In this blog post, we will walk you through the process of creating a DAO (Decentralized Autonomous Organization) on the Juno Testnet, as demonstrated in CryptoSI DAODAO’s first episode video.
The goal of this video is to launch a DAO called CryptoSI DAODAO, which will have a one-token, one-vote system and plans to allow NFT voting in the future. The tutorial highlights the key steps involved in creating a DAO on the Juno Testnet, making it easy for beginners to follow along.
Here’s a summary of the main steps in creating the DAO:
- Setting up the DAO: The creator allocates 100 million tokens for the DAO, with 90% going to the treasury and 10% to the creator.
- Establishing voting and staking parameters: The unstaking period is set to one week, and the voting duration is set at four weeks.
- Configuring advanced settings: The advanced settings include a 7% quorum, multiple-choice proposals, re-voting, and open proposal submissions for anyone.
In the video, the creator also discusses their thoughts on the user interface and potential areas for improvement, such as the option to allocate 100% of tokens to the treasury or make the core contributors’ section optional.
For a more detailed explanation and to see the entire process in action, watch the full video tutorial here.
Stay tuned for upcoming episodes in the CryptoSI DAODAO series, where the creator will demonstrate how to stake CRDT tokens, set up proposals, and create sub-DAOs. Additionally, be on the lookout for a new gaming YouTube channel from the creator’s child, Roman, featuring games like Fortnite, Destiny, Roblox, and Minecraft.