DAOstack

DAOstack is designed to catalyze the future of collaboration. Platform is for decentralized governance that enables collectives to self-organize around shared goals or values, easily and efficiently.

About DAOstack

DAOstack aims to be an operational stack for DAOs, providing a complete toolkit for decentralized application development and collaboration at scale, including collective resource management, decision making, budgeting and incentivisation. DAOstack rests on Arc, an open, universal framework of smart contracts for decentralized governance and collective value management. GEN is the native token of the DAOstack platform and will be required for ecosystem operations such as promoting proposals.

Company and Team Use of Blockchain

Product

3.4
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

4.0
N/A
4 - Few competitors / a leading solution.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.

Product

* The DAOstack allows for token creation and distribution, collection and allocation of external tokens, reputation assignment, collective database management, configuration and update of the governance system, and interaction with other DAOs (submitting and voting on proposals). * The project’s initial focus is on work and collaboration, enabling users to: open a new DAO venture, configure its governance system for the distribution of tokens and reputation, find collaborators, and offer bounties to professionals; browse projects, pick tasks, submit contributions and collect rewards; form large-scale, open-source development networks, as well as business agreements and cooperation between projects; and invest in the portfolio of blockchain projects.
* According to the project’s github, DAOstack’s base layer Arc is still in its alpha version (19 contributors, 1K+ commits, 0 releases).
* DAOstack is based on Ethereum smart contracts. This post [https://medium.com/@cryptonomii/daostack-ico-review-a-governance-framework-for-daos-5c1cbde3c851] lists Aragon as the only comparable project, although EOS, ProximaX, and the like may also be considered competitors, albeit with a different focus or not Ethereum-based.

Product Whitepaper

Use of Blockchain

4.0
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

5.0
N/A
5 - Fully decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.

Use of Blockchain

The DAOstack includes: Arc? – a modular Solidity framework with an open library of governance modules and templates; Arc.js? – a javascript library for building collaborative applications on Arc; Alchemy? – the first native user interface for Arc; and the? ?ArcHives? – shared registries for interoperability, including the community curated Mosaic? (registry of all agencies and DAOs), Compendium? (registry of all governance modules), and The? ?Hive? (registry of offers and requests). The DAOstack ecosystem is made of a multitude of interoperable DAOs, each comprised of a series of smart contracts deployed through Arc on the Ethereum blockchain, possibly relying on IPFS ??for ?data ?storage ?and ?retrieval. While Arc is currently based on Ethereum, the framework aims to be blockchain agnostic once other technologies mature and become interoperable. Interaction with the DAOs will be done either through blockchain transactions or via front-ends such as Alchemy. The ArcHives is a public set of registries, curated by the DAOstack community. GEN, the platform’s native token, will be required for operations such as promoting proposals and will be distributed to network contributors.

Use of Blockchain Roadmap

Whitepaper

3.8
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

3.0
N/A
3 - More information required.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

The whitepaper is 33 pages long and provides an overview of DAOs and blockchain-based governance, as well as a description of the DAO stack and token economy. The background and introductory information is high-level, general, and presented in layman terms, and defines the terms used later in the platform description. The platform description is clear and concise, and while it does not go very much into technical specifications, the architecture and design are described in detail. Platform token economy is described in a very generalized manner, with various examples of possible usage scenarios, since the platform itself enables the creation of tokens. The ?DAOstack ?code ?is ?fully ?open ?source and ?a ?Github link is provided. A high-level description of the decision-making protocol implemented in the DAO stack and used by the organization itself is also provided in the whitepaper.

Whitepaper Compliance

Roadmap

2.8
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

1.0
N/A
1 - No concrete plans or milestones.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

2.0
N/A
2 - Very ambitious.
Vision

Is there a larger, long-term vision?

5.0
N/A
5 - Paving the way for the future.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

No development roadmap is provided. It is stated in the project’s Executive Summary dated Nov 18, 2017, that “DAOstack’s mission is to bring a landscape of DAOs into life and to enable crowd cooperation around any goal… To reach that goal, DAOstack aims to: 1) Bootstrap and grow the DAOstack platform, as an operating system for DAOs. 2) Invest in an ecosystem of DAOs that will be using the DAOstack platform. DAOstack’s alpha release called Bootstrap is currently live on the Ethereum Testnet. While developing the DAO stack, DAOstack aims to grow organically and govern itself using its own platform.”

