What’s poppin, my daogs! I’m Art Gurianov, the creator of the platform. In this series of blogposts, we are going to cover in depth the platform’s functionality. There are also videos on our YT channel if you prefer watching, but for the most detailed explanation I recommend reading posts.
Heard of crowdfunding services out there? Used any? Me neither… The biggest problem I noticed in the crowdfunding industry is that potential donators just won’t have enough motivation to participate in someone else’s projects to get nothing in return or the released product if lucky. And we fixed this in MyDAOgs!
There is one significant advantage of MyDAOgs comparing to those classic crowdfunding platforms:
The d̶o̶n̶a̶t̶o̶r̶s̶ members of MyDAOgs do not get any physical product. Instead, our community gets dividends in USDT, basically sharing the whole revenue of all ecosystem products. I personally would not be interested in receiving a signed version of a book, a piece of boardgame, or whatever comes out if the product ever gets released… Also noticed the crossed out “donators” word? You don’t even have to donate! Sounds impossible but you will be impressed of how we achieved this! I will explain our distribution model in the next post.
Also MyDAOgs can be compared to stock market dividend model, with a few advantages as well:
- Receive dividends on time and every time. This is transparent, automated and not by choice of company’s top management.
- Benefit from multiple products instead of just one. More products built over time will generate more revenue to distribute.
- The whole revenue is given to the community, no business running expenses.
To the fun part. Why this weird name?
“DAO” in MyDAOgs stands for Decentralized Autonomous Organization. In the web3 world it simply means the community is making all key decisions and setting up direction of the ecosystem’s path.
And those Dogs… Well, by this moment there are already hundreds of meme coins inspired by Dogecoin and we want projects of our community to launch and spread as virally as those!
Also MY dogs is called pets. In the software engineering world, PET project means a small software piece that an engineer makes to get passive income. This is exactly what we do at MyDAOgs. We build and launch pet projects proposed by our community members (you don’t need to be an engineer, we do the difficult part, you enjoy dividends).
One last detail before wrapping up our first post.
Since the revenue distribution system is fully automated, there are a few restrictions applied to the products that can be built as part of the ecosystem:
- Unlike classic crowdfunding platforms, we only build DIGITAL (no physical) products that charge users in USDT for the service fees. This can be either a subscription model, commission model, or sales of digital products such as courses, ebooks, nfts etc.
- The project size should be reasonable, we all want it to start generating revenue as soon as possible so the development process is better to take less than 6 months.
- No sales, no human involving processes, only software pieces (webapps, mobile apps).
Hope you are as excited as I am! In the next post we are going to talk about the distribution process. Cheers!
All intro articles:
