Blockchain ecosystem run by DAO lets users solve tasks to get voting power
Blockchain is the technology that provides the conditions and premises to rethink governance by transferring all the power to communities. This is achieved through various consensus mechanisms available today.
However, while many decentralized autonomous organizations (DAOs) tout their governance as an almost perfect one, the decision-making power is often in the hands of those who hold more native tokens.
It happens that most DAOs end up having a governance structure similar to banks or corporations, even though they indeed may empower communities to a certain level. One blockchain project is seeking to find the perfect tune of decentralized governance. TheGreatReset.Finance has split the economics from governance on its ecosystem so that everyone could enjoy equal chances of influencing the project direction.
As the team pointed out, “DAOs are governed exactly like companies, with the large investors buying controlling shares/governance tokens and effectively controlling the company/DAO.”
While TheGreatReset.Finance, which is the new name of what is also known as X DAO, offers a farming token; it is different from the governance token that is distributed in a new manner by using a decentralized job market.
TheGreatReset.Finance is a community-governed ecosystem that comprises decentralized applications (DApps), including CyberSwap and The Agency, as well as a nonfungible token (NFT) market (named the Market of Zion). The project also includes a decentralized exchange (DEX) that represents an automated market maker (AMM).
What makes TheGreatReset unique is the distinct governance approach it implements. Specifically, the ecosystem is fueled by three different tokens.
The TheGreatReset (TGR) token is the actual governance token
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