Roadmap
Decentralization is a core tenet of our ethos
Last updated
Decentralization is a core tenet of our ethos
Last updated
ALGO DAO has been created with the intent of slowly decentralizing the decision making power away from the founders into the hands of the community. Unlike many projects remain highly centralized for many years and struggle to relinquish control.
Our DAO is a crypto native community that believes in decentralization and is looking to achieve it though being effective at its core mission.
Centralized: At the outset, the $ALGO tokens will primarily be held by the community's founders and early contributors.
Semi - Centralized: As the DAO engages in the first acquisitions and incentive programs, the founders will gradually relinquish a certain degree of control while also rewarding contributors.
Distributed: As the DAO trades $ALGO for other digital assets, the control dynamics will shift towards a more distributed model, enabling contributors and investees to assume an increasingly influential position in governance.
Decentralized: The DAO will attain its final state only once the founders' stake becomes a minority, enabling the democratization of control across token holders.
Below a breakdown of the different steps
In every DAO project, the objective should be to achieve a high degree of decentralization, ensuring that the founders do not exclusively control decision-making within the DAO.
This is the rationale behind our focus on developing a business model that links our financial success to our capacity to decentralize governance.
There are two ways in which we do so:
Algo Capital DAO will achieve governance decentralization by accomplishing its missionβutilizing $ALGO tokens to acquire stakes in projects and accelerating their growth.
Through the exchange of $ALGO tokens for the target tokens, Algo Capital DAO's founders gradually diminishes their decision-making power.
π‘Each successful acquisition results in the acquired project holding $ALGO in their treasury, enabling the acquired project's team to participate in our decision-making processes.
With each acquisition, our governance influence diminishes, contributing to the decentralization of Algo Capital DAO.
By anchoring the DAO's success in its core activities to the achievement of decentralization, we ensure a seamless transition towards greater decentralization at the opportune moment for the protocol.
Even though not as relevant as acquisitions, Algo Capital DAO will also give out $ALGO tokens to contributors participating in our community and for our bounty programs as outlined in the Work with Ussection.
These activities will also contribute to decentralizing our governance structure.