With the increasing number of Initial Coin Offerings hitting the Crypto-Marketplace, Harbour DAO is being created to assist the many ICO enthusiasts in participating in more of these ICOs, using the wisdom of the crowd.

Some of the issues that face interested investors in this period, is which ICOs to invest in, and what tokens to hold and which ones to sell.To solve this problem, Harbour DAO is being created.

In Harbours words:

“Harbour is a community-governed, Ethereum-based DAO for managing and holding token assets by harnessing the wisdom of the crowd. Harbour is revolutionising the world of investing since it allows users complete control over the entire process while creating a completely decentralised and autonomous platform. All decisions are made by the HRB holders and any generated profits will be distributed directly to the token holders.

We are basically building a new protocol whose first use would be to help users make decisions on investing in crypto based projects”

Harbour DAO Components

In order to create the Harbour DAO, several components are required, which comprise the essence of the DAO. Therefore, we are highly devoted to making them work harmoniously together.

● The System: The system is made up of a combination of smart contracts on the Ethereum blockchain. These smart contracts contain all the logic required to make Harbour work.

● The Platform: The platform UI will offer an easy way for our community to interact with the system using their browsers.

● The Harbour Token (HRB): The Harbour Token gives holders the right to vote on proposals as well as access to some of the surplus ETH that Harbour generates.

● The Community: Without a strong and thriving community Harbour will never function, the one true value that Harbour has is the people interacting with the system. Harbour is not made for the individual, it is created for the whole. As individuals in this ecosystem we are powerless, however, Harbour gives a community the strength through its combined wisdom to create value.

Harbour DAO Congress

The Harbour Congress is the essential part of Harbour DAO. It acts, through the Harbour Wallet. The Wallet is responsible for executing all proposals. When a token holder wishes to create a proposal it goes to the Congress for a vote.

Proposals

As was mentioned above, the holders of the HRB tokens is equivalent to a share in a publicly owned company and gives that owner the right to vote on any actions that the Congress takes. Moreover, any token holder has a right to submit a proposal to the Congress for a vote by all token holders regarding certain actions to be taken that include:

ICO Contributions: A token holder can propose the participation of Harbour DOA in an upcoming ICO.

DAO Change: This proposal gives the token holder the ability to change 100% of every aspect of the DAO.

Buy Proposal: A token holder can propose the purchase of existing Tokens with a range between 2% – 10% in 2% increments.

Sell Proposal: A token holder may propose the sale of held Tokens in 10% increments up to 100%.

As Harbour is governed by its token holders, all votes are made by those token holders and whichever side hold more than 51% wins the proposal and that action is followed.

Harbour DAO Challenges

One of the biggest challenges that Harbour faces, is the volume of tokens that it may hold in a given token in the case that it wants to sell that token. In order not to flood one exchange and affect the price dramatically, Harbour has created a mechanism to split the execution amongst various exchanges at the same time.

Another challenge is getting into new ICOs in order to participate at the opening and not miss an opportunity. To solve this problem, they have created Aderfo:

“Adfero is a system that utilizes smart contracts to contribute to ICOs as soon as they open. It also holds an index of all known ICOs that can be contributed by users, this index contains information that can be submitted by various users and verified by the community. Additionally, it allows users to rate ICOs on their legitimacy. The system is fully decentralised and will also be made available to users who do not hold Harbour tokens.”

Harbour DAO Token Distribution

ICO Starts: August 1, 2017

Max HRB Tokens: 650,000 Tokens

Offered at TokenSale: 150,000 Tokens

All of the proceeds from the 150,000 tokens will go to the crowdsale investors. Further tokens will be created at a later stage up to a total max of 650,000at a price and rate the community decides.

The Whitepaper discusses the use of funds from the offering as well as the team’s roadmap through the beginning of 2018.

Harbour DAO Conclusion

The project overall looks very interesting and we like the set-up of the token holders making the final decision as to what direction Harbour DAO moves. The project will also allow you to participate in many more ICOs, and tokens without as much research as you will follow the majority, and the more people inviolved, the more knowledge.

Resources

Website

Whitepaper