AlgoDAO's DAO
What is a DAO?
Decentralized Autonomous Organizations (DAOs) are community-owned and community-driven entities with no centralized leadership. DAOs are organized around a specific set of rules enforced by smart contracts, and their treasuries are only accessible by community approval.
What is different about AlgoDAO’s DAO?
DAO is a generally broad term and AlgoDAO is a DAO in the sense that it is a community-owned and community-driven project managed with smart contracts and shaped by community proposals. What differentiates AlgoDAO from the broad DAO sector is that AlgoDAI is functionally an accelerator managed as a DAO.
Another important feature that differentiates AlgoDAO is a dual-token model that gives members a SIGMA pool allocation exposure to every project that goes through Algodao irrespective of the size of their ADAO stake.
What are the different membership hierarchies of the AlgoDAO?
There are three major hierarchies of membership participation in AlgoDAO; namely: Vanguard, High Council, and Federation. The membership tiers are used to determine what obligations, access, and benefits are available to members of the DAO.
Vanguard
The Vanguard is AlgoDAO’s highest membership tier, and members of the Vanguard can access projects at both the Pre-Money Financing (PMF) and IDO stages.
High Council
The High Council sits below the Vanguard in membership in the hierarchy, members of the High Council can either access Pre-Money Financing (PMF) or IDOs, but not both.
Federation
The Federation membership tier is open to everybody that wants to participate in AlgoDAO. Federation members who stake ADAO tokens can participate in IDOs, but not PMFs. Federation membership is further divided into the following categories/tiers.
Federation Tier 1: Ensign
Federation Tier 2: Lieutenant
Federation Tier 3: Vice Admiral
Federation Tier 4: Flagship Commander
Federation Tier 5: Fleet Commander
Can I upgrade my membership tier?
Federation members can upgrade their membership by delegating their stake to collectively get High Council membership. High Council members can also become Vanguard members if they can convince the Vanguard to unanimously vote to accept them in the Vanguard.
Can my AlgoDAO membership be revoked?
If members act maliciously, the AlgoDAO community can propose a vote to determine the best way to address the circumstances. Vanguard and High Council can generally vote out their members (where necessary), but the community ultimately gets a chance to shape how memberships can be retained or revoked.
How can I become a member of AlgoDAO?
Membership in AlgoDAO is easy but it takes different routes depending on the membership hierarchy that interests you.
The Federation membership tier is open to everybody that wants to participate in AlgoDAO in as much as they are willing to stake ADAO tokens.
You can become a member of the High Council if other Federation members delegate ADAO stakes required for High Council membership to you.
The Vanguard is a closed group and it takes the unilateral decision of existing members to admit new members.
To become an AlgoDAO member, all you need to do is to stake ADAO tokens.
How do I end my AlgoDAO membership?
To end your ADAO membership, all your need to do is to unstake ADAO and you stop being a member.
What benefits do AlgoDAO members enjoy?
AlgoDAO is a community-owned and governed ecosystem and being a member qualifies you for the following benefits and more;
Depending on your membership tier, you can get direct priority access to PMF rounds, Seed Rounds, and IDOs to high-quality projects being built on the Algorand ecosystem
Depending on your membership tier, you can vote on which projects can be admitted into AlgoDAO’s incubation, accelerator, Launchpad, or IDO programs
Depending on your membership tier, you can propose projects to AlgoDAO for acceleration
Depending on your membership tier, you can set forth governance proposals for Algorand and vote on such proposals
Members can participate in SIGMA minting and farming to earn the tokens of projects incubated, accelerated, of IDOed through AlgoDAO
You are in the driver seat of the evolution of the Algorand ecosystem. We bring the projects and you as a member can observe and participate
You gain access to the tokens before they are on the market
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