Article Summery: Our Perspective
BLOCKS is proud to work closely with Wyoming legislatures to build the world’s first legally registered DAO LLC.
Being a legally registered DAO is a landmark step towards what BLOCKS believes to be the future of business operations and mirrors its continued commitment to decentralization and the core tenants of transparency and accountability in corporate governance and operations.
The BLOCKS DAO is a beacon of the future. As we embark on our journey of progressive decentralization, BLOCKS will pave the way for DAOs across the world as a model of compliance and accountability.
Through a blend of blockchain and non-blockchain partnerships, BLOCKS intends to grow the utility of its digital asset to become a unit of measure for Blockchain.
BLOCKS is committed to migrating companies across all industries onto the blockchain. Through its commercial and enterprise-grade partnerships, BLOCKS powers world-class blockchain solutions for companies. These partnerships and solutions are powered by the BLOCKS DAO and, in turn, drive additional utility of the BLOCKS token.
BLOCKS’ Progressive Decentralization
BLOCKS participants use a protocol that is owned and operated by a community of users. Vital processes can be successfully run in a decentralized manner.
- Fully de-centralized governance entails that resources are owned and shared by network members. Each member has full access to all activities—including a copy of the distributed ledger. New data is added only through group consensus. No single party owns the data; thus, all members exercise ownership over the data in concert.
What sets BLOCKS apart is that it is the world’s first decentralized autonomous organization that —as an officially registered LLC—runs on a peer-to-peer software backbone.
- This innovative new configuration empowers groups of vetted participants to make non-hierarchical decisions about shared resources (e.g., fund allocation). Because of this, BLOCKS has the potential to change the world—making collaboration radically more accessible, direct, and scalable. For this reason, BLOCKS DAO LLC aims to migrate traditional industries onto the blockchain and transform the industry.
One of the hallmark features of BLOCKS is the multi-signature wallet. Multisig wallets are cryptocurrency digital wallets that require two or more private keys to validate and send transactions. BLOCKS is unique in that it will develop a fully-operational multi-sig treasury.
Advantages to multisig wallets:
- Multisig mitigates the hazards of dealing with digital bearer assets, where transactions are irreversible.
- The logistics here are straightforward: multisig reduces the dependency on one person, thereby attenuating the possibilities that missteps will be made.
- Moreover, multisig wallets lessen the reliance on one device, thereby augmenting security.
- Multisig wallets facilitate the security concerns endemic to a single private key mechanism.
- Multi-signature is the most secure and fail-proof way to store crypto-currencies.
- Even if an intruder is (theoretically) able to identify one of your wallets, he still won’t access your account without the keys to the other wallets in the setup. The multisig format makes cyberattacks highly unlikely, as it increases the number of potential failure points that hackers would encounter. For example, crypto users can save one private key on their mobile phone and another on their desktop or laptop.
- Multisig wallets provide numerous valuable applications that make cryptocurrencies more appealing, functional, and secure.
- On the team level, participants can fully customize how they manage their company’s crypto assets. They have the option to require a pre-defined number of signatures needed to confirm each transaction. Hence multiple team members are required to verify each transaction to execute it. This helps prevent unauthorized access to company crypto.
- On the individual level, members are allowed to customize how they manage their crypto assets fully. Users are also given the option to require multiple devices to confirm transactions.
BLOCKS build organizations for any kind of collective work, furnishing participants with a wide array of tools needed to link these organizations together. Consequently, as the network grows, all its member organizations are strengthened. Through a blend of blockchain and non-blockchain partnerships, BLOCKS intends to expand the utility of its digital assets to become an established unit of measure for the world’s blockchain technology.
BLOCKS Tokenized Community
The BLOCKS Tokenized Community is a token-permissioned chat on a Discord server. BLOCKS created this unique ecosystem to create a community that's user-friendly, engaging, and rewarding. It's a pay-to-play system, where members must hold a certain amount of BLOCKS tokens in their MetaMask to join the conversation.
The Tokenized Community is the first step in BLOCKS progressive decentralization.
1. Silver Tier
- Hold 300,000 BLOCKS in the MetaMask wallet.
- Interested in receiving EXCLUSIVE updates before the public
- Voting privileges on various items presented within Discord such as ambassador nominees vs. appointment, the addition of Discord channels, etc. (counts for 70% of the final vote).
- Airdropped tokens for active channel participation + contributions (½ of Gold Tier supply).
2. Gold Tier
- Hold 1,000,000 BLOCKS in the MetaMask wallet.
- EXCLUSIVE access to updates and initiatives.
- Get the chance to become a BLOCKS Ambassador and access a management team member once a month.
- Voting privileges on various items presented within Discord such as Community Leader nominees vs. appointment, the addition of Discord channels, etc.(counts for 30% of the final vote).
- BLOCKS Community Leader has access to a member of the management team once a month.
- Airdropped tokens for active channel participation + contributions
- Partnership Integrations
Members in the various tiers of the tokenized community enjoy the benefits of BLOCKS’ enterprise partnerships, such as BLOCKS and HUMBL.
The higher tier members are in, the more benefits they will receive in the enterprise partnerships.
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