Topic: [ANN]🔥🔥FireDAO=Social DAO+DID+Web3 Identity+SBTs+SuperEconomy🔥🔥 (Read 625 times)

🔥 FireDAO Bounty Campaign Announcement 🔥

We are thrilled to announce the official launch of the FireDAO Bounty Campaign, managed by Brainboss! This exciting campaign will run for 4 weeks, offering a total of 3 million FLM tokens as rewards.

At FireDAO, we believe in the power of community participation and engagement. This bounty campaign is our way of involving our valued community members in the growth and success of our project. By participating, you have the opportunity to earn FLM tokens while contributing to the development of our ecosystem.

We invite everyone to join us in this exciting campaign and help us spread the word about FireDAO. Together, let's make FireDAO the best project in the crypto world! Click the link below to access the bounty campaign details on Bitcointalk:

🌐 Bounty Campaign Link: https://bitcointalksearch.org/topic/distributed-firedao-bounty-4weeks-9-platforms-3-millions-flm-5457755

Thank you for your continued support and participation. We look forward to your active involvement in the FireDAO Bounty Campaign!

Stay tuned for more exciting updates from FireDAO. Together, let's ignite the future of decentralized finance!

🔥 FireDAO Team 🔥

Thanks for showing interest on FireDAO. Currently FireDAO has launched it's first product PID, and now you can finish task in Zealy (https://zealy.io/c/firedao/questboard) to earn XP points. By earning enough XP points you can get whitelist and the XP points earned in Zealy can be converted to FLM token.

Bounty Campaign will be ready in few days time. Stay tuned.

What is the latest progress report on the development of the project and its marketing strategy with regard to crowdfunding?

Regarding the firedao project, it would be helpful to know the current stage of its development. Additionally, I am curious if there are any plans for a bounty campaign associated with the project. Could you provide more information about these aspects?

Hi, this is a whole new project that just developed less in less than a year. I bet the Fire DAO you encountered before is something else.
Please have a look at our project in our website.
https://firedao.co

Is this the initial fire Dao? It seems familiar to me, as if I've encountered one in the past that ultimately failed, possibly due to a dump incident.

FireDAO: Empowering Decentralized Governance and Incentives
FireDAO is at the forefront of the decentralized revolution, with its innovative governance token, FDT, and its dynamic incentive token, FLM. This article explores the significance of these tokens and unveils the super-economic map of FireDAO, showcasing the interconnected relationship between FDT and FLM.

The Super-Economic Map: FDT and FLM


The attached super-economic map provides a comprehensive visualization of the ecosystem's dynamics, illustrating how income generated within FireDAO circulates back through smart contracts. A portion of this income is dedicated to supporting the liquidity pools of both FDT and FLM, ensuring their stability and growth.

FDT and FLM: A Synergistic Relationship
The relationship between FDT and FLM is pivotal to FireDAO's ecosystem. FLM holders have the unique ability to swap their FLM tokens for FDT at a fixed price of 0.01 USD indefinitely. This mechanism provides a predictable exchange rate and facilitates liquidity between the two tokens. As FDT is locked upon swapping, it gradually releases to the holder at the speed of each block over a two-year period. Meanwhile, the price of FLM in the secondary market fluctuates, impacting the supply and demand dynamics of FLM within the ecosystem.

RainbowCity Treasury: Efficient Income Handling and Token Value Guarantee
FireDAO manages its diverse income streams through the RainbowCity treasury. This treasury acts as a central hub for the ten different income sources within the ecosystem. By utilizing smart contracts, these income sources are automatically allocated to various departments, each with a unique purpose, ensuring transparency, efficiency, and optimal resource allocation.

Within the RainbowCity treasury, 15% of the income is allocated to the FDT buyback pool, which contributes to the expansion of the FDT liquidity pool. This mechanism helps to enhance the liquidity and stability of the FDT token. Additionally, 5% of the income is allocated to the buyback and burn pool, which reduces the supply of FDT tokens in the market. These systems are carefully designed to guarantee the value of FDT and incentivize long-term holding.

The Power of Smart Contracts: Supporting the Ecosystem
To support its vision, FireDAO has developed over 40 smart contracts, with many more in the pipeline. These contracts serve as the backbone of the ecosystem, providing essential functionalities and enabling seamless operations. With the continuous development of additional smart contracts, FireDAO aims to become the largest decentralized ecosystem in the world, hosting over 100 smart contracts in the future.

