It’s funny to see Binance listing $15 million market cap tokens, but they make it nearly impossible for strong founders to have a conversation with the listings team unless you have backing from “Tier 1” investors outside of “social proof”.
And when they do, founders pretty much have to make a ton of concessions and followed by recapitalizing the cap table. Maybe it’s the recent regime change within Binance but the current way has to change.
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1/ How do we get DAOs, decentralized teams, contributors to operate as efficiently as traditional companies?
Disable Discord for the community and remove it publicly
Stop on boarding the public to your community and focus on mission aligned front line contributors to start.
2/ Opening up your community is negative across the board. You attract mercenaries that create more noise than signal and dissuade contributors that want to contribute
Imagine your Discord with notifications re: token price discussions?
Focus on front line contributors.
3/ What exactly is a front line contributor? They are community members with a certain skill set and fixed time allocated for the DAO
Whether its engineering, product or any skill set the DAO is seeking. Over time this will become an organic funnel of talent that flows into it
1/ After spending a year working on @alliancedao, I have come to the conclusion that most DAOs will probably fail. Why?
2/ Regulations – If you don’t have regulatory clarity on the mechanism design of your DAO then I am assuming you don't have monetization down. Both go hand in hand. Lawyers / Legal firms are in high demand so founders will either have to learn or likely breaking regulations
3/ Products – If you are a DAO with community and no product offerings, then it will be hard to create an enduring DAO that can scale through good times and bad. By having products you can monetize and grow over time.