DBA hopes to use the concept of distributed business to build an open, co-constructed, shared and mutually beneficial blockchain industry innovation ecosystem, so that all industry participants who are committed to the long-term and healthy development of blockchain can discover and recommend high-quality blockchains Entrepreneurship projects, and become producers and users of these projects, and get benefits.
Specifically:1. We will build an open, shared and mutually beneficial global distributed business accelerator based on the concept of distributed business. This accelerator will be open and welcome all blockchain practitioners and entrepreneurial teams to join. All participants are equal and will share the resources in the ecology;
2. Our ecology will give full play to the role and value of tokens. In this ecology, we will gather many participants in the industry, and all participants will participate in the collaboration within the ecology through the accelerator's native tokens and each project's own tokens. We hope that technology will no longer be a sign and barrier to divide different public chains and community cooperation, but can allow all participants to connect more appropriate resources in the DBA accelerator, collaborate more effectively, and achieve greater value;
3. We will design a governance structure based on the spirit of distributed commerce to govern the ecology. In our governance structure system, the following points will be the main early measures:
1) We will adopt a distributed governance architecture. Distributed governance architecture is a combination of centralized operation and participant autonomy. We will build a free ecosystem for all participants to freely connect, trade, and collaborate; at the same time, we will also provide support services including technology in a centralized and centralized way, as an infrastructure to provide all participants;
2) We will issue accelerator tokens and use them as ecological use and transaction vouchers. At the same time, we also welcome other tokens to enter our ecology and use them freely;
3) We will design an appropriate incentive mechanism so that all value creators in the blockchain industry can get a reasonable return;
4) We will build a more efficient token mechanism to help the blockchain entrepreneurial team put tokens more accurately.
Structure and function1. Economic model and token mechanism
The community will provide a token (temporarily named "DBA coin") to form the value circulation, ecological incentives, ecological connections, and incentive distribution identification of the entire community. Actions that contribute to the community can be rewarded with community tokens, and malicious behavior in the community will also be punished by deduction of tokens. The core function of the token will be used as a token reward mark. In the future, all ecological participation projects can reward the community with tokens, and the reward will be positively correlated with the token holdings. In addition, tokens will also become the main proof of community value circulation.
2. Community Identity
The community will provide all community members with two sets of identity management systems, certified and non-certified identities. Based on this digital identity, people participating in all community activities can be motivated and guided. The dual identity system can meet the different needs of all participants for participation and identity management. In our design, participating certified members will be given higher levels of permissions and incentives. These permissions and incentives include when the community motivates users in the future, certified members will get a higher coefficient and ratio, and more when the investment quota is locked. High participation quota and more convenience when enjoying community services. Incentives for members participating in non-certified identities will be adjusted accordingly.
For each community member, we will customize its identity characteristics based on user data, and define each identity tag from multiple dimensions such as community activity, project recommendation, service provision frequency and quality, community influence, etc., to facilitate future selections Community projects can reward community members with designated tags according to their own needs.
3. Two core functions
In the early days, our economy will provide two major functions: project recommendation and voting and mutual assistance services. Our purpose is to help more high-quality projects obtain a combination of capital, technology, and talents, and to help more high-quality blockchain projects grow. It is initially envisaged that the two core functions will be directly available to community members in the form of websites and mobile apps. Project recommendation/self-recommendation portals and service transaction portals will be set up on the website and mobile App. Both sections will be maintained by dedicated technical personnel and operating personnel in the foundation.
A. Project recommendation-voting system
The community will provide a project selection system to guide people with project channels in the community to spontaneously become explorers of community projects, and at the same time give rewards beyond the venture capital system, so that capable people can participate in mining more outstanding teams and contribute The possibility of the development direction of the project, and after each project is successfully recommended as a community-recognized project, token incentives will be obtained.
Project recommendation-the voting system will be recommended and voted by community members in a distributed manner. For the judgment of the project, we will adopt a centralized method to make investment decisions.
Currently, the project recommendation-voting preliminary idea is as follows:
1) A project needs to go through the following steps from community recommendation to completion of investment: project recommendation-community screening-accelerator investment committee decision-fund lead investment-project publicity.
