Introducing ParaDAO

ParaDAO provides tools for communities with the same passion / shared interests to come together to organise amongst themselves to achieve a common goal. The decentralised application that allows communities to create a DAO easily with out of the box governance models for managing:

  • DAO treasury (moving of funds to certain purposes: host an event (offchain), staking / swapping (onchain))
  • DAO details (Updating some onchain /decentralised storage data of the DAO)
  • Proxy execution ( Enable the DAO to take part in other DApps, for example joining / voting in another DAO )
  • Oracle for prediction market creation and referee

ParaDAO is not only a tool, it in itself is a DAO and members are the DAOs created. This ensures that ParaDAO continues to provide useful features to support the community.

Discover our features relating to:

Components (Current)

  • A parachain node with the pallet-contract to host the set of smart contracts for DAO creation
  • A relay chain node to simulate communications with the Relay Chain and other parachains
  • A frontend to allow users to create DAOs easily, allow DAO members to do proposals, votes, and integration with the Zeitgeist SDK
  • Managed IPFS node for storing metadata for DAOs and Prediction Market information in Proposals

Why Ink!

We have use Ink! because it was important for this set of tools to be easily deployable on different parachains.

ParaDao is a tool to allow people to collaborate in the most convenient way, and would like to be available for any chain that supports the substrate's smart contracts.

Inspiration

This project is heavily inspired by many project that have been very well thought out. We adapted our own twists as a PoC for the hackathon but we would like to credit:

  • daodao.zone
  • daohaus.club
  • xdao.app

Try it out!

  1. Please fund yourself with paradao parachain tokens (to create, join, propose and vote) with wss:://paradao.space/paradao
  2. Also fund youself with Zeitgeist dev tokens (to create prediction market and buy OST) with wss://paradao.space/zg
  3. Head over to paradao.space 🚀

Note: the Paradao Parachain has a block time of 12 seconds, please be patient

Note: if you made the proposal, your vote has been counted and you cannot use the same account to vote again