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| comment | | "parent_author":"",<br>"parent_permlink":"cryptocurrecy",<br>"author":"sunnya",<br>"permlink":"geomadao-representing-the-real-concept-of-dao-in-the-world-of-blockchain-technology",<br>"title":"GeomaDAO: representing the real concept of DAO in the world of blockchain technology",<br>"body":"![Untitled design.png (https:\/\/cdn.steemitimages.com\/DQmcNSTmNh8Tt1uae4fQJbWBAkjcF8335Ni4kp3Er5khvRB\/Untitled%20design.png)\n\nThe world now is busy,<br> trying to see how lives can be saved from the pandemic that has ravaged so many countries. I am happy that you have the privilege of reading this article at this time. However,<br> I would like to urge you to place,<br> not only stay safe but keep safe and practice good personal hygiene. This is one of the ways we can prevent the spread of COVIC-19. My earnest prayer is that those that have been in one way or the other affected will gain quick recovery and no life will be lost.\n\nIn a bid to combat the pandemic,<br> a lot of countries have put a halt to so many activities. A lot of workplaces have been short down,<br> schools have closed down and so many economic activities,<br> most especially offline,<br> have been put to a halt. However,<br> in order not to stay idle and to ensure that life goes on and just as you know,<br> there are a lot of things that keep life going and in good condition. \n\nSince the advent of blockchain technology and the introduction of cryptocurrency,<br> humanity has had the opportunity,<br> not only to communicate using encrypted data but to also earn money through the launch of different cryptocurrency projects and most especially by investing in Bitcoin. However,<br> there have been some outstanding projects among others,<br> both old and startups. They were able to stand out because they have good concepts,<br> reputable,<br> industrious and professional team and good marketing strategies,<br> among others. Through my endless search for good projects,<br> I was able to come across an exceptionally great one,<br> called <a href=\"https:\/\/www.thegeomadao.com\/\">GeomaDAO<\/a>\/.\n\nBefore going ahead to explain what **GeomaDAO** is,<br> I think not many people know and understand the meaning of **DAO** and its concept.\nSimply stated,<br> **DAO** means Decentralized Autonomous Organization. This organization was created mainly to allow decisions to be automatically made through decentralization. That is,<br> whatever decision that has been programmed on the smart contract remains binding and can never be altered. This is why the smart contract of **DAO** is known to be the most complex and the complex tokens are designed to uphold the rules.\nhttps:\/\/www.youtube.com\/watch?v=O08kk75PYaQ\n**GeomaDAO**,<br> which is a **DAO** project,<br> has therefore been created to enable mutual fund. With respect to this form of a project on **DAO**,<br> the fund is raised and every **DAO** participants or contributors have the right to vote on the project to chose for investment and from such project,<br> revenue is generated.\nhttps:\/\/www.youtube.com\/watch?v=BopG1m4BBVs\n**What has GeomaDAO been able to achieve so far as regards the project?**\nPlans have been ongoing for quite some time now and every modality have been set in place,<br> but the project started officially almost two months now and within this short period and I am pleased to inform you that **GeomaDAO** team has been able to secure a *Demo Pitch of a Vertical Farm*,<br> with all it entails,<br> from the cost to the ROI and some very important partnerships have been secured.\n\n**What should be expected from GeomaDAO?**\nThe expectation of every good project is a working product and a good marketing strategy. Let me quickly hint you,<br> that there will be an IEO and the money raised will be used to create not just one,<br> but real-world projects,<br> which is the **GeomaDAO** Brand. So,<br> since the team has already been able to secure land,<br> implementing it will be much easier.\nIf you can remember,<br> I wrote earlier that,<br> it's not just one project that will be released,<br> but projects. Therefore,<br> GeomaDAO has also come up with proposals where a *Medicinal Cannabis Farm* will be created,<br> as well as a Cloud Gaming Platform,<br> because that is what the world,<br> most especially the world of crypto is now trending towards. For reference,<br> please see: <a href=\"https:\/\/www.geforce.com\/drivers\">NVIDIA GE Force<\/a>\/.\n\nAs regards marketing,<br> apart from the fact that **GeomaDAO** is looking forward to conducting an IEO on a reputable and global exchange,<br> which is part of a good marketing strategy,<br> **GeomaDAO** has been able to secure some good partnerships and recently,<br> the team was able to partner with Buzzin,<br> which brought about a growth in number and activities in the community of **GeomaDAO**. This is very much evident in their Telegram group.\n\n**How will GeomaDAO generate revenue?**\nGenerating revenue for the continuity of a project and for its utmost success is very important. Therefore,<br> revenue will be generated from the projects that are going to be funded on **DAO**. So,<br> each project will bring in something meaningful to the ecosystem. Take,<br> for instance,<br> farming is one of the most lucrative and profitable ventures in the world today. Which means that not only crypto enthusiasts will be interested in this project,<br> but that the entire world,<br> including those who do not have the knowledge of crypto,<br> will be involved. Also,<br> the crypto community has just discovered another major interest of crypto enthusiasts,<br> which is the Cloud Gaming Platform. So venturing into this,<br> will definitely generate huge fund for more developmental works on **GeomaDAO** ecosystem.\n\n\n**How does GeomaDAO intend to raise fund for the project?**\nEvery project has a means through which fund will be raised for project development. As for *GeomaDAO*,<br> first,<br> there will be a private sale,<br> which was the intention of the team right from time. However,<br> due to the demand of lovers and the entire community of **GeomaDAO**,<br> there will be an IEO. Works are ongoing on having a successful IEO,<br> most especially on a reputable and top exchange,<br> in which the date will be announced soon. In order to be among the first to be informed,<br> you can join **