This article was first published on NEM
NEM & DAO Maker
We are aware that a recent tweet relating to the partnership between NEM and DAO Maker has caused some questions in the Community. This post is a clarification of the relationship, planned activity and opportunity to ask further questions.
Q: Are you building a Nem DAO?
We are not creating a DAO but a community engagement and communications platform.
Q: Isn’t DAO Maker an Ethereum project?
The solution does not run on Ethereum for our implementation, it is an off-chain solution that only connects to NIS1 and, ultimately, Symbol. Ethereum will not be involved in the NEM implementation.
Q: The DAO Maker white paper table of contents makes it look like a Steem project?
The platform is not based on Steem, the use of that project in the white paper was to facilitate discussion around Community engagement and governance. Steem will not be involved in the NEM implementation
Social Mining is a blockchain-agnostic community engagement SaaS that allows the token holders of a particular project to collaborate on work, ranging from development tasks, business development, marketing, sales, and virtually anything else that helps improve the project ecosystem.
Participants in social mining are token holders that:
- Stake their tokens in a non-custodial wallet
- Prove ownership of the wallet
- Maintain their stake till the conclusion of monthly reward intervals
After staking their tokens and doing work that helps grow the associated project’s ecosystem, holders are rewarded in the project’s native token on a monthly basis. All token holders have the right to close their staked position at any point but would consequently forego their monthly reward.
The community hub created through Social Mining offers an organized platform for project information created by ...
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