Roadmap Company and Team

Compliance

2.2
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

1.0
N/A
1 - None; ignored.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

1.0
N/A
1 - None available.

Compliance

From here: “DAOstack’s tokens shall be used as a currency in the module marketplace and also as the currency in which the ecosystem will accept fees. Anyone wishing to create a DAO through the Arc framework will need to stake GEN tokens, spend tokens on governance modules that they will need for their organization and then have it registered on Mosaic. Promoting requests and services on the Hive will require tokens as well. The GEN tokens will also play a role in the decision-making process; in order to boost proposals in the waiting queue, agents will need to stake tokens, multiple parties will be able to stake tokens on the same proposal to increase its rank faster.”

No legal disclaimer, terms and conditions, or other similar documentation provided. (However, the foundation is a non-profit).

Compliance Product

Company and Team

2.8
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

DAOStack is a Decentralized Autonomous Organization (DAO), that will bootstrap, build and improve a standardized, comprehensive framework for building DAOs.
Founded in 2017, headquartered in Israel.
The website states integrations with Gnosis, Sapien, Menlo, Endor, and cultu.re.
The website lists 9 team members (CEO, CTO, Lead Developer, Community and Biz Dev, Communications, Legal and Finance, Administration, Operations, and ‘Alchemy’), with pictures and short descriptions but no LinkedIn or other social media profile links, except for two, although these can be found with a manual search.
The CEO (a PhD in Physics) previously cofounded Backfeed (from which DAOstack evolved) and La’Zooz, a blockchain-based ride sharing platform. The CTO (also has a PhD in Physics) is listed on his LinkedIn profile as a blockchain expert, but the profile contains no relevant information. The lead developer is also a previous co-founder and core team member of La’Zooz. The Legal and Regulatory lead’s LinkedIn profile shows previous experience in investing, business development, consuting, and electro-optical engineering.

Product

* The DAOstack allows for token creation and distribution, collection and allocation of external tokens, reputation assignment, collective database management, configuration and update of the governance system, and interaction with other DAOs (submitting and voting on proposals). * The project’s initial focus is on work and collaboration, enabling users to: open a new DAO venture, configure its governance system for the distribution of tokens and reputation, find collaborators, and offer bounties to professionals; browse projects, pick tasks, submit contributions and collect rewards; form large-scale, open-source development networks, as well as business agreements and cooperation between projects; and invest in the portfolio of blockchain projects.
* According to the project’s github, DAOstack’s base layer Arc is still in its alpha version (19 contributors, 1K+ commits, 0 releases).
* DAOstack is based on Ethereum smart contracts. This post [https://medium.com/@cryptonomii/daostack-ico-review-a-governance-framework-for-daos-5c1cbde3c851] lists Aragon as the only comparable project, although EOS, ProximaX, and the like may also be considered competitors, albeit with a different focus or not Ethereum-based.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

4.0
N/A
4 - Few competitors / a leading solution.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.
Product Score:
3.4

Use of Blockchain

The DAOstack includes: Arc? – a modular Solidity framework with an open library of governance modules and templates; Arc.js? – a javascript library for building collaborative applications on Arc; Alchemy? – the first native user interface for Arc; and the? ?ArcHives? – shared registries for interoperability, including the community curated Mosaic? (registry of all agencies and DAOs), Compendium? (registry of all governance modules), and The? ?Hive? (registry of offers and requests). The DAOstack ecosystem is made of a multitude of interoperable DAOs, each comprised of a series of smart contracts deployed through Arc on the Ethereum blockchain, possibly relying on IPFS ??for ?data ?storage ?and ?retrieval. While Arc is currently based on Ethereum, the framework aims to be blockchain agnostic once other technologies mature and become interoperable. Interaction with the DAOs will be done either through blockchain transactions or via front-ends such as Alchemy. The ArcHives is a public set of registries, curated by the DAOstack community. GEN, the platform’s native token, will be required for operations such as promoting proposals and will be distributed to network contributors.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

