|All Time High:|
|Market Cap: |
|The last known price of #GEN is $0.00641 USD.|
Please note that the price of #GEN was last updated over 130 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #GEN statistics should be considered as 'last known value'.
The lowest GEN price for this period was $0, the highest was $0.00641, and the exact last price of GEN was $0.00640675.
The all-time high GEN coin price was $0.91.
Use our custom price calculator to see the hypothetical price of GEN with market cap of BTC or other crypto coins.
|The code for DAOstack crypto currency is #GEN. |
DAOstack is 4.5 years old.
|The current market capitalization for DAOstack is not available at this time.|
DAOstack is ranked #15525, by market cap (and other factors).
|The trading volume is weak today for #GEN.|
Today's 24-hour trading volume across all exchanges for DAOstack is $289.
|The total supply of GEN is 60,000,000 coins, which is 100% of the maximum coin supply.|
|Note that there are multiple coins that share the code #GEN, and you can view them on our GEN disambiguation page.|
Common Good is a blockchain-based application enabling the coordination and motivation of stakeholders in producing common goods. Written with Latif Eliaz, Ido Gershtein, Shahar Oriel and Nimrod Talmon. — Introduction - A common good (CG) is a product or an outcome which benefits almost everyone in a certain community,¹ may it be a neighborhood, the Ethereum ecosystem, a nation state or entire civilization. As such, everyone in that certain circle has the interest to see the common good produced, while no one has the incentive to produce it on their own. The total benefit to all people in a community gained from a common good goes above its total cost, by the definition of a common good; but, its gain per individual or entity is much lower than the cost of its production. The inability to act on it is a mirror manifestation of the tragedy of the commons.² Today, countries, municipalities and NGOs are the entities that supposedly take care of common goods, but their capacity to do so is very limited due to their centralized structure. They are limited by the relative ineffectiveness of centralized constructs — in sense-making, scalable action, engagement and alignment of interests, and more severely, by the personal interests of the people steering them, which often override their interest to take care for the benefit of the community they are in charge of steering. Indeed, neglecting such common goods is one of...
DAOstack in 2021
In 2018, DAOstack launched an ICO with the promise of creating a modular and unopinionated DAO framework. Back then, DAOs were for the most part, just a concept. Today the DAO landscape looks very different and DAOs have become one of the hottest trends in the crypto space. Below is a look back at 2020, and some of the opportunities we are excited about as we start the new year. — A look back at 2020 - Wrapping up Genesis DAO Shortly after DAOstack raised funds in their ICO, Genesis DAO was launched. It survived a hack, grew to nearly 300 members, and had hundreds of proposals submitted and were funded by the DAO — from creating interactive video experiences to funding other DAOs. Genesis played a key role in helping guide our product development, and fostered a global community of contributors and thinkers curious and passionate about the decentralized future. In March 2020, the Genesis DAO experiment was halted to allow us to shift our focus on building a new app, Common. Genesis DAO was an extremely valuable experiment in the early stages of the company that helped forge a number of relationships and helped guide our thinking on DAOs. As a bonus, a number of Genesis DAO members have continued contributing significantly to the DAO space post-Genesis DAO, which is something we are deeply proud of :) A shifting market, and reevaluating our value proposition 2020 saw an absolute explosion of DAOs. Hundreds of p...
The Alchemy Evolution: Part 1
Over the last few months, we’ve been working hard to make Alchemy even more amazing. We have a number of exciting changes in the pipeline, and this series of short posts outlines the highlights for you. — Multicall - In November, we finished rolling out our “Multicall” plugin. This plugin allows a DAO to submit a single proposal that includes any series of smart contract calls. Using this plugin allows projects and communities to easily interact with external contracts, and do things like place a trade on Uniswap, or earn yield on DAO tokens using Aave.Watch demo — Updates to our proposals pages - Previously, DAOs on Alchemy had various plugins, and each plugin had its own set of proposals. We simplified this by creating a single “Proposals” page that shows all of the proposals, from every plugin. This greatly simplifies the proposal discovery process, by giving users only a single list to look at :) — Easier DAO navigation - We simplified the process of switching between DAOs you have voting power in. Now you just need to click on a dropdown, at at any time, you can get information on another DAO you are part of. — Easier switching between networks - Alchemy now allows you to navigate between DAOs on different networks seamlessly within the same interface. In fact, the list of DAOs in the dropdown above include DAOs on different networks. We’ve seen a few instances of DAOs having both ...
