We're Exploring the Unknown
We're building something new in terms of values and governance. Nobody can predict what we'll discover during this journey, because nobody has done it before.
"In crypto, there is one feature that has never existed before and that's TRUST!...
...You don't have to trust the government or Twitter and Facebook or the other people on the network, you just have to trust math."
The new killer feature on Ethereum is replacing the trust we give to Corporations with the censorship-resistant code of General Purpose Protocols.
New Tools Are Imperative
With respect to governance and values, we believe dApps need to liberate themselves from dependency on a well-known entity like how Ethereum did.
When we began working on this project, we asked ourselves if today’s challenge in the dApp ecosystem was really just about use cases. What about building the tools to develop independent dApps in a more inclusive and efficient way?
“We can prevent Corporate Capture in the Web3, if we focus our attention on the natural advantages of the Web3: Service and Governance have to happen on a Decentralised and Multi-Jurisdictional Basis"
Decentralized Governance is a new R&D field, in which the goal is to reinvent Human coordination.
DFOhub Works Better With No Owner
Our aim with DFOhub governance is to lose our control as founders, and become just one of the teams that works to improve the protocol, like how the Ethereum Foundation is one of the teams that works on Ethereum, but doesn't own Ethereum.
Everything on top of Ethereum is way better than web2 thanks to its cryptoeconomics.
But do we really need this level of decentralization if we use it just to trust new companies?
🔥 Hell No! 🔥
It's time to challenge the true potential of Ethereum! Let's R&D something crazy!
We called this R&D DFO (Decentralized Flexible Organization) DAOs on steroids, if you wish!
A Strategy to Lose Control as Founders
We have scheduled a step by step strategy to do this from now until DFOhub’s 1.0 release.
We have to start our journey with control of the situation. Otherwise, due to the speculative human soul of anonymous people, we might not finish it, and never realize our master plan.
How Voting Power is Initially Offered
The total amount of existing $buidl is 30.000.000
Initial Circulating Liquidity: 2,950,000 (9.8%)
(Oct 2020) max annual inflation: 672.000
initial Core Team Governance Strategy (CTGS):
These tokens are used to manage—via voting—the governance risks during the development of DFOhub 1.0. The DFOhub team will never sell these tokens outside from the scheduled fair inflation. (These tokens will be burned once reached advancement in the developing)
DFOhub Community Funds:
Owned by the DFOhub wallet ruled by $buidl token holders.
The DFOhub Community Funds can be used in DeFi apps, or even to invest in an Initial Boosting Offering (IBO), in order to accelerate the growth of dApps on top of a DFO’s protocol and accumulate voting tokens
The initial Core Team Governance Strategy empowers us with full initial control, but is designed to be subsequently lost during R&D and investment rounds.
This will allow us to manage challenges related to DFO Independence, without needing to become just another Enterprise-Owned dApp on top of Ethereum.
We're Here to Stay
$BUIDL is not money! $BUIDL tokens are Programmable Equities of the DFOhub protocol. We are not paying for our operations with $BUIDL, but with $ETH, $DAI and $USDC.
We will inflate the circulating supply of $BUIDL by 1.6% of the total supply over the first year and a half. When we deal with VCs, using the CTGS wallet funds, they will buy $buidl for the long run, and lock their funds for years to come.
In the following paper, you can find a detailed explanation of our Inflation Strategy, and why we worked hard to create a balance between DFOhub values and operations funds.
Understanding the Value of $buidl
$buidl is the first Programmable Equity ever made on Ethereum.
Token holders have full powers over the DFOhub protocol and assets, just as equity holders have full power over a real world company’s decisions and assets. We (the core team) can also vote and direct DFOhub—but only because we have our $buidl.
The value inherent to $buidl is in its utility to govern both the DFOhub wallet and its assets; the more the wallet grows, the more assets that are backing $buidl. This is the same as when real world company assets can function as supported value for their equities.
$buidl’s business model is to accumulate and manage small portions of the Programmable Equities (voting tokens) of future DFO-based dApps, by requesting a 1.5% Generation Fee (the rate can be changed via voting) during the Creation process.