GroupDAO is a decentralized social platform for Web 3.0 community autonomous DAO. As all members have access to the organization’s actions, finances, and decision-making processes, GroupDAO seeks to provide better transparency than traditional enterprises. It facilitates anonymous activities and offers low entrance barriers and easy worldwide access, making it accessible to anyone anywhere globally.
$GDO is a token designed to reward the users who have made unrequited contributions on Twitter. The most important factor is the number of followers, the second is the number of statuses posted by the account, and we also refer to registration time. The funding of DAOs is mainly based on crowdfunding that issues tokens. GroupDAO is a completely fair launch blockchain project. 50% of the GDO will be airdropped to Twitter users for free upfront and end as soon as 31 January 2022. This ensures all Twitter users get Tokens as more join the blockchain world.
Who are the founders of GroupDAO (GDO)?
GroupDAO was created by groups of strangers that are geographically apart but have similar objectives. Like other DAOs, it’s common for people to post their original ideas on social media sites like Twitter, and if the ideas are appealing enough, additional people will join the online discussions, just like they would on a traditional chat room.
Then, a team of programmers designed a collection of smart contracts that serve as the GroupDAO’s main operating system to transform a concept from its inception into a working DAO. Smart contracts are self-executing computer programs used to make choices by creating rules like voting procedures.
What is GroupDAO (GDO) used for?
Participants can vote for any changes to be implemented instead of implementing changes by a sole party.
All the members of GroupDAO are allowed easy global access and a lower barrier to entry. Users can interact with others and gain new friends with similar interests.
The members, participants, and stakeholders of GroupDAO can collectively crowdfund for a just cause without the need of a centralized authority or figure.
How is GroupDAO (GDO) unique?
There is no ICO, no VC, 49% of the chips are locked, and 20% of the team’s GDO will be unlocked in the next 60 months, and we note that the whole chip will be very spread out. They intend to build a new generation of web 3.0-based social media platforms with these users. They aim to create this platform together, govern it through DAO, and share its development rewards, and anyone who creates value will be rewarded fairly on this platform.
GroupDAO aims to be a group organization that is collectively owned and run by its members, each having a voice. Once a set of requirements is satisfied, GroupDAO contracts-as-code automatically take effect. They always function exactly as intended. Getting these established guidelines right from the start is crucial, as even minor mistakes or omissions might result in major problems and operational failures, such as security flaws that allow thieves to steal money.
GroupDAO can also raise money after establishing a fundamental set of guidelines and incorporating them into smart contracts. Tokens, a virtual currency linked to the smart contract, can be the main method GroupDAO uses to raise money. For example, sales occur through open or closed offerings, and the proceeds fund the DAO’s treasury. These tokens are like contributions that grant governance rights but not ownership; they are a type of ownership that is not the same as traditional equities and do not serve as investment contracts.
Despite being managed by stakeholders through its native token, GroupDAO can carry out duties and expand. Because there is no hierarchy, any stakeholder can provide a novel concept that the entire group will consider and refine. Internal disagreements are quickly resolved by voting following the pre-written rules in the smart contract.
Not to mention, GroupDAO can support non-profit groups that speak for many communities that are unified by a shared goal or set of guiding values. They are not just a benefit for corporations around the world. For non-profit organizations, automated efficiency, openness, and a lack of centralized control are vital. Depending on the number of stakeholders and organizational processes, the complexity of GroupDAO use cases can vary. Furthermore, the user, who participates in the community, the validator, which validates transactions; the exchange, which hosts transactions; and the developer, who creates the code, are all crucial parts of the GroupDAO network.
How many GroupDAO (GDO) coins are in circulation?
It has a circulating supply volume of 56,858,170,458,080 GDO coins. However, many of these coins have been burned off to increase their economic value.
How is the GroupDAO network secured?
The blockchain records all financial and rule-related activity for GroupDAO. GroupDAO’s smart contract gives the platform stability and eliminates the requirement for a third party in financial transactions.
The smart contract stores the organization’s data and serves as a representation of the regulations of the entity. Due to the transparency and openness of GroupDAO, no one can change the rules without others noticing. Thus, it can function just fine without the legal status we are used to seeing in businesses today.
How do I buy GroupDAO (GDO)?
The GDO token can be used for a wide range of purposes, like staking and governance.
GDO tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy GDO through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports GroupDAO (GDO)?
The PTPWallet platform supports many cryptocurrencies, with GDO soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.