HELLO, WORLD!
dao5 is an experimental cryptocurrency investment fund that
will later convert into a decentralized autonomous organization
(“DAO”).
Upon conversion, DAO5 tokens will be minted and issued to the fund’s
investment team, advisory board, and portfolio company founders. A
portion of the general partner’s assets will be migrated to an
on-chain treasury to be owned and governed by DAO5 tokenholders in
perpetuity.
The primary goal of dao5 is to empower our portfolio founders to
co-manage a treasury of strategic assets. What happens after that
will be determined entirely by DAO5 tokenholder governance.
As a DAO, we anticipate that dao5 will not operate with a
pre-defined mandate; but rather will be constantly evolving and
adapting to the needs of the frontier decentralized economy.
PUBLIC IMMUTABLE STRING[] VALUES =
dao5 embodies the following five core values:
-
Incentive alignment. Each dao5 portfolio founder will
receive a grant of future DAO5 tokens. We believe that economic
cross-pollination is essential to fostering a collaborative
community.
-
Meritocracy. Each contributor that submits a successful
investment proposal to the future DAO will be compensated
commensurate to the economic upside.
-
Privacy. dao5 works closely with pseudonymous advisors and
invests in projects built by pseudonymous founders. We believe
that individual and financial privacy are inalienable rights. We
do not invest in surveillance technologies.
-
Dunbar’s number. Some DAOs are optimized to attract the
largest possible number of members (often succumbing to a tragedy
of the commons). We are not. It is envisioned that DAO5’s
governance will be tightly held by a vanguard of aligned members.
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Occam’s Razor. “If there’s two evils in the world, it’s
centralization and complexity” – George Hotz.
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