SOFT DAO. Introduction and analysis

Introduction

Hello everyone, before us today is a review of the decentralized community from Tokensoft, the largest organization for launching crypto industry projects tokens. But the company went even further and now we can become full participants of SoftDAO community, with the right to vote on new tasks, different events and to have our own token, which can be obtained by participating in the life of the community.

SoftDAO is a decentralized autonomous organization (DAO) with a mission to support the development of highly integrated protocols. In fulfilling this mission, SoftDAO will strive for the following: Managing smart contracts and libraries on the blockchain - SoftDAO supports battle-tested, open-source smart contracts and libraries on multiple blockchains. The goal of supporting these contracts is to advance SoftDAO's value in the ecosystem more broadly. Core team support - SoftDAO engages approved parties (core teams) to build and operate crypto tools. SoftDAO publishes requests for proposals (RFPs), selects qualified Core Team proposals, and funds such Core Teams from its coffers. Core Team proposals must demonstrate long-term compliance with SoftDAO incentives. Treasury Management - SoftDAO believes that capital is needed for sustainability. Therefore, SoftDAO seeks to manage its treasury for conservative, long-term growth. To that end, SoftDAO can receive fees from its smart contracts and fund related projects. SOFT holders can also vote for additional uses of the SoftDAO treasury.

SoftDAO defines highly integrated protocols and cryptoassets as those that embody the following values: Rebel Reasonably - legacy systems are often deeply flawed. SoftDAO wants to replace them with honest and open cryptocurrencies, while recognizing that legacy fences often exist for good reasons. SoftDAO therefore supports projects that prefer to trust the code rather than vulnerable and subjective processes.

How will it work?

The SoftDAO is governed through a proposal and voting process. Community members are encouraged to make proposals and participate in the adoption of these proposals with the goal of moving SoftDAO values forward. Governance discussions and proposals are viewable at https://forum.softdao.ch Proposals are limited to the following scope: • Meta-Governance and Mechanics: SoftDAO may ratify a code of conduct, update governance smart contracts, and alter its own governance mechanisms. • Steward On-Chain Primitives: SoftDAO manages a portfolio of smart contracts. This means curating libraries, updating key parameters, and coordinating with other industry participants to build primitives that help to build and launch • Support Core Teams: SoftDAO may engage Core Teams to build crypto infrastructure and applications. Each engagement is governed by a Core Team Agreement. SoftDAO’s involvement may include, without limitation:- Creating RFPs for specific tools- Approving Core Team applications- Disbursing grants to approved Core Teams- Circulating Core Team tools to the SOFT ecosystem • Treasury Management: SoftDAO may grow and manage its treasury for long-term sustainability.

Tokenomics

At genesis, SoftDAO’s launch primitives include but are not limited to the following Sales Configurable in-grouping

• Access: public or private, determined by blockchain addresses included in a Merkle root THE SOFT DAO WHITEPAPER

• Fair Surge Protection: order of access to on-chain activities determined by fair and random ordering to maintain low network fees

• Transparency: group information and configurable attributes are visible on-chain

• Non-custodial: tokens held directly in the smart contracts with configurable directions Distributions Configurable escrow contracts

• Time-based lockups & vesting

• Tranche-based vesting (unlock schedule)

• Continuous vesting (start, cliff, end)

• Price-based vesting (unlock schedule based on reference asset prices) Governance Governor contract for DAO tooling.

• Enables votes by token holders while tokens are vesting

• Increased voting weights for tokens locked in genesis vesting contract

SOFT Tokens - Utility

Uses of the SOFT token may include but are not limited to:

Governance: voting rights within SoftDAO are correlated with SOFT token ownership. However, it is likely that SoftDAO will implement a version of Tokensoft’s Genesis Governance 167. This primitive will apply a multiplier to the governing power of original token holders who do not trade their governance stakes.
Funding: in pursuit of its mission, SoftDAO may choose to fund Core Teams build and operate crypto tools. In funding such teams, SoftDAO may disburse some of its treasury — which includes the SOFT token.
Incentive Alignment: building upon the three previous points, the existence of a token with all of the above powers means that incentives are aligned across the community to govern SoftDAO.

Vesting & Lockups

Soft Drop participant’s airdropped SOFT tokens will be subject to a 1 month lockup period, followed by a two year continuous vesting schedule. Tokens in the vesting contract will still provide beneficiaries with voting power during the lockup and vesting periods.

SoftDAO Treasury: use of Treasury funds is subject to SoftDAO governance and may include grants, partnerships, advisors, service providers, bounties, referrals, and funding. Tokens in the SoftDAO Treasury are not subject to vesting or lockups.

Of the allocated 2% of total SOFT token supply, 70% of that allocation will be airdropped to Softernet participants, with the remaining 30% going to Tokensoft legacy sale participants.

SOFT Token Allocation & Emissions Model

What do we see in this infographic?

SoftDAO Treasury - 35%
Community Round - 10%
Early Supporters - 10%
Early Developer Bounties - 10%
Future Developer Bounties - 8%
Operational Coasts - 10%
Friends & Famile Round - 7%
Future Rounds - 8%
SoftDrop - 2%

From the distribution categories above, we can say that the team is really interested in the development of the comunity due to the good percentages in the allocation of tokens to various bounty programs to develop and support the ecosystem as a whole, considering its focus on the development and systematic formation of the future DAO. I would especially like to mention the juicy 2% on the community, which underwent a testnet consisting of several acts over the course of several months. If you participated, I can congratulate you because the lists of wallets claiming the drop are already published. It is required to check again if you have passed verification.

NOTE: The Above emissions model is just that - a model. Actual emissions will vary — perhaps materially — since they are subject to the Soft DAO’s governance, price of bitcoin, individual vesting schedules, and service provider discretion (depending on the allocation category).

CONCLUSION

The future of cryptocurrencies is multi-chain, multi-application and multi-user technologies. SoftDAO's mission is to launch and fund highly integrated protocols and crypto-assets that advance this future. But SoftDAO can't do it alone, so I encourage you to join such a great community and help develop it! The team will appreciate it. Cheers!