People have been struggling with governance for centuries. We are often selfish creatures, but our success as a species is based on the fact that we can cooperate to achieve common goals. One of the difficulties is that wealth generated from these shared endeavors is not always distributed equitably amongst the individuals involved.
With distributed systems, corruption, censorship, theft, and other pitfalls can prevent each stakeholder from getting their fair share of the proceeds. Blockchain has stepped in to disrupt financial markets by decentralizing control of asset storage, distribution, and remittance, but there is still room to take it another step further.
People need a fair, secure, corruption and censorship resistant way to manage shared funds. One technology in particular, Ergo, has several security advantages over other blockchains, but these are at the base-layer, and there are no tools available to utilize those advantages.
The Solution: Paideia, an Ergo-based DAO management toolset. Paideia will make it easy for anyone to initiate and manage shared treasuries through voting. The platform will provide a robust UI, backed by secure smart contracts that handle on-chain vote tallies, and will automate fund distribution.
Paideia is for anyone who needs to manage a treasury as a group. Some examples of entities that will benefit from Paideia include:
- Developer teams
- Projects looking to raise funds
- Investment groups that pool their resources
- P2E gaming guilds
- Anyone else leveraging a shared treasury to create or do something
Paideia will generate revenue through blockchain as a service solutions. Initiating a DAO, distributing tokens, and upgrading to more complicated services will impose minor fees. All fees will be low enough that they will not have a noticeable impact on the user’s experience with the system, but high enough to cover expenses and fund continued development and growth. Fees will be shared between the Paideia DAO treasury and Paideia token holders who stake on the platform.