The Cube Within the CUBE
Evolution of the DAO
A Decentralized Autonomous Organization (DAO) is a blockchain-based digital entity, leveraging the power of smart contracts to create a system of transparent, community-led decision-making. Blockchain technology’s security and immutable ledger lends itself well to solutions for voting and other processes which require traceability with regard to multiple collaborators. There are many types of voting structures utilized by DAOs, ranging from simple “one person, one vote” systems to more complex representative democracy systems.
“In many ways, a DAO is the pinnacle of decentralized ideology, placing the decision-making power for a project into the hands of its holders…”
DAOs dominated the narrative in cryptocurrency at the end of 2021, with projects eager to find ways to capitalize on the concept and stay abreast of the current trends. In many ways, a DAO is the pinnacle of decentralized ideology, placing the decision-making power for a project into the hands of its holders and allowing the voice of the people to be heard. Establishing a DAO was and is considered a progressive act by a project’s founders, surrendering control of various parts of their precious concept to the community they’ve cultivated, like proud parents watching their child head out into the world.
At least, that was the idea.
In reality, DAOs as a whole have been a topic of discussion due to the varying levels of success and engagement that projects have achieved with their implementation. While there are several examples of very efficient and successful DAOs in the market today with active voting bases, there are also many that have fallen by the wayside, a forgotten roadmap checkbox with uncommitted developers or disengaged communities. These unsuccessful DAOs can often be attributed to low cap projects who sought to use the DAO concept to generate artificial hype and positive price action, rather than as a strategic tool to benefit the project and its holders.
That’s where Z³ intends to change the game.
Z³’s CUBEDAO³ is designed specifically as a tool to allow the community to bring meaningful initiatives to fruition. The Z³ team believes deeply in the power of decentralization, and even in the very early stages of planning for Z³, establishing a DAO was a key milestone for this project. If ZEV³ is the engine that powers Z³, CUBEDAO³ will be the drivetrain, steering the project towards its most successful path.
“If ZEV³ is the engine that powers Z³, CUBEDAO³ will be the drivetrain…”
With CUBEDAO³ being tasked with such a critical role within the Z³ ecosystem, it was incumbent upon the team to ensure that the contract was flawless. With someone like Sir Tris at the helm, it’s easy to feel relaxed, but we submitted our CUBEDAO³ contract for auditing nonetheless, and are happy to say that it was found to be immaculate, as expected.
Now, one of the biggest factors that separates CUBEDAO³ from many other DAOs is its close relationship to ZEV³, whose success will have significant benefits for the project as a whole. In many instances a project’s holders may not have the time, attention, or interest in utilizing a DAO, especially when the proposals being voted are complicated or have no effect on them as holders. CUBEDAO³ solves this by giving the DAO direct influence on potential projects and revenue distribution that is generated by ZEV³. With ZEV³ positioned as the primary revenue stream for the project, this means holders will have nearly full control of funding allocations for development, marketing, and the future of Z³.
But CUBEDAO³ does not consist of just one layer. At the heart of it lies the pinnacle of decentralized power, an elite group of Z³ holders that will make up… The Cube³.
At the intersection of CUBEDAO³ and ZEV³, sits The Cube³. The Cube³ could be described as the high council of the DAO, dedicated specifically to financial decision-making regarding ZEV³ and Treasury Funds. The Cube³, a group consisting of the Top 100 holders of Z³, will be responsible for the serious task of reviewing projects seeking not only to utilize ZEV³ for their launch, but also the funds necessary to establish their liquidity pool.
“…the Top 100 holders of Z³ will be responsible for the serious task of reviewing projects seeking … the funds necessary to establish their liquidity pool.”
You see, Z³ has reiterated time and again that our main focus is to remove the barriers that preclude people from participating in the cryptocurrency space. Just as ZEV³ will act as a standalone contract development and launch platform, The Cube³ will act as an angel investing group of sorts, determining projects with promise to assist financially through liquidity provisioning.
So how does it work? First, a proposal would be presented to the CUBEDAO³ for liquidity provisioning for a particular project seeking to launch through ZEV³. Once the proposal has been initiated, all Z³ holders will have the opportunity to weigh in on the merits of the proposal, the project, and the contents of the presentation contained within the proposal. If approved the proposal would go before The Cube³, who will take a deeper look at the project, perhaps speak to the person or group requesting the liquidity provisioning, and ultimately decide whether they deem it worthy to use Z³ Treasury Funds to support.
“If a project is approved by The Cube³ and receives financial support at launch, 0.5% of the taxes built into the contract for that project will feed directly into the Z³ treasury for the first 30 days after launch.”
Where this process has a direct benefit to Z³ as a whole is in the way that we structure the liquidity provisioning rules for projects in need. If a project is approved by The Cube³ and receives financial support at launch, 0.5% of the taxes built into the contract for that project will feed directly into the Z³ treasury for the first 30 days after launch. This small percentage of taxes and relatively short time frame represents a very manageable, temporary tax for the project, while also ensuring that the Z³ Treasury will not only recoup its original investment, but generate a measure of profit depending on the success of the new project.
The coming days and weeks will be like no other for Z³. CUBEDAO³. The Cube³. ZEV³. Change is coming… Z³ is coming.