autonomy and organization!

Process

Therefore, we set up the MoonDAO Project. MoonDAO Projects are non-perpetual, goal-based teams that are voted to act as trusted executors on behalf of the DAO to complete a mission. Projects can apply for a budget from the community to complete their goals, and once the mission is completed the team is disbanded.

Phase 1: Preparation

1. Selection of Project Direction

According to the demand in MoonDAO of ourselves or others’ feedback, first find the sore point, and choose the direction of the project.

2. Talent Aggregation

We can gather like-minded members in discord, and use our network resources in reality to invite friends together. Then form a team with a variety of talents and comprehensive abilities.

3. Proposal Writing

The democracy and relative efficiency of DAO is based on Google's online documentations, online sheets and on-chain voting. After Team leads work out all materials like the timeline, OKRs and budgets of the project, it is posted in discord and all members of the community can read and give opinions. And finally summarize to form the final version of the plan file, reducing the cost of consensus

4. Two Votes

There are two votes open to the whole community.

a. The proposal is active for a maximum of 7 days for it to reach a threshold of 30 Discord thumbs up from our DAO members.

b. After meeting the threshold, the proposal will be included in that batch’s weekly snapshot for approval by the DAO and the DAO can vote on the snapshot for it to be passed.

Phase 2:   Implementation

1. Guiding teams

As the team steward, there are two core aspects to consider:

a) Positioning and task assignment of team members. After planning the roles required for the project, community members are naturally a talent pool for every project.

b) Formulate rules and regulations of penalties and rewards to staff rules to follow and create a good management system.

2. Control the Progress

Follow the schedule of timelines and planning matters on the proposal. And by using discord and google doc, the team can easily make meeting agenda, organize a meeting and report timely project progress to the whole community.

3. Public informed

Projects work transparently in the DAO such that anyone in the DAO can audit the work that is being done, and can weigh in if they have questions, comments, or concerns. They will also receive access to the Notion where they can archive documents, meeting notes, etc…

4. Compensation

a) Do project stewards receive any compensation?

Project stewards will be compensated with a $5,000 monthly salary paid in DAI. This salary is only meant to cover living expenses, and is only a portion of the full compensation that may come from Coordinape while they’re leading a project.

Steward pay will be consistent for each project, with a maximum of two leaders per project. If someone is already a leader in a project, they may lead a second project, but they would not receive pay from multiple projects.

b) How do other project members get paid?

Compensation for members on a project will not be included in the budget. Rather, every pay period the DAO will vote for the proportion of incentives that are distributed to each project. Then, inside each project a Coordinape will be created to pay everyone that has helped in that project.

Thoughts & Experiences

Here are some experiences some project leaders and participants have and summarize in the process of the project and if you want to join in this journey, you go ahead with the things above!

Hayrul Music NFT Project－Richard：

After proposing the idea of building KOLs and Hayrul Music NFTs, it quickly gained support from $Mooney holders in the community and quickly formed a team.

In less than a week, singer Hayrul completed the creation of the song, and the community spontaneously donated to help the production and distribution of the song, and the community's connections quickly contacted the Tencent music platform, and the release was successful. Such a rapid organization of resources to execute projects is an advantage that traditional industries do not have, as Team lead saves a lot of communication and coordination costs, and can focus on the development of ideas.

My personal experience about web3 projects construction especially for NFT projects is that enough attention, exposure and visibility are important. In order to bring enough traffic, I conceived to focus on cultivating community members, becoming KOLs, helping the project to continue to drain, and being able to exert efforts in the early, middle and late stages of the entire project, with continuous people, stories, communication and narrative.

Writing Project－CarolW：

I'm editor-in-chief from the writers guild, and I've been involved in both guild and project. In MoonDAO, the guild and project are both independent and related. Each guild also needs to do a project to apply for a project to apply for a salary incentive or funding reimbursement.

The Mirror project is just initiated by the internal discussion of the risks guild in discord - we strongly felt the urgency of the mirror sub-domain name, and it was necessary to build the mirror as a communication base for the project to promote the brand and project ideas. So after planning the general process, writers who were willing to write articles were openly recruited to participate in the creation. Write proposals (including time planning, task division, etc.) and submit them to the community for voting. After the project proposal is adopted, it will be carried out step by step according to the time point, and the division of labor will be cooperated.