5.0
N/A
5 - Fully decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.
Use of Blockchain Score:
4.0

Whitepaper

The whitepaper is 33 pages long and provides an overview of DAOs and blockchain-based governance, as well as a description of the DAO stack and token economy. The background and introductory information is high-level, general, and presented in layman terms, and defines the terms used later in the platform description. The platform description is clear and concise, and while it does not go very much into technical specifications, the architecture and design are described in detail. Platform token economy is described in a very generalized manner, with various examples of possible usage scenarios, since the platform itself enables the creation of tokens. The ?DAOstack ?code ?is ?fully ?open ?source and ?a ?Github link is provided. A high-level description of the decision-making protocol implemented in the DAO stack and used by the organization itself is also provided in the whitepaper.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

3.0
N/A
3 - More information required.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
3.8

Roadmap

No development roadmap is provided. It is stated in the project’s Executive Summary dated Nov 18, 2017, that “DAOstack’s mission is to bring a landscape of DAOs into life and to enable crowd cooperation around any goal… To reach that goal, DAOstack aims to: 1) Bootstrap and grow the DAOstack platform, as an operating system for DAOs. 2) Invest in an ecosystem of DAOs that will be using the DAOstack platform. DAOstack’s alpha release called Bootstrap is currently live on the Ethereum Testnet. While developing the DAO stack, DAOstack aims to grow organically and govern itself using its own platform.”

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

1.0
N/A
1 - No concrete plans or milestones.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

2.0
N/A
2 - Very ambitious.
Vision

Is there a larger, long-term vision?

5.0
N/A
5 - Paving the way for the future.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.8

Compliance

From here: “DAOstack’s tokens shall be used as a currency in the module marketplace and also as the currency in which the ecosystem will accept fees. Anyone wishing to create a DAO through the Arc framework will need to stake GEN tokens, spend tokens on governance modules that they will need for their organization and then have it registered on Mosaic. Promoting requests and services on the Hive will require tokens as well. The GEN tokens will also play a role in the decision-making process; in order to boost proposals in the waiting queue, agents will need to stake tokens, multiple parties will be able to stake tokens on the same proposal to increase its rank faster.”

No legal disclaimer, terms and conditions, or other similar documentation provided. (However, the foundation is a non-profit).

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

1.0
N/A
1 - None; ignored.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

1.0
N/A
1 - None available.
Compliance Score:
2.2

Company and Team

DAOStack is a Decentralized Autonomous Organization (DAO), that will bootstrap, build and improve a standardized, comprehensive framework for building DAOs.
Founded in 2017, headquartered in Israel.
The website states integrations with Gnosis, Sapien, Menlo, Endor, and cultu.re.
The website lists 9 team members (CEO, CTO, Lead Developer, Community and Biz Dev, Communications, Legal and Finance, Administration, Operations, and ‘Alchemy’), with pictures and short descriptions but no LinkedIn or other social media profile links, except for two, although these can be found with a manual search.
The CEO (a PhD in Physics) previously cofounded Backfeed (from which DAOstack evolved) and La’Zooz, a blockchain-based ride sharing platform. The CTO (also has a PhD in Physics) is listed on his LinkedIn profile as a blockchain expert, but the profile contains no relevant information. The lead developer is also a previous co-founder and core team member of La’Zooz. The Legal and Regulatory lead’s LinkedIn profile shows previous experience in investing, business development, consuting, and electro-optical engineering.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
2.8

Token Sale

Details of the token sale are not yet clear, although it seems that the total token supply is 100,000,000, of which 40% is for sale, and that the private pre-sale is open to investments of >$100k.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

N.0
N/A
N/A
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

N.0
N/A
N/A
Fund Allocation

Is fund distribution and allocation reasonable and justified?

N.0
N/A
N/A
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

N.0
N/A
N/A
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

N.0
N/A
N/A
Token Sale Score:
0.0

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