Voting Options in DAOs
This article explores the different voting mechanisms used by DAOs through Q&As with DAO founders and builders. *Special thanks* to Michael from Curve, Clement from Kleros, anonymous from Compound, Sky from DXdao, Luuk and Pat from PrimeDAO, Adam from lexDAO, Dekan from Raid Guild, Luke from 1Hive, Cooper from Audius, Auryn from Gnosis, and Ezra from DAOstack for providing input!We’ve come a long way… — Token based quorum voting - Quorum voting requires a certain threshold of voters in order for a proposal to pass (for example: 60% quorum, which means 60% of voting power needs to vote). Once this threshold has been met, whichever decision has more votes wins. Without reaching the quorum threshold, proposals fail. The threshold has typically been based on the total number of votes, although some protocols (like Compound governance) have a quorum threshold only for the votes in favor of a proposal passing instead (20% quorum in this case would mean 20% of voting power voting positively for a proposal in order for a proposal to be considered for passing). Projects that have used this include Compound, Curve, and Kleros (among many others). This governance mechanism is battle tested, and has a long history in our political system. It also has a simple UX for users. On the flipside, pure token-based voting has some issues. Plutocracies aren’t great. Selecting the “right” quorum requirement is hard. A low quo...
Ownership in Web3
Deciding who should own your project is a critically important step in the path to decentralization. This article outlines some considerations to ensure the long term alignment and success of your network. Protocol wars have only just begun! — What is Ownership - Before getting to “who” should own your decentralized project, maybe we should answer the more basic question of what ownership means in the context of crypto. On one end of the spectrum, ownership literally means “you own every aspect of this project” (all current smart contracts, assets, as well as any future value accrual mechanisms that might arise from them). There are very few decentralized projects in this category, one of the lone exceptions might be DXdao, which has even decentralized their community managed website. For the majority of projects at this stage, “ownership” just means having some level of control over some aspect of a project / protocol. There is a huge deal of possibilities here, including even just the promise of future ownership / control (ie, not even giving anything away but a worthless token). Stakeholders for these kinds of projects are relying heavily on trust and good faith in the founding team / members as there is rarely any ownership in the legal sense of the word. What further complicates this topic is the fact that token ownership does not always equal voting power ownership. In many cases, there is a complet...
Lately on DAOstack
The Governance Lemon Awards
Overview - Decentralized governance is all the rage these days. On the surface, almost every new emoji token has ambitious decentralized governance plans. But we are still early! Many lessons have been learned the hard way, and many more are around the corner. The Governance Lemon Awards were created to celebrate our learnings, and to share knowledge gained and commiserate in our growth pains. Hopefully these learnings can help new projects make better decisions as we keep experimenting and driving the space forward. If your project has some horror stories to share, send me an email at firstname.lastname@example.org, and we will include you in our follow up article. — 🍋🥇 $MTA, $FEW, $SUSHI, $SWERVE - All of these projects unfortunately suffered from a similar community backlash due to early insiders potentially profiting at the expense of others. Whether or not there was any truth to these claims is another topic altogether, but valuable lessons can still be learned. mStable had an IDO on July 18th, using the Mesa platform. The tokens were listed at $3.5. Unfortunately, only three days before, the team sold $3.1M MTA to investors, at a price of $0.15., The $FEW debacle took place over Sept 22. If you aren’t in the loop, here’s a summary for you., $SUSHI, on the other hand, was subject to Chef Nomi’s token sell-off, just over a week after launch., $SWERVE, a Curve fork, speculatively faked a “fair launch”., Tak...
