Topic: The Movement DAO | Fully Decentralized Organization | Borderless Collaboration - page 14. (Read 262750 times)

Is there a good tutorial you can point to for a similar type of situation?  I've never voted with a DAO.  The learning curve seems kind of steep if done alone.  Maybe a zoom meeting for doing this? 

Hey Seele!

Great Question!  

Swapping MVT for MDT

• Participation in swap completely voluntary.
• Both tokens have value and function within the Movement DAO.
• When you hold MDT, you are a Voting Member of the DAO.
• MVT will continue to have a value assigned to it and that value will help grow the Movement.

There will always be 3,000,000 MVT, the amount of MDT is controlled by the DAO.

The MVT exchanged for MDT is now controlled by the DAO. MDT holders control the DAO. Votes are created and executed by MDT holders.

At the time of this post, 381,939.30318979 MVT have been swapped and .2 ETH donated, giving the DAO access to funds for further development, growth, staking, etc.

Members are encouraged to bring Votes to the DAO and for these funds to be used.

Community discussion is encouraged in all Movement communication channels.

Multiple liquidity pools have been set up for both MVT and MDT to participate in.

While at the moment we are accepting 1:1 swaps, I would assume the community will vote to change that down the road.

can someone explain me, why i should swap my xxxk+ mvt to mdt??? will this swap option be available as long as mdt is on the stage???

for example, i dont want to participate in mdt, but the price of mvt should be 1to1 linked to mdt, so i dont loose my capital invested / anything in the long run.

Hello Everyone.

I hope this message finds you well. A lot has been going on recently within The Movement and I wanted to attempt a quick update.




Our Aragon Powered DAO site is live and as of this post, 335,602.18930853653030026 MVT are locked into the DAO and the same amount of Movement DAO Tokens (MDT) have been minted. For more information click Here.

DAO SITE

Liquidity Pools

The Movement has multiple liquidy pools to set up for members to participate in.

Uniswap Pools - MDT


Uniswap Pools - MVT


Balancer Pool - MDT


Wallet Integration

Trust Wallet Mobile Integration for both Tokens.


Documentation

Our Docs site, docs.movementdao.io, Will be live soon. Check back if the link isn't working. Movement Improvement Proposals or MIPs along with our Tokenomics will all be covered and encouraged to be maintained by the community.





Check out our DISCORD as well!

Take care, everyone, in these weird times.  


gumshed

You're welcome 

Was just about to ask for this - thanks!

Swap is in progress or so 

https://medium.com/@gumshed_88995/the-movement-dao-ba63fd138b2d
https://medium.com/@gumshed_88995/mvt-mdt-swap-guide-2020-e42e43386436



t.me/TheMovementDAO
discord.gg/5EKcqbQ

Yes, liquidity is a big issue on DEX but when people say this there is a reason why it is an issue because the transaction fee is too high for average users as compared to CEX, until this issue is resolved DEX will keep having this issue. I will wait for SERUM platform to be ready and see what they have to offer

Yes it's official MCaffee's DEX but liquidity is still big issue of DEXes. If the more community will get involve into this project than it will increase the demand and will bring more exposue. I think active marketing team is the key of success and this project is missing this to jump again.

Mcafee instant buy?! Is this John's platform? or just the name... Anyway didn't knew about MVT being listed on there too. So good job guys!
Also I love to see some good activity around the project lately. Keep up the good work!

Uniswap Pairs

ForkDelta

Mcafee Instant Buy

Hi, where can you buy? There is no liquidity anywhere

Love these transparent updates. Great to see community project surviving years and making a great come back

Hello Community,

Here's a quick update. We will begin moving to deploy on the Testnet. Please bring issues over to the community Discord .

Mechanisms

A few key features include, but are not limited to:

• DAO is upgradeable.

• DAO is governed by and for the Movement community.

• DAO has a treasury that can hold and manage ERC-20 or ERC-721 tokens.

• DAO can interact with any external contract (Uniswap, NFT minting, etc) that an EOA can.

• Current MVT token holders can request to swap their MVT for the new Movement DAO token (MDT).

• DAO tokens (MDT) are transferable just like the old MVT token.

• DAO tokens (MDT) now give MVT holders the right to participate in signaling votes, treasury management, and DAO upgrades/parameter changes.

MDT Token

The Movement DAO will have a transferable token. The name of this token is MDT (Movement DAO Token.)

Token requests

Since Movement already has a token (MVT), the community needs to migrate to the DAO and it’s new token. Doing this all at once is likely to be disruptive. It will also take a lot of effort to replace exchange listings and community balances. To make this easier for all parties involved we will make the token migration gradual and opt-in. This would look like adding a token request app to the Movement DAO so that MVT holders can request to exchange MVT (old Movement token) for the new Movement DAO token (MDT.

This is similar to a staking mechanism that locks up tokens to give people voting rights, but rather than staking here token holders would make a swap. The idea here being that people who want to engage with the Movement DAO can opt-in to doing so. All new activity (votes, capital, etc) will go through the DAO, so this creates an incentive to participate. Because the migration is opt-in there’s no pressure to migrate right away, but people who want to continue engaging with Movement have a clear and simple way to do so.

