This article was first published on Horizen
The Horizen Treasury and Voting model is one of the most elegant Decentralized Autonomous Organization (DAO) models in the market. We are very excited to work with IOHK and InfoPulse to deliver a highly complex programmatic solution to the Horizen Treasury System.
As an interim solution, the legal entity for Horizen, allocates 20% of mining rewards to fund integrations, engineering, marketing, research and development, and more. This funding model enables us to continue growing even in a down-market.
No human-in-the-loop: A DAO for fairness & transparency
We previously described the Horizen and IOHK Partnership that is set to deliver two important projects:
- DAO Treasury and Voting proof-of-concept that enables a programmatic approach to allocate resources.
- Horizen Sidechains and Sidechain SDK
The main purpose of the Horizen DAO Treasury and Voting model is to establish a decentralized and censorship-resistant funding mechanism for development and maintenance of the Horizen platform.
This model combines years worth of economic theory and cryptography to alleviate voter apathy.
What is voter apathy? Think about the U.S. two-party system. At times, you may or may not agree with the Republican and/or Democrat parties, but you don’t believe a third-party has a chance to win. Therefore, you vote for one of the two instead or abstain from voting.
Think of a voting system that cannot be manipulated, where individuals are paid to vote, and voting results are kept secret until the end. Or a voting system where you can vote to fund projects you value. How will this type of system impact our lives? We believe the Horizen DAO Treasury and Voting model will change the world and be implemented in various types of organizations or even countries!
How does the Horizen DAO work?
The Horizen Treasury Model is ...
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