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Learn about the necDAO - the DAO that controls the future of Nectar.
DeversiFi: How Does Voting Work in necDAO?
How does Voting Work? Simply put, voting is when members of necDAO express approval or disapproval for a given proposal. Whilst anybody can propose, only Reputation holding members of necDAO are able to determine the success of proposals. How does voting work? Quick Facts: The act of casting a vote creates a transaction that is transparent and recorded on the Ethereum blockchain. The amount of Reputation you have reflects the strength of your vote as a member
DeversiFi: How to become a member of the largest DAO - necDAO...
What is Reputation and How do I Get It? What is Reputation? In the context of necDAO, the amount of Reputation you have refers to your degree of voting power (and membership) within necDAO. Only Reputation holders are members of Nectar DAO and subsequently, have the right to determine the success of proposals. Please note however that Proposers do not need Reputation to submit. Reputation is not a token and cannot be transferred Reputation is best thought of as 'point
DeversiFi: What is necDAO? How do I get involved?!
What is necDAO & How do I Get Involved? The necDAO is the largest DAO of 2019, having launched with circa 17,000 ETH! Its guiding purpose is to place control of funds directly into the hands of Reputation holders, who will be entitled to drive and subsequently vote on proposals submitted to necDAO. The necDAO further empowers developers, writers, researchers, and other professions to contribute to (and be rewarded for) the growth of the Nectar and DeversiFi ecosystem through the su
DeversiFi: Connecting to necDAO using Ledger or Trezor
Connecting to necDAO using Ledger or Trezor To connect to the necDAO Reputation Bootstrap UI, you will need to use MetaMask. You can, however, connect to MetaMask using your Ledger or Trezor hardware wallets, and then connect to necDAO. So you can ultimately connect using Ledger, Trezor OR MetaMask directly. Below
DeversiFi: NecDAO Legal Agreement
NecDAO Legal Agreement Each REP holder in the necDAO has to agree to the terms in the necDAO participant legal agreement which can be downloaded and viewed in full here.
DeversiFi: Why should you care about DAOs?
What is a DAO & Why Should I Care? DAO stands for Decentralized Autonomous Organization. To anyone unfamiliar with them, DAOs can seem like an alien and complicated concept. But it doesn’t have to be. Put one way, DAO technology uses smart-contracts and blockchain to create a trustless interface between respective parties (voters and proposers), allowing for the removal of middlemen and the automation of execution once pre-defined conditions are met. They can serve a variety of org
DeversiFi: How to write the best proposal, necDAO!
Proposal Best Practices It is paramount to follow best practices when interacting with necDAO. Not only is this required for your proposal to pass, but will protect the healthy functioning and longevity of necDAO. Best Practices (& Template) for Proposals The DAOstack team have done an excellent job in breaking down how a proposal should look. You can view it in full detail here with t