2) The recommended members to participate in the project must all be certified members;
3) Certified members will receive DBA coins;
4) In addition to publishing related recommendation reports, project recommendations or self-recommendations are required to vote with DBA coins. If community member A approves project Z, then X DBA coins can be voted for project Z. The advantage of this is that the value of DBA coins can be used to evaluate the project, and the market measurement standard of DBA coins can be quickly formed. The current practice is that the DBA coins held by users directly vote through smart contracts.
5) In order to prevent members of the community from maliciously brushing out DBA coins through frequently recommended projects, members are also required to strengthen their
Project review, after the project’s main chain goes online in the future, members must pledge some DBA coins when making project recommendations;
6) The community will commission accelerator overseas entities to conduct final investment evaluation on recommended projects;
7) Projects that receive accelerator investment from overseas entities will obtain considerable benefits, including accelerator investment and community services.
B. Community crowdsourcing and mutual assistance
Entrepreneurship in the blockchain world is a win-win cooperation model and a matching of resources. The DBA community will provide sections for startups and community members in the future to match appropriate resources, including resources such as operations, capital, and technology. Our ecosystem will create a blockchain service docking platform to help all participants in the ecosystem realize the free docking of resources.
4. Application, service and cooperative access
With the continuous development of the DBA community, the community will access more services, such as media, incubators, exchanges, foundations, etc., to form interaction and synergy with more ecosystems, and further improve and expand the services of the community.
Cornerstone Projects:
At present, some mature projects and future projects that are recommended by the DBA community and reviewed by the accelerator investment committee will become the cornerstone projects of DBA. The cornerstone project will provide token incentives to DBA community projects in accordance with certain rules and proportions, and will exchange DBA tokens at the negotiated ratio and ratio. As a cornerstone project, its services and functions will be deeply integrated with the DBA community, including shared community identity and account systems, priority mobile client entry, etc. According to the respective development of the project, through community voting and DBA foundation processes, it can be timely for the cornerstone project Make adjustments to choose the best and eliminate the inferior.
Cooperative projects (Stone Projects):
Excellent projects in the global blockchain community can become DBA cooperative projects through community voting, DBA foundation processes, and friendly negotiations with the project foundation. The cooperative projects will provide token incentives to DBA community projects in accordance with certain rules and proportions. At the same time, it will be swapped with DBA tokens at the negotiated rate and ratio. As a cooperative project, its services and functions will be integrated with the DBA community. According to the respective development of the project, through community voting and the DBA Foundation process, cooperative projects can be adjusted in time to choose the best and eliminate the inferior.
In addition, DBA will actively expand cooperation with mainstream blockchain technology projects and foundations, and cooperate in technology promotion, team selection, token incentives, and community building.
5. Target participants of the community
Based on the concept of converging blockchain ecological producers and users, the DBA community will expand community participants in a distributed manner. The initial participants will include but are not limited to: (this part seems to be modified by the outside world but I do not know where the modification is)
a) The coin address of ERC20 projects with excellent investment records;
b) Blockchain related active users on professional social platforms such as Linked-in;
c) Active members of technical communities such as CSDN;
d) Active addresses/users of blockchain applications such as Steem-it;
e) Users of Git-Hub
f) Other channels that can identify blockchain producers, such as EtherFans, etc.
6. Community distributed management model
The management of the DBA community will be based on the concept of distributed commerce, and try to find an appropriate balance between centralization and decentralization in order to realize the huge potential of distributed commerce. The preliminary plan for centralized and decentralized business and functional division of labor is shown in the following table:
DBA's technical system will be based on the concept of distributed commerce, organically combining centralization and de-neutralization technologies, including:
1. The initial idea of ​​the token system is to manage and issue tokens based on a public chain that provides cross-chain capabilities. With the development of blockchain technology in the future, the underlying public chain technology can be upgraded in a timely manner;
2. Identity management and account management, using mature centralized technology to build a compliant and secure account and identity system, including two sets of identities and accounts for authenticated users and non-authenticated users, to provide support for different application scenarios;
3. The mobile client, as the main hosting platform of the DBA community, provides multilingual (Chinese and English versions are provided in the early days) mobile client software;
4. Data, technology platform and operations;
5. Mobile wallet, looking for a mainstream wallet application as part of the basic services of the DBA community, and the wallet project has become the cornerstone project of the community.
