The Guapcoin Dev Team needs your support in completing the Tulsa Update and Deliver our fully functional DAO (Decentralized Autonomous Organization)
Post by the Guapcoin Core Dev Team. This is not a Guap Foundation sponsored event.
The Guapcoin Core Development team is seeking community support to deliver the much anticipated DAO, one of the most important updates to our blockchain. The DAO is packed with several unique features focused on providing true on-chain governance and a treasury system with the sole purpose of supporting community engagement through proposals and recommendations to further improve and innovate Guapcoin.
Fundraising Goal: $5000.00
Why are we raising funds?
Due to the lack of funding and a reliable rewards system to compensate software developers, we are relying on community support to help deliver improvements and valuable voting features to the Guapcoin eco system. Our community members are the backbone of this project and without their support we would not be in a position to reach our mission and goals.
What is a DAO?
A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.
The Guapcoin DAO is collectively owned and managed by members who operate full Masternodes. The DAO also features a built-in treasury that is only accessible with the approval of full Masternode holders. Decisions are made via proposals submitted first through initial review via Guaptalk and finally through the Guapcoin desktop application for funding. Masternode owners vote on proposals during a specified period, rewards are issued after every superblock with may occur every 30 days.
Who will be allowed to Vote on the DAO?
Full Masternode owners vote for the proposals put forward during stage 2 of the process. The voting is fully decentralized and anonymous, since the Guapcoin owners and their masternodes are located in different geographic locations.
What is a treasury and superblock ?
Every month the Guapcoin treasury self generates a fixed amount of coins in free availability. These funds are allocated for the implementation of those proposals that received a sufficient percentage of “Yes” votes in relation to “No” votes. A proposal requires 10 percent of the masternode “Yes” votes, in order to receive funding. At anytime during or after the proposal is approved, a masternode owner can change their vote and subsequently halt payments on said proposal.
How can I view more details about the software development deliverables?
The software development proposal contains the a full project scope of the efforts required to deliver one of our most advanced upgrades to the blockchain. It can be viewed here –> Software Dev Agreement
What happens if we fail to reach our fundraising goals?
If we fail to reach at least 90 percent of our software goal, we will not proceed and all donations will be refunded back to the community.
How do I make a donation?
Donations are accepted through cryptocurrency. Please send donations to any of the following addresses: