AlphaDAO
NoniusBeen thinking about this concept. Not Numerai token. fuck that. we don't want people to have to buy some crap token that doesn't match performance. Imagine you are a YEN based person and a platform asks you to buy a token tied to Turkish Lira performance. Lols, its kinda lame unless you quanto stuff. we'd love to have a stable coin token that we dribble on all scientists who submit signals. the stable coin would be backed by another more heavily collateralized stable coin, but with a yield. lots of details, regulatory and otherwise. we worked on all these weird angles over the last two years. It's no wonder Numerai launched what is called a "Utility" token. a lot of complexity in this front. I think we are leaning towards an alphanova stable coin with yield wrapped around a proper stable coin for backing.
Having said that, we'd love to have Dao token that we organically launch with no crypto vcs backing and, initially, no promise of liquidity, in which NovaDao holders have rights to vote on stuff. Anti Boomer stuff. we allocate to active participants who submit signals and are active on discussions and so on. like a global leaderboard sort of thing.
would love to here your views.
NONIUS
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Nonius1mo agogiven the thread on "Exploit Cheating", this is a very good example of having some sort of DAO that allows for votes on such matters. of course, wed' have to mitigate people buying the DAO, just to game things. It's an interesting problem to solve. the idea by the DAO though is not to get some massive crypto VC seed to build it, we can do it organically, hell, I could vibe code the token myself! And it's not necessary to see the token rise in value. more of an internal community thing. maybe, down the road, there is a token appreciation aspect but that's not the initial thoughts on it. we could in theory grant some DAO to all participants and weight the amounts according to "reputation".
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