A Note on DAOstack Security in Light of the DXdao
As you may have heard by now, the DXdao, a DAO built on our framework, has raised $1 MM and counting through a decentralized fundraising mechanism. Having launched just a couple of weeks ago, the level of fundraising success so far is impressive. We’re extremely excited to see this level of interest and commitment coming to a project built on our infrastructure, but we feel it’s our responsibility to remind everyone of the lack of security guarantees. The bottom line is this: the DAOstack software is still experimental. We cannot guarantee the safety of any funds stored in DAOstack DAOs. Please be careful and aware of the risks! Though the DAOstack contracts have been audited, bugs allowing a past hack have been fixed, and the DXdao contracts themselves passed through a bug bounty unscathed, the software should still not be considered completely secure. Since the DXdao’s fundraising success, we have put an increased focus on security and expect to make further improvements, possibly including further audits, guidance on how to set more secure governance parameters, new global constraints that can be added to DAOs, and more. This stress test is an important step on the path to more stable and usable DAOs, and we’re excited to see what’s next. A Note on DAOstack Security in Light of the DXdao was originally published in DAOstack on Medium, where people are continuing the conversation by highlighting and responding t...
The Gas Price Struggle (May, 2020)
If you haven’t noticed, Ethereum gas prices have been a bit high lately. High gas prices are rough for DAOs to say the least, and we’ve been hearing from many DAOs about their struggle to operate when voting and proposing are so expensive. If these gas prices continue, there are a few bandaids we can use to help today, and there are a number of good long-term solutions on the horizon. — What we can do today. — Minimize transactions: when voting and proposing, try to minimize the number of transactions. First, discuss and create as much off-chain consensus as possible, and only then create the proposal. You should be able to boost and pass the proposal with only a single vote in DAOstack’s system., Deploy to xDai: we can deploy new DAOs or copies of DAOs to POA’s xDai chain (Alchemy is connected to xDai here), where transactions are much faster and cheaper. Please reach out to us here if you need to launch an xDai DAO., — What we can do in the future. — First off, we expect these gas prices will not continue indefinitely. Transaction costs may still be an issue long term, though. Luckily, some promising solutions are coming down the pipe. These include: Rollups: organizations like Optimism and Starkware are making quick progress building optimistic and zk-rollups, two of the more promising layer 2 scaling options. Both promise much faster and cheaper transactions., Ethereum 2.0: the longes...
DAOstack Bounties at ETHDenver 2020
Our product is a software stack for Decentralized Autonomous Organizations, from governance smart contracts to frontend user interfaces. If your hack involves decentralized decision-making of any kind, we hope you’ll consider using our tools! Our main bounty at ETHDenver this year is for new DAO features and the use-cases they go with. Using our stack, build a new DAO feature, like a way for DAOs to send emails, own or sell non-fungible tokens, or open CDPs to generate DAI. Then submit your new feature, as well as a description of the kind of DAO that might need it, to our “DAO features” bounty competition. We will be looking for features that are well-built and connected to concrete use-cases with large potential userbases. The top 2 new features selected by our DAO will win $3000 and $1000 equivalent. Check out a list of hack ideas here., For all other hacks using our stack, we are offering a $1000 “Wildcard” prize., Remember to submit your hacks to the DAO features competition or the wildcard competition here. Good luck! DAOstack Bounties at ETHDenver 2020 was originally published in DAOstack on Medium, where people are continuing the conversation by highlighting and responding to this story.
More DAOstack (#GEN) News
|Nearly 50% of Gen Z and Millennials Want Crypto Exposure in 401(k) Plans...
As the global financial ecosystem continues to witness major changes, young investors in the United States are increasingly leaning towards crypto assets as an alternative investment option to add to their retirement plans.