DBA token mechanism design1. The design goals of DBA tokens
The DBA token is the core element of the DBA community's co-construction and shared collaboration mechanism. The identity verification of community members, participation in team voting, recommendation of new community members and new entrepreneurial teams, as well as the time, intelligence, and contribution of members to the community are presented in the form of DBA tokens to create real Excellent early blockchain projects obtain the resources needed for early development and a benign ecology for users through community collaboration, and realize the long-term sustainable development of the community.
2. Design principles
The DBA token mechanism is formulated, implemented and modified by the DBA Foundation, and the amount of token rewards is determined by the contribution of various community activities to the community. The specific mechanism will be continuously adjusted and improved in the operation of the community based on actual conditions. The DBA Foundation has the final right to interpret the DBA token mechanism.
1. The total initial issuance of tokens is 1 billion, Ethereum ERC20 tokens
-Project team and angel investors 20% (early lock-in)
-18% reserved for the issuance of DBA Token (no plan, reserved by the foundation)
-22% of the initial investment in the community (in phases)
-30% reserved by the foundation
-10% for community construction (Corner/Cooperative Project Exchange)
2. Registration and user authentication
No tokens will be given for each user registration, and 60DBA tokens will be given for registration and certification.
3. Referral rewards
After the recommender recommends new users to join the DBA community and completes the real-name authentication, they can get tiered token rewards. The specific method is:
First-level invitation rewards:
If the invited user invites the new user to complete the real-name authentication again, the first inviting person will receive a reward of 10 DBA/person on the basis of the above-mentioned rewards.
4. Follow-up function
4.1 We will set up the "follow-voting function", that is, users can entrust DBA tokens to KOL, and KOL will vote for the project. If the project finally receives investment, KOL will eventually get 20% of the token incentives (including DBA and project tokens) received by the follow-up users. This feature will be launched before the first vote.
4.2 In order to encourage users to actively analyze and judge projects and participate in community construction, instead of relying on KOL voting judgments, in the future, we will limit the number of users participating in follow-up voting.
4.3 After the investment is completed, KOLs need to release an investment review report on the investment project before they can withdraw 20% of the token incentives for the follow-up users. The report is free for all follow-up users to read, and non-follow-up users need to spend a certain amount of DBA currency to read it. The reading price is determined by KOL.
5. Voting
5.1 Members will consume a certain amount of DBA tokens each time they vote, and the consumed tokens will be used by the foundation for the operation of the DBA project. The DBA consumption corresponding to each vote will be announced by the foundation before each vote.
5.2 In order to promote community participation, for the DBA tokens consumed in user voting, 1.1 DBA will be rewarded for every 1 DBA consumed.
5.3 Participants in each period have the opportunity to obtain dual incentives of project tokens and DBA tokens.
6. Token incentives for investment projects
On the basis of community voting recommendations, the DBA Foundation commissioned DBA Ltd. as a professional accelerator organization to independently select outstanding teams from all participating teams to complete the early investment of the project. Users who have invested in the project can get dual incentives of project tokens and DBA tokens at the same time. Specifically:
A. Project token incentives
The team that completes the financing needs to give a certain percentage of tokens to the DBA community within a certain period of time. The specific percentage is determined by the team and announced in the project information. The distribution mechanism of this part of the token is as follows:
6.1 20% of the DBA Foundation, reserved on behalf of the DBA community;
6.2 The community shares 80% of project tokens. This part of the tokens will be distributed among the first project recommender, all voting users, and all successful project users at a ratio of 20%, 40%, and 40%. If there is no first recommended user, the token reward share belongs to the foundation.
B. DBA token incentive
Users who invest in the project can get a certain amount of DBA token incentives. The rules of the DBA token incentive reward pool are announced by the DBA Foundation to the community 5 days before the current vote.
In addition, we will give a reward of 100,000 DBA/project to the first user who recommends a project to enter the DBA community to encourage more users to recommend excellent projects to join the DBA community.
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