REVIEW OF GEOMA-DAO AND ITS GMD UTILITY-TOKEN
INTRODUCTION
GEOMA-DAO (De-centralized Autonomous Organization), is an effective solution to the problem of improper, u fair management of wealth in our economy and as pertaining to people's income and well-being. People are being underpaid, while some are being overpaid. The rich increase in riches, while the level of poverty keeps growing. Some unthoughtful, rich people keep directing more and more riches to themselves at the expense of the poor who work hard for them. They consider this as 'wisdom, smartness and understanding of how things (money) work (flows)'.
GEOMA-DAO is creating a system of 'shared' wealth such that by properly negotiating with the government and other parties involved in the economy's wealth flow, they (DAO) can be able to ensure a fair way of organizing and distribution of wealth. This brings about equal or fair reward system for every work or contributions made by each person in the production of wealth.
In this review, we have already briefly discussed about what DAO is all about. We shall also be examining the following:
GEOMA-DAO's meaning and mode of operation
Benefits of GEOMA-DAO
GMD Utility-Token
DEFINITION AND MODE OF OPERATION
DE-CENTRALIZED
GEOMA-DAO (GEO stands for earth; MA stands for management, DAO stands for De-centralized Autonomous Organization) is a De-centralized network of contributing members who support the organization in achieving its problem-solving goals. DAO was developed to provide gradual but significant and lasting growth (especially in terms of income for its contributors). DAO, as its name implies, is an independent organization of independent members who share a De-centralized network. Control of the system is done by the whole body.
FORMATION OF MEMBERS, AND FUNCTIONS
Members will be made up of contributors. The association produces a very potent corporate body that is able to negotiate with government and other parties such as corporate firms and regulators towards a better wealth sharing system of governance. Every incoming member must be ready to stay till the end of the for formation process.
TRANSPARENT WALLET
Funds will be saved in cold wallets that can be seen by every member. No one will solely claim or control the funds. Every member will also know about the wallet's confidential key.
GMD-TOKEN
There will be a utility-token (GMD) which will be offered by the platform without Initial Coin offering (ICO) because ICO offering could be an expensive process, expending too much funds.
ANNUAL ASSETS APPRAISAL
Assets will be assessed every year by Artificial Intelligence, with respect to market situations.
BENEFITS OF DAO
1.COMBINING DE-FI AND BLOCK-CHAIN
DAO combines these two tools and provides solution to the problem of unfair wealth distribution.
2.HELPS COMPANIES UTILIZE BLOCK-CHAIN
With the help of GEOMA-DAO, many other companies will apply this block-chain. DAO will serve as consultant and partner for this companies.
3.REAL ESTATE
DAO can ensure improved cash flow in the Real Estate World
4.BOOST OF FUTURE AGRICULTURE
Future Agriculture also benefits from DAO's cash ow projects.
5.SUSTAINABLE AND CLEAN ENERGY
DAO can harness lasting and want energy in producing cash flow for its contributing members.
GMD-TOKEN
The GEOMA-DAO system's operation also requires a utility-token. GMD-Token or GMD-ERC-20-Token is it's utility-token. This token is an identity and tool for every holder's (member's) proposals, voting, and other activities in the system. It is crytograpbically-secure and serves a central purpose. It will be used to run the financial activities or transactions.
There won't be any ICO— initial Coin offering— when offering this token so as to save costs as it is known that ICO consumes funds.
CONCLUSION
As could be ascertained via this review, GEOMA-DAO was well planned and thhi are well prepared for tbe achievement of their goal— which is creating a fair waelth sharing system or economy that will be de-centralized, secure and effectual.
DAO is stopping the normal course of governance or managemtkf wealth. It will be a fully independent organization that will be managed by all contributing members and not a central person.
GEOMA-DAO is utilizing the block-chain and De-Fi's functions in creating cashflow for it's contributing members.