50% of Young People Want Crypto in 401(k)
A recent survey by the U.S. asset manager, Charles Schwab, which polled about 1,100 401(k) retirement plan participants aged between 21 and 70, revealed growing interest in the nascent digital asset industry.
About 45% of millennials and 46% of Gen Z disclosed that they 'wish' to invest in cryptocurrencies when asked what investment products they would like to see added to their (401k) retirement plan.
The survey further revealed that 43% of Gen Z and 47% of millennials have already invested in cryptocurrencies outside their 401(k) accounts, which Charles Schwab pointed out as an indication of the group's affinity for the asset class.
This bubbling interest in cryptocurrencies among Gen Z and millennials contrasted with the sentiments of much older investors made up of Gen X and baby boomer respondents.
As per the findings, only 31% of Gen X and 11% of boomer respondents have the desire to add crypto assets to their 401(k) plans. Even more disappointing is the percentage of these older investors already holding crypto asset positions, with 33% of Gen X admitting to having crypto and a meager 4% of boomers.
Strong Demand for Bitcoin 401(k)
The survey also noted that rising inflation remains the biggest b...
|Meta & Qualcomm to Develop Metaverse Geared Silicon to Be Used in Next G...
Meta recently announced a partnership with mobile chip company Qualcomm to produce chips geared for the metaverse market. The agreement will allow Meta to use Qualcomm's XR technology, designed for extended and virtual reality tasks, to design and manufacture silicon to be put in the next line of Meta's VR application, including future headsets for its Meta Quest line of products.
Qualcomm and Meta to Bring the Metaverse to Chips
While the metaverse company has focused more on the software part of the computing equation thus far, Meta is making moves to bring more efficient and powerful chips to its products. The company has now inked a partnership with Qualcomm, one of the biggest fabless mobile chip companies in the world, to help it produce silicon specially designed to fulfill metaverse tasks.
The custom chips will use Qualcomm's XR technology, which includes virtual reality and extended reality functions. About the importance of this partnership, Cristiano Amon, CEO of Qualcomm, stated:
Building off our joint leadership in XR, this agreement will allow our companies to deliver best-in-class devices and experiences to transform how we work, play, learn, create and connect in a fully realized metaverse.
The multi-year agreement was disclosed without numbers, with a press release stating the engineering teams of each company will deepen the collaboration to achieve joint VR objectives.
Custom Silicon to Continue Advancing
|Veteran Trader Peter Brandt Gives Gen Zers Advice: 'Contribute Mon...
Popular commentator and veteran trader Peter Brandt gave advice to Gen Zers on Thursday and said that they should contribute savings to bitcoin and stocks of solid companies. In the same Twitter thread, Brandt noted that 'crypto is still unproven,' but also said that those that know him best, know he's been 'bullish for years.'Peter Brandt's Advice to the Youth: 'Avoid Student Debt, Contribute Monthly Savings to Bitcoin'
Peter Brandt has a lot to say on Twitter and he's not shy about sharing his opinion. Oftentimes, the veteran trader speaks about bitcoin (BTC), giving his perspective about crypto markets and bitcoin's price corrections.
On Thursday, Brandt had some advice for Gen Zers concerning how they should position themselves in the current economy. 'My [advice] to Gen Zers is – Get degree in a field with jobs – Avoid student debt as possible – Secure good job, think about [markets as a] hobby,' Brandt tweeted. The popular commentator further said to his 626,600 Twitter followers:
Buy a home/get married/be frugal -Contribute [monthly] savings to [bitcoin and stocks] of solid companies – & HOLD -Keep buying/hope for cheaper prices.
Brandt continued by adding that getting a 'university degree is hugely over-rated.' He said that people entering a skilled trade would be choosing a 'very legitimate career path.' Brandt added that he favored rental property and that he preferred 'quality stocks' to crypto. 'Crypto is still unproven IMO. Avoid 8hitc...