Compared to the working mode of traditional companies, I have new experience in the process of organizing and participating in DAO projects.

First of all, it is small and efficient. The project setting time period is no more than one month, and even long-term projects need to be applied for in stages. On the one hand, this is conducive to urging the project to set short-term goals, carry out efficiently in a limited time, and complete small tasks in a short period of time, rather than the traditional company's project settings for a long time, resulting in staff procrastination; on the other hand, MoonDAO's support for small projects is conducive to rapidly promoting the development of matters and efficiently promoting DAO to maturity step by step.

Then there is enough openness and transparency. The initiation of the project, the mid-term work discussion, the phase meeting are fully open and transparent in discord, and the details of the project expenditures for which the funds have been requested will be submitted for review. This greatly reflects the intention of the DAO to decentralize.

(Author: CarolW Richard; Editor-in-chief: CarolW)

What is DAO?

DAO is the acronym for Decentralized Autonomous Organization. A DAO is formed when a multitude of people are organized into a web3 collective in pursuit of a well-defined goal. DAOs are increasingly becoming a popular use case of blockchain technology in fundraising, finance, philanthropy, investment, asset management, acquisition of blue chip NFTs, Web 3 projects, social activism, etc.

Although DAOs are pretty much similar to traditional companies, they differ in technology, scope, jurisdiction, management and philosophy.  For example, a DAO is decentralized--governance running on blockchain codes and trying to minimize or even abolish central authority--while a company is a centralized entity with a chain of command and subject to the various traditional laws of states on incorporation, taxation, bankruptcy, winding-up and employment, etc, which to some extent, guarantees market order, but hinders innovation.

Besides, a DAO is usually global in scope and has a wider reach, whereas most companies usually tend to fall within a country’s geographical space and economy. This particular distinction is why the defunct ConstitutionDAO, for example, was able to receive $47 million in funding from 17,000 people across the globe in a stretch of six days on  Ethereum-based crypto funding platform, JuiceBox. Indeed, it achieved this feat as a DAO and not as a company in a bid to purchase an original copy of the US constitution.

In terms of its membership, crypto tokens are to DAOs what shares or stocks are to traditional companies(LLCs, C-Corps etc) . A DAO’s token pretty much operates like a company’s stock since it basically confers membership and a bundle of rights on its holders. But it has a more broader use than a company’s share as a result of the voting power it grants every member of a DAO regardless of the amount of tokens he or she can afford.

How DAOs operate

DAOs operate a bottom-up governance model on blockchain-- which is their underlying technology--for a range of purposes including security, public access to financial records, treasury management and transparency. No major changes to their structures can be effected without them being voted upon by an overwhelming majority of the investors. This is essentially because smart contracts, basically underline how DAOs work. They are rules embedded into how they are organized and they help them to function autonomously without the need for a centralized authority.

MoonDAO: an overview

At the core of MoonDAO’s founding lies its ambition to decentralize access to space. Its roadmap includes purchasing space tickets, launching an NFT space ticket, flying to outer space aboard Blue Origin’s New Shepard, establishing a colony in space, collaborating with leading space agencies and research organizations, and launching ambitious space projects. In addition, it seeks to set up its own manufacturing plant for space rockets in the near future.

It has a talent pool of seasoned contributors who are divided into different workstreams and who are eligible to receive compensations and bounties at the end of each working phase or period.

What makes MoonDAO different?

MoonDAO is distinguished in goal orientation, project&guild system, incentive structure,etc.

Take incentive structure for example. To achieve true decentralization, MoonDAO took the road less traveled by opting for a retroactive compensation plan in respect of its early contributors.

And MoonDAO adopts Coordinape for mutual evaluation in a decentralized and fair way. The key-point about the distribution pattern is to exercise some discretion over the allocation of points to other contributors who are selected by a team member or contributor.

Conclusion

DAOs have come to represent a new organization model.

DAO is the space to watch in crypto and web 3 as more and more ambitious projects like MoonDAO continue to spring up. A DAO holds a lot of potential for impacting the world as we know it: from animal welfare to environmental protection to social justice.

MoonDAO, for example, is set to become the first DAO to send humans into outer space. Its ambition, in the long term, is to decentralize access to space by helping millions of people around the world to inch closer to their dream of traveling to space in a lifetime.

(Author: OlaPhsix; Editor-in-chief: CarolW)