FireDAO is driving the evolution of decentralized governance and incentives, creating a thriving ecosystem that empowers its community members. With its robust token economy, transparent income handling through RainbowCity treasury, and innovative mechanisms such as the FDT buyback pool and buyback and burn pool, FireDAO sets the stage for a decentralized future built on trust, collaboration, and sustainable growth.

This is an interesting project and i will love to be part it and contribute, I am a coder, where do people like me fit in, in the project? If you can let me know, I will be willing to join the community. Thank you.

Active Participation in the FireDAO Ecosystem Forum
In addition to the aforementioned privileges and opportunities, we also encourage your active participation in the development of the FireDAO ecosystem forum. By minting a FirePassport, you will receive a PID and automatically obtain a forum account, enabling you to engage in discussions, exchanges, and interactions with community members on the forum. You will receive more incentive tokens FLM through active interactions on the forum, as recognition and rewards for your contributions and participation.

Zealy Platform and Ranking System
We will implement our Early Contributors Plan through the Zealy platform, where crypto users worldwide can participate. Once you achieve a certain level on the Zealy platform, you will gain corresponding privileges and opportunities.

We encourage you to actively participate in various tasks and activities on the Zealy platform, interact and communicate with other community members, and showcase your talents and contributions. In the near future, we will release more detailed information about the Zealy platform’s ranking system and privileges, ensuring that every early contributor enjoys fair and just treatment.

FireDAO values the voice and participation of the community, and we want every early contributor to feel their importance and value. Therefore, we will continuously optimize and adjust the ranking system based on the development and needs of the Zealy platform, ensuring that early contributors receive the recognition and rewards they deserve.

Join FireDAO’s Early Contributors Plan
We sincerely invite everyone from worldwide who are passionate about crypto technology and the blockchain industry to join FireDAO’s Early Contributors Plan. Whether you are a KOL, crypto enthusiast, developer, designer, marketing expert, or simply curious about the crypto world, FireDAO welcomes your participation.

Please visit our official website at www.firedao.co for more detailed information about the FireDAO project. Additionally, you can check your contributions and progress on the FireDAO community leaderboard on the Zealy platform: https://zealy.io/c/firedao/leaderboard

Stay connected with us on our social media platforms:

FireDAO Twitter: www.twitter.com/FireDAOlab
FireDAO Forum: www.forum.firedao.co
FireDAO Discord: www.discord.gg/HjtHk5j6nG
FireDAO Reddit: www.reddit.com/r/FireDAO
FireDAO Medium: www.medium.com/@FireDAOlab
FireDAO Facebook: www.facebook.com/FireDAO
FireDAO TikTok: www.tiktok.com/@firedaoofficial
FireDAO YouTube: www.youtube.com/@FireDAOlab
FireDAO Github: www.github.com/FireDAOlab

The fire of FireDAO has been ignited, let us join hands and drive the growth of the FireDAO global community! Together, let’s create a crypto world filled with innovation, freedom, and fairness!

FireDAO Official Team
May 26, 2023

Early Contributors Plan Privileges and Opportunities
As an early contributor, you will have the opportunity to participate in our NFT ecosystem design plan. We plan to issue various NFT badges to recognize and reward the contributions and achievements of early contributors. These unique NFT badges will be a symbol of honor within the FireDAO community, showcasing your significant contributions to the project and holding unlimited possibilities in the crypto art market.

The FireDAO Early Contributors Plan offers the following privileges and opportunities:

1. Early participation: Be a pioneer in the project’s development and participate in our progress firsthand. As an early contributor, you will have the opportunity to collaborate with our team in the early stages of the project and provide valuable feedback and suggestions for products and services.

2. Influence decisions: Your voice will be heard and valued. As an early contributor, you will have the opportunity to participate in discussions and decision-making processes regarding important matters, collectively shaping the development direction of FireDAO.

3. Rewards: We will provide generous reward mechanisms for early contributors to recognize and appreciate your contributions. This includes token rewards, exclusive airdrops, and other incentive plans, allowing you to share in the success and growth of the project.

4. Community recognition: Become a member of the FireDAO community and connect with other early contributors and crypto community members. You will gain a unique community role and identity, showcasing your significant position within the project.

