I'm sorry, but this is all too funny.

"At its core, DAODAO is a tool to raise money with a coin. It does not need to impose any constraints regarding 'decentralization' or 'autonomy.'"

It never did, and they were never DAOs. 🤣 Glad we're all finally on the same page about this. Good riddance to the name "DAO Coins".

Also, this chart looks familiar:

I was also wondering about this. I’m all for appealing to the “normies”… 

But if “decentralized” and “everything on chain” isn’t part of the value prop, what is the competitive advantage over like a go fund me or kickstarter? 

Shootin’ from the hip.



@BitsTODAY



Product marketing, GTM.


I sold half at the top, but kept the rest, because of a promise big push was coming and it was a new focus. 
They raised capital and did nothing after that. 
And we suppose to rise funds with it instead of the Octane Fund? Good luck. 🫡

I like to make things that people use.

@ChainSurf & @SurfSwap founder

While I get the problem from the @deso perspective, I'm personally disappointed. Why so? Because I feel strongly that DAOs are central to creating useful and relevant Web 3 software. How often do we see apps built with scant reference to real life application, and a busy active DAO shows support levels way beyond a simple and easy like.

Ping @Atotsm 

Seeking a more inclusive world of employment 2.0. Offering structure, strategy, connectivity, cohesion, coordination, collaboration, ideas, direction and contribution. Seeking to connect goals to journeys, and individuals to communities. #DLT #DeSo #How2DAO #ValueCreator

Supporting Africans to climb the global ladder and achieve the position they should occupy.

Initially based in E14, London, UK, but with globally intended reach.

Developer - paulburke.co

🧑‍💻 @plus | @DesogenApp | @overridentity | @RecoverSeed

Renaming DAODAO

After launching DAODAO and aggregating a lot of feedback, we have gotten a lot of insight that leads us to believe that renaming DAODAO to something else could be very beneficial. In particular:

* People who aren't in crypto have no idea what a DAO is, and are often intimidated out of starting one after Googling because it's a fairly complex topic.

* Even people who are actually IN crypto often get confused, asking questions like "how decentralized does it need to be?" or "do I need to submit a proposal for every decision?"

* Sometimes people confuse DAODAO for another project with the same name.

At its core, DAODAO is a tool to raise money with a coin. It does not need to impose any constraints regarding "decentralization" or "autonomy." If someone wants to launch a centralized project on DAODAO that happens to have a coin, they should be able to do so without any confusion for them or their backers.

As such, we would like to propose renaming DAODAO to something more mainstream and easy-to-comprehend. @nader solicited suggestions for names from the community, and aggregated hundreds of suggestions from the following threads:
* https://diamondapp.com/posts/098091b0c7d0fa700c613c268c94043e61146642d7b671550964cbb7a817abe7

* https://diamondapp.com/posts/8ce0dffe66927369bf9891c3c1aee30e8e4a4bffbcfe6967be948c1de009eb74

After aggregating all suggestions, the core team narrowed the selection down to a few finalists, and would like to formally propose a rename.

This vote will close on Friday at 3pm Pacific Time

1. Carat
2. CrowdFund
3. DesoDuse
4. Empowr
5. Groupstrap
6. Openfund
7. Launchpad
8. Spark
9. Mov3ment
10. Raise

After launching DAODAO and aggregating a lot of feedback, we have gotten a lot of insight that leads us to believe that renaming DAODAO to something else could be very beneficial. In particular:

* People who aren't in crypto have no idea what a DAO is, and are often intimidated out of starting one after Googling because it's a fairly complex topic.

* Even people who are actually IN crypto often get confused, asking questions like "how decentralized does it need to be?" or "do I need to submit a proposal for every decision?"

* Sometimes people confuse DAODAO for another project with the same name.

At its core, DAODAO is a tool to raise money with a coin. It does not need to impose any constraints regarding "decentralization" or "autonomy." If someone wants to launch a centralized project on DAODAO that happens to have a coin, they should be able to do so without any confusion for them or their backers.

As such, we would like to propose renaming DAODAO to something more mainstream and easy-to-comprehend. @nader solicited suggestions for names from the community, and aggregated hundreds of suggestions from the following threads:
* https://diamondapp.com/posts/098091b0c7d0fa700c613c268c94043e61146642d7b671550964cbb7a817abe7

* https://diamondapp.com/posts/8ce0dffe66927369bf9891c3c1aee30e8e4a4bffbcfe6967be948c1de009eb74

After aggregating all suggestions, the core team narrowed the selection down to a few finalists, and would like to formally propose a rename.

This vote will close on Friday at 3pm Pacific Time

Renaming DAODAO

6c4bdfa20909468c5dab2346b91dd47afcefc96c7d347a3f294412ade53f704b

Openfund is a web3-native fundraising platform that allows you to start, fund, and trade the Next Big Thing.

Imagine Kickstarter meets Coinbase.

# What is Openfund?

Openfund is the first platform that makes raising funding for a project as easy as setting up a social media account, and that makes contributing to a project as easy as sending an email.

Openfund also pioneers fully on-chain social features that can not only increase the role of trust and reputation in the contribution process, but also allow your fundraising to go viral in ways that haven't been possible in the past.

The amazing thing about Openfund is that it was launched as a project on the Openfund platform itself! This made it capable of raising over $1 million from a large community of over a thousand supporters rather than from venture capitalists.

# Team

The creator of Openfund is [Nader Al-Naji](https://diamondapp.com/u/nader?feedTab=Hot&tab=posts), head of the [DeSo Foundation](https://deso.org). Across DeSo and Basis, Nader's last project, he has raised hundreds of millions of dollars from thousands of contributors, including Sequoia, Social Capital, and Andreessen Horowitz, and he has built a strong track record as an entrepreneur.

With Openfund, Nader and the DeSo Foundation team saw an opportunity to package all of the knowledge they've built up from raising hundreds of millions for past projects into a product that anyone in the world can use to make their next bold and brilliant idea a reality.

# The Openfund Business Model

## Yield

Openfund as a platform can currently generate fees from two places that can then be paid out to holders of $openfund coins as yield:
* **Fees on its on-chain non-custodial order-book exchange.** Fees are currently zero.
* **Fees when a project closes a round**. Currently, Openfund collects 1% of all eligible fundraises when the round closes.

Many other value-add sources of revenue can be added later on, such as charging for featured projects, charging for premium features, and much more.

Once fees accumulate, they will be distributed to holders of $openfund coins at regular intervals pro rata (i.e. in proportion to one's percentage ownership).