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Can a Polkadot developer techie help please: A token on Polkadot Asset Hub with its own DAO possible?
I've long been reflecting on a token on Polkadot Asset Hub with TOKEN/ DOT liquidity pair that may provide Polkadot with a Solana-Bonk moment to catapult DOT shortly to $150B+.
No, it won't be a meme — it'll function as a financial instrument in the traditional sense and in such a way to possibly ensure the involvement of the ultimate price catalyst, the highest-profile individual (not as a mere Ponzinomics arrangement, but as a real, sustainable business, the likes of which has never been seen in crypto).
I will share the paper with the details as soon as I sort out the technicalities and partnerships.
Any Polkadot developer down for the opportunity to partner up within the scope of an exciting new concept?
First things first:
Is a token on Polkadot Asset Hub with its own DAO possible? If no, any other solution for a token to be paired with DOT liquidity and to have its own DAO, perhaps a parachain solution?
Comments (2)
Hi! I'm the founder of Virto, we have developed DAO infrastructure in Kusama for the common good, soon you'll be able to create your DAO with DOT, other stable coins and fiat as well(besides KSM). Our DAOs use the same (but supercharged) governance infrastructure as OpenGov and can issue tokens in AH controlling their issuance permissionlessly with smart contracts over XCM. Happy to partner up or chat more about your use case to fully support it in our platform.
@danielo Thank you for your response. And your contributive efforts for the Polkadot ecosystem, I appreciate it.
The easiest way is to integrate Townhall into the Assethub token like DED did back in the day.
https://ded.townhallgov.com/proposals
You only get polls so any action gets executed by the holder of the keys like any DAO 1.0 (Arbitrum, Optimism, Olympus, etc.). Automatic enactment of votes is only possible if you have the democracy pallet or when AssetHub evolves to have execution.