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FireDao is a social DAO based on PID and FID

Lengkeng Amis
4 min readJul 3, 2023

FireDAO About

FireDAO is indeed a social DAO that utilizes PID (Personal Identification) and FID (Fire Identification) soul-bound accounts. It was founded by the RainbowCity Foundation, an organization with a mission to fuel the evolution of decentralized civilization.

As a social DAO, FireDAO operates on the principles of decentralized governance, where decisions are made collectively by its community members. The use of PID and FID soul-bound accounts suggests a unique approach to identity management within the FireDAO ecosystem.

The mission of fueling the evolution of decentralized civilization implies that FireDAO aims to contribute to the advancement and adoption of decentralized technologies, practices, and philosophies. By promoting decentralized governance, fostering innovation, and supporting initiatives within the decentralized space, FireDAO seeks to play a role in the ongoing evolution of a decentralized civilization.

FireDAO is a community-driven autonomous economy built by all community members, inpursuitofco-creation, co-governance and co-ownership! Having a sense of ownership, each community memberisthereal master of FireDAO and participates in the collective decision-making of the community intheformofreferendum voting. FireDAO issues governance token FDT.

The holders of FDTs are the owners of theentireFireDAOcommunity. However, unlike the governing principles of general DAOs, FireDAOcarries out communitygovernance activities centered on the FireSoul Account. FireDAO will create a community governanceDAOwhich will serve as the highest governance body of the entire FireDAO community.

Allocation of RainbowCity Treasury Revenue

RainbowCity Foundation is the initiating entity of FireDAO. Prior to the complete issuanceof FDT,theallocation of ecological revenue is coordinated by RainbowCity Foundation and not distributedtotheecosystem. After the full issuance of FDT, the revenue generated by the FireDAOproject andsubmittedtothe RainbowCity Foundation Treasury will be allocated according to the following principles. Theallocationratio may be adjusted based on the actual operation of the ecosystem.

RainbowCity Foundation in FireDAO. It appears that RainbowCity Foundation is the initiating entity of FireDAO, and it plays a role in coordinating the allocation of ecological revenue.

From what you mentioned, it seems that prior to the complete issuance of FDT (FireDAO Token), the allocation of ecological revenue is managed by RainbowCity Foundation rather than being distributed to the broader FireDAO ecosystem.

The specific details of how the ecological revenue is allocated and the mechanisms involved would require further information from the FireDAO community or official resources. It’s possible that RainbowCity Foundation oversees the initial stages of the project, including the allocation of revenue generated within the ecosystem.

FireDAO aims to achieve several significant outcomes through the power and wisdom of its community:

Decentralized Decision-Making: FireDAO seeks to promote decentralized decision-making, where the community members collectively participate in making important choices and determining the direction of the ecosystem. This approach aims to ensure that decisions are made in a transparent and inclusive manner, with the involvement of all stakeholders.

Shared Economy: FireDAO envisions a shared economy model, where resources, benefits, and opportunities are distributed equitably among community members. This approach fosters collaboration, cooperation, and the fair distribution of rewards and incentives, enabling a more inclusive and sustainable ecosystem.

Social Interaction Revolution: FireDAO aims to facilitate a social interaction revolution, encouraging community members to actively engage, communicate, and collaborate with one another. This revolution can lead to the formation of new connections, the exchange of ideas, and the collective pursuit of shared goals, ultimately fostering a vibrant and supportive community.

Bitcoin Civilization: The creation of a “Bitcoin Civilization” suggests an aspiration to build a decentralized society that aligns with the principles and values of Bitcoin, such as decentralization, financial sovereignty, transparency, and security. It represents a vision of a future where decentralized technologies and philosophies drive societal transformation and reshape traditional systems.

These goals indicate FireDAO’s commitment to harnessing the power of its community to drive meaningful change and contribute to the advancement of decentralized civilization.

FireDAO plans to implement its Early Contributors Plan through the Zealy platform, making it accessible to crypto users worldwide. This indicates that FireDAO aims to involve a broad community of early contributors in its ecosystem.

The Early Contributors Plan suggests that FireDAO intends to reward and incentivize individuals who contribute to the growth and development of the platform during its early stages. This could involve various activities such as providing feedback, contributing to code development, creating content, or participating in community initiatives.

By utilizing the Zealy platform, FireDAO can provide a centralized hub for early contributors to engage, collaborate, and showcase their talents and contributions. Zealy can serve as a channel for communication, task assignment, and the distribution of rewards or recognition.

By opening participation to crypto users worldwide, FireDAO can tap into a diverse range of talents, perspectives, and expertise from different regions and backgrounds. This can foster a global community and encourage a collaborative and inclusive approach to building the FireDAO ecosystem.

For More Information:

WRITER’S INFORMATION

Bitcointalk Username: venuza
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3406667
Wallet Address: 0xeDd64516dcf9dB76c1a8C99fFE01206c0C16500f
Proof of Authentication Post: https://bitcointalk.org/index.php?topic=5457755.msg62478876#msg62478876

Bitcoin
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Lengkeng Amis

Written by Lengkeng Amis

137 Followers

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