When people want to migrate from the old MVT token to the new Movement DAO token (MDT) they will submit a token request. This will be a simple 1 to 1 exchange of MVT <> MDT.

In addition to exchanging MVT for MDT, you can also whitelist any ERC-20 to be swapped for DAO tokens. You can add/remove tokens from the token request whitelists at any time via the built-in console. The commands for this are:

• exec/0xc24448448c34b08847730adb3a7f9f5d757c04ce/addToken(TOKEN_ADDRESS)

• exec/0xc24448448c34b08847730adb3a7f9f5d757c04ce/removeToken(TOKEN_ADDRESS)

Note: when you execute an action in the console it does not immediately happen. The requested action will go to a DAO vote for MDT token holders to decide on.

We will whitelist the following tokens when we set up the Movement DAO:

• MVT - The original Movement token.

Voting

Voting overview

The voting app is the heart of the Movement DAO. It will control all of the DAO’s functions including, but not limited to:

• DAO parameter changes

• DAO infrastructure upgrades

• Whitelisting tokens for token requests

• Approving new token requests

The DAO will be fully autonomous in that it can upgrade it’s own code. This is done by voting to change permissions and/or add new apps. As a result, DAO token holders will be able to change things in the future if they want.

Initial voting parameters

Movement Dao time box voting. In the future, if MDT token holders want to add a new governance mechanism they will be able to do so.

The voting app parameters need to balance security with efficiency. Too much friction and engaging with the DAO will be painful, but not enough and there won’t be any checks and balances.

• 0% quorum

• 60% voting approval

• 7 day voting window

A 0% quorum requirement allows members to create and pass votes on their own, but only if no other members object. This replicates the design principles of rough consensus but in a programmatic way. Any member can propose a vote and it is expected that they vote yes on their own proposal. Any member can then vote on that proposal, but they don’t have to if they don’t object to it because it’ll pass as is. If they do object, however, then they can easily vote to veto the proposal. As a result, people are unlikely to propose anything that isn’t supported by the group. This achieves aligned outcomes for all parties involved with the least amount of effort possible.

A 60% voting approval requirement means that of those who participate, the majority need to approve the vote. Setting this higher than 50% makes it easier for members to veto malicious or contentious proposals with minimal effort.

A 7-day voting window gives token holders time to participate in decision making. It’s important that this window is long enough that people aren’t rushed to participate or make snap decisions, esp for things like DAO parameter changes and upgrades.

Agent

The Movement DAO will have an Agent as a DAO bank. You can think of Agent as a vault for the DAO, but a “smart vault” in that it can execute arbitrary Solidity code and interact with any external contract that an EOA can interact with. There are a variety of ways to engage Agent to make external contract calls (Aragon CLI, Aragon client console, Frame), but all actions will need to go through a MDT token holder vote before executing.

Just like most people use their Ethereum accounts to hold and send tokens, you’ll probably mostly use Agent as a treasury for the Movement community. You’ll be able to receive, hold, and send any ERC-20 or ERC-721 token.

I hope this message finds you all well.

gumshed

I have been excellent thanks for asking.  Congrats on moving on to new more creative things with this project.

As far as ideas, I think maybe some things relatively simple on the tech side is a good idea.  Tech changes so fast, and what might seem like accepted new standards for younger people might require more learning curves for older people.  Maybe something about creating content on simple websites and getting some google rankings for those sites as a target for a certain bounty?  Something with social media although I like the idea of that not being exclusive as just organic Google rankings are always legit whereas social media can be faked or ignored.  I like springing things on the unsuspecting public that they find almost by accident. 

The only thing I can think of at this moment is MVT exposure outhere. So a bounty campaign would be a very good thing for the project and I will participate with pleasure if any will be held. I don't expect any coins in return, tho.

Hey paramind22, how've you been?

As far as the funds, I'm going to say that really is for the community to decide.  My plan is to write various build bounties for the community and post them on Gitcoin. Feature updates, design updates, etc. If anyone in the community would like to work on this or have other ideas feel free to share. If anyone would like to request funds for a project, these funds are open to the community for use.

I just like knowing we have funds set aside to do it.

Also, on a personal note. Today I put my notice in with the employer I've had for 11 years to pursue other creative things. (this)  

Great news!  What are your plans for using it, Gumshed?

Hello

Fantastic you've returned!
 
There are a few things you could do now.



Add to a Liquidity Pool

Locking you're MVT in with some ETH to help support the project would be a great thing to do. Building Value. Building Buzz. Hopefully, others will see. Maybe I can do this full time.    But yeah, the new tokens will be sent to the current addresses. Any liquidity can be migrated.

Share with your friends

The Movement DAO is trying to building something similar to a public utility in my mind. Web3 projects are the future.

Connect and Create

Start working on something your passionate about and connect with like minded people by using the Movement DAO's forum.  Start a community. Get active.



The Movement DAO is free to evolve on it's own.   Have fun.

gumshed.

I had completely forgotten about this project but now I am seeing from this thread that it is still alive and well. Who knows how much news I missed, I'll have to invest a lot of time to read.
I am one of those who received a genesis address at the beginning in airdrop: what do you advise me to do now?