Additional Opportunities and Benefits
In the Early Contributors Plan, we also offer additional opportunities and benefits:

1. FireDAO OG Round Whitelist: When you reach a certain level on the Zealy platform and become an outstanding member among early contributors, you will qualify for the FireDAO OG Round Whitelist. This will give you the opportunity to participate in the OG round subscription of FireDAO governance token FDT, becoming a cornerstone contributor to FireDAO and maximizing the dividends of FireDAO’s growth.

2. Zealy Platform XP Points Exchange for FLM: On the Zealy task platform, you can accumulate XP points by actively participating in various tasks and activities. Once you reach a certain threshold, PID users can exchange these points for FireDAO incentive tokens FLM through the FireDAO forum at a certain ratio. This will bring you ecosystem rewards, further increasing your influence and rewards within the FireDAO community.

3. FireDAO Ecosystem Forum Incentives: We encourage your active participation in the development of the FireDAO ecosystem forum, such as posting, replying, and interacting within the forum. As a reward, you will receive more incentive tokens FLM as recognition and appreciation for your contributions and participation in the forum.

FireDAO Global Community Launches Early Contributors Plan

Dear members of the global crypto community,

We are thrilled to announce the latest initiative of the FireDAO Global Community — the official launch of the Early Contributors Plan! As the core of the FireDAO project, early contributors will play a crucial role in our ecosystem, contributing to our success and development. We eagerly look forward to your participation in building a stronger and more prosperous crypto community together.

Introduction to FireDAO
FireDAO is a social DAO based on the PID and FID soul-bound account, initiated and established by the RainbowCity Foundation. As a native Web3 DID identity protocol based on blockchain technology, FireDAO operates on the Arbitrum one chain and aims to create a community-driven autonomous economy. Our goal is to revolutionize decentralized decision-making, shared economy, and social interaction through the power and wisdom of the community, ultimately ushering in the “Bit Civilization.”

We firmly believe that human society will enter an advanced civilization based on mathematics and algorithms due to the creation of Bitcoin, which we call the “Bit Civilization.” In our view, Bitcoin is the tinder that ignites the “Bit Civilization,” and the Web3 world we are currently building is the soul of the “Bit Civilization,” with DAO organizations being the soul of Web3. To keep the fire of civilization burning continuously and vigorously, the supply of fuel is indispensable. The “FireDAO” we are creating today is the fuel for the “fire of civilization.” Through the creation and continuation of “FireDAO,” we aim to provide a continuous supply of fuel for the blazing “Bit Civilization,” passing on wisdom and fueling civilization.

FireDAO Products and Features
FireDAO has already launched its first core product on the Arbitrum one network — the Fire Passport, which is our PID system. With Fire Passport, you can create and manage your identity, achieve global Web3 on-chain identity creation, and actively participate in the development of the FireDAO ecosystem forum. Furthermore, we will gradually launch other core products such as FireSeed, FireSoul, on-chain reputation, city nodes, and global guilds, providing FireDAO community members with more innovative and practical features.

References

During the process of writing the white paper, we referred to a large number of online articles & materials about DAO and Web3 which enormously inspired our understanding of the entire industry, and this also promoted the birth of FireDAO. As of now, we only list some key articles as a reference directory.
Meanwhile, we would like to express our highest respect and heartfelt thanks to all thought leaders, developers, builders and supporters who have contributed to the crypto world. Let’s build the Web3 DAO world together.

1.Decentralized Society: Finding Web3's Soul
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4105763

2.Soulbound
https://vitalik.ca/general/2022/01/26/soulbound.html

3.DAOs are not corporations: where decentralization in autonomous organizations matters
https://vitalik.ca/general/2022/09/20/daos.html

4.On Crypto Governance
https://a16z.com/2021/02/05/on-crypto-governance/

5.DAO governance attacks, and how to avoid them
https://a16zcrypto.com/dao-governance-attacks-and-how-to-avoid-them/

6.Virtual Society, Blockchains, and The Metaverse
https://a16zcrypto.com/virtual-society-the-metaverse-blockchains/

7.Efficient DAO Design
https://banklessdao.mirror.xyz/QQA6ZhvHtDefWEAT-SXaHYPYMtHUhshtXX5dY-gv0u8

8.Investing in Friends With Benefits (a DAO)
https://a16z.com/2021/10/27/investing-in-friends-with-benefits-a-dao/

9.DAOs: Social networks that can rewire the world
https://www.coinbase.com/learn/market-updates/around-the-block-issue-21

