eosDAC is a world-leading eos.io block producer. As an evolving decentralized autonomous community, eosDAC is committed to producing blocks to serve the EOS community around the world. eosDAC is developing the tools and smart contracts needed to operate and sharing them with other EOS communities to help them work better on the EOS.IO blockchain. The eosDAC tokens are 100% given away to the EOS and eosDAC community.

Project History

eosDAC was born from the concept of Dan Larimer's Decentralized Autonomous Community (DAC), the EOS software developed by Block.one led by Dan Larimer and Brendan Blumer.
An early report from Block.One mentions that the EOS.IO software will usher in the "DAC Era". They show how DACs are more transparent, auditable, trustworthy, and inclusive than existing companies, and how this will lead to DACs being extremely competitive.
eosDAC has the same vision on how DAC will replace the existing business operation model. We believe these new business models can inspire us to rethink what a company should look like. Blockchain technology doesn't just consume environmental resources, it also introduces new business opportunities to create value and give it back to the community. All parties related to DAC will be incentivized to continuously add value to it, thereby stimulating creativity and driving growth.
To realize this vision, DAC needs some tools that don't exist yet. eosDAC will develop these tools and, through its commitment to open source software, share them as DAC toolkits that anyone can use to set up and run a DAC.
The DAC toolkit is being developed and will include core concepts such as membership, voting, custodians, and proposals. Any account holding EOSDAC tokens can become a member and have the right to benefit from the DAC, as well as run for custodians, vote for custodians, and submit proposals. Custodians are the decision makers of the DAC, elected through continuous voting and accountable to all members. Proposals will be voted on by custodians, and once approved (subject to available funds), will be implemented, checked and paid out. All proposals will provide some deliverables and benefits to the DAC ecosystem.
The DAC tool kit is needed to ensure that all the different gears of the DAC machine run smoothly.
Other DAC structures and tools will be supported over time. We envision other individuals, organizations, and DACs all joining in building this toolkit. In addition to software, the toolkit will include best practices for legal and regulatory guidance in different jurisdictions. This will also include Amway research to which eosDAC is committed.
eosDAC will continue to provide DACs with a suitable "software out of the box" structure to interact with the global legal and financial systems, in fact providing everything needed to support new DACs being established and thriving.

Project advantages

As an EOS token holder, you own the EOS. Voting for an EOS block producer is like voting who is in charge of managing your property. Who manages your estate matters a lot.
As an autonomous community, our business is visible and reproducible on the blockchain. If you join as a member, you can submit project plans as work proposals to custodians, and if they approve, you can get paid accordingly.
Blockchain technology enables decentralized autonomous communities to have the power to replace corporations, and over time these communities will foster the concept of decentralized autonomous communities within larger institutions.

Application scenario

EOSDAC tokens allow holders to sign the charter and become eosDAC registered members in the membership client. The more tokens you own, the more staking you can potentially get.
As eosDAC members, registered token holders can vote for custodians who can represent their interests. Custodians will distribute DAC revenue by signing on-chain multi-signature worker proposals.
EOSDAC registered members and token holders may receive airdrops from project parties who use the eosDAC DAC factory to start their own DAC.
Registered EOSDAC token holders will be eligible to submit staff proposals to contribute and get paid for eosDAC and the EOS ecosystem.
Registered EOSDAC token holders may be eligible for profit distributions if the elected Board of Custodians votes in favor.

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