DAOstack is a brand new type of Web3-native organization that allows like-minded communities to share their goals and values and act accordingly towards their development without having to depend on centralized parties.
Its GEN token will soon be able to link a network of DAOs that are built for various purposes on the platform.
GEN token gets listed on Liquid exchange
DAOstack’s collective attention token GEN just got included in Quinone’s new Liquid crypto exchange’s listings.
The trading pairs that are currently available on the exchange are the following: GEN-ETH, GEN-BTC, and GEN-QASH. GEN-fiat pairs will also become available shortly.
Quinone is a leading global fintech company that provides trading, exchange, and next-gen financial services based on the blockchain tech.
Last month, its two exchanges Ouoinex and Qryptos mere merged together and relaunched as Liquid exchange.
Liquid will be powered by Quinone’s World Book which offers users increased price matching and deeper liquidity for fiat and crypto pairs.
DAOs will use GEN prediction network
DAOstack is a kind of WordPress for decentralized autonomous organizations (DAOs).
When DAOs are using the GEN prediction network, they will be able to remain values-aligned and also efficient while scaling to potentially any size.
This is an essential factor, as we’ve told you lots of time about the great importance of scalability in this business.
GEN allows users who are both inside and outside DAOs to lend their expert attention in exchange for a chance to gain profit and also be rewarded for their correct predictions.
GEN-based prediction is native with Alchemy which is DAOstoack’s very first application for decentralized governance.
Its Alpha release is currently live on the Ethereum mainnet. The full release is scheduled for 2019.
With Alchemy, DAOs of unlimited sizes will be able to smartly allocate resources and voting power as well.
The community of predictors is already out there, growing continually and gaining more and more expertise.
It’s also important to note that predictors must hold GEN to stake on proposals and they also have additional incentive to help all GEN-connected DAOs to turn their goals into reality.
DAOstack’s strategy has similarities to Ethereum
The strategy used by DAOstack is quite similar to the features that made Ethereum successful.
For instance, DAOstack is supporting product and community development by channeling funds from its token sale via Genesis DAO. More than that, GEN has a highly generalizable utility just like Ethereum.
This new listing of GEN on Liquid, DAOstack will be able to take the very next step into the future of decentralization and lead the way towards an open, expanding the ecosystem of decentralized organizations.