Finally the paper about the Bisq DAO is ready and open for comment.
Very contrary to the infamous ICO models where people ask for a lot of money for whitepaper-ware we have a working platform developed by altruistic contributions and donations which is out since more than a year and we will distribute the ownership and management to those who have contributed to the project - those who helped to make a decentralized exchange reality!
So just to make it completely clear:
We are NOT doing an ICO and not selling tokens!
We distribute the tokens to many contributors (probably 200-400) who have supported us. Many of you who read this and who have used Bisq that will be part of that. More details about that process will be announced very soon.
As soon the DAO has launched the DAO tokens (BSQ) can be traded like any other crypto currency in Bisq.
We are also working on further material for communicating the DAO model (e.g. info graphics, one pager, web page text).
Any help very appreciated (and would help me to get earlier back to development tasks)!
The DAO itself will come in several phases. Phase 1 is basically implemented but needs a bit extra work and testing. I hope we can release it in a few weeks. The second phase which will include voting and periodic issuance is expected to be ready in about 3 months.
We have split the content in 3 documents:
Please let us know what you think about it and if you see any issues with it or if you have any questions.
If some areas are unclear please feel free to comment in the document (please read all before - probably many things get more clear after you have finished reading).
Thanks a lot to Mat-Erik Pistol, Mihail Mihaylov, Nozomi Hayase, Chris Beams and others who helped improving and reviewing the paper!