10.Decentralized Identity: Your Reputation Travels With You
https://future.com/decentralized-identity-on-chain-reputation/

11.An overview of DAO's yesterday, today, and tomorrow
https://mirror.xyz/0xE7300ad06a85BB8d4F69D46fe41c9FC086139E01/SBJuBbgRV72wGkRk1L-N-1FXR4NNSS1nsV_6XG5A9Kk

12.DID Soul Three Questions
https://mirror.xyz/mtyl.eth/qLkLJhqUDg0MKdYsGgWCRblFdULuOiy_smByUCmDBUw

13.Make The DAO Great Again
https://mp.weixin.qq.com/s/3t3O19QWTCoZxcNdpncsXg

Firedao is in the progress of building the ecosystem. Keep connecting with us.

Risk Warning & Disclaimer

This document is for informational purposes only with the basic introduction of the project. It is not and cannot be regarded as a guidance or commitment to investment, cooperating with any specific or unspecified subject, and is not and cannot be regarded as the project team's financial promises or guarantees to the project.

This document does not constitute any investment advice, investment intention or instigation of investment in any form of securities. Any similar proposal will and must be made under a trusted clause and permitted by applicable securities laws and other laws. In the meantime, this document does not constitute nor understand to offer any sale or any invitation to buy or sell any form of securities.

Those who have the intention of participating, investing and collaborating in this project must bear the responsibility to fully understand all the potential risks of this project. All participants involved in the project shall fully understand and accept all the risks that have occurred or may arise in the project, and shall bear the corresponding responsibilities on their own.

The Token referred in this project, as a digital asset unloaded on the team server, has a complete and independent value from the project team. Its value completely depends on the recognition of its use and exchange value determined by relevant market entities. It is not and should not be used or treated as bonds, securities or securities of any kind.

The value of the Token generated by this project is affected by the market environment and the degree of recognition of the market entities. The project team cannot guarantee the value of the Token, which requires investors to judge by themselves.

In the light of the regulatory changes of blockchain technology, cryptocurrencies, etc. by governments around the world, the project team reserves the right to modify, delete, add, or abolish partial or all of the contents of this document at any time in accordance with the laws and regulations of each region and/or the actual situation.

Please make your own judgment on the contents of the project team & project services, and bear all risks arising from the use of this document, including the risk derived from the reliance on the correctness, completeness or practicality of the content of this document. The project team cannot and will not be liable for any loss or damage caused by any individual actions.

The project team has the right to revise this white paper according to changes in laws and regulations, as well as adjustments to business conditions and business strategies. The project team has the final right of interpretation and modification.

5.7 Guardians Contract

The governance contracts include a guardian contract address controlled by the FireDAO team and it can cancel the proposal or disable the governance module in an emergency.

5.6 Result Execution

If the proposal is approved, the result will be queued in Timelock with a Timelock delay of 2 days. After the Timelock period ends, any account can apply the changes in the proposal to the target contract, which will access each operation in the proposal.

5.5 Voting Result

When the referendum voting is officially over, the total score of FID On-chain Reputation when the proposal was created is used as the total voting weight base. Votes will be valid only if the total number of votes exceeds 20% of the score, otherwise the proposal will fail.

When the referendum is officially over, the total voting points will be used as the base to judge the voting results. If the number of support votes exceeds 50% of the base, the proposal will be approved; otherwise the proposal will fail.

5.4  Voting Execution

The voting has support, object and abstain three options. Users who have completed the voting delegation can vote through the three options respectively.
The voting process lasts 3 days. The voting right can be multiple options and each option has a different number of votes. After the vote is cast, it cannot be revoked.

5.3 Voting Delegation

It takes 72 hours from the creation of the proposal to the official vote, which is convenient for users to delegate voting.

When the proposal contract is activated and the block height is determined, community members with FID now can open a voting delegation for this proposal and obtain formal votes. Different proposals require different voting delegations. The voting weight will be based on the FID On-chain Reputation scores at the block height when the proposal is created. Any vote must be cast through a delegation. Voting delegation can be delegated to oneself or others, and can also be delegated to different wallet addresses.

Voting rights delegated to other wallets can be revoked before voting officially begins. After the official voting starts, users can still delegate and vote, but cannot revoke the voting rights that have been delegated to others.

5.2 Proposal Thresho

Any wallet address with an FID On-chain Reputation score of more than 100,000 points can propose governance activities by creating proposals in the form of executable code.