We are off and running…

Probably the most exciting aspect of building our project upon the OST framework is that we can utilize development skills we currently have, there is no need to learn blockchain, Solidity, smart contracts or complicated cryptography. We have so far participated in every alpha phase of OST and strongly see the advantages of this platform and want to stay up on their evolution.

We chose to do our project open source because we believe this app is something that can be valuable in many different types of organizations. By developing to OST, that further opens up the potential for our project to be used by developers who really only have knowledge of javascript (if they need to customize). With a simple deployment, they can create their own DAOs.

Power of the DAO

As organizations see the power of using blockchain, DAOist can be an easy way to implement a trustless organization. This is a way any number of people or businesses can come together to launch initiatives and execute them by allowing the members to put their money where the decision is. Simply put, DAOist is a member site where users can register, obtain tokens, create ideas (setting token/dollar values) and stake tokens against these ideas. When the value of an idea is reached, the tokens can be released for implementation.

Power of OST

Up until now, we have created the basic functionality for members to register for the DAO. They can receive tokens from the organization (as reward for signing up). With this wallet release of OST, we intend to further implement so that users can “like” one another, conferring trust and enabling their ideas to be stronger candidates and receive more staked tokens. We are planning on exposing a user’s wallet so they can see their token balance — and the USD equivalent (this will be helpful for seeing idea values as well). It is the next crucial step, leaving only purchasing tokens and staking them to ideas to complete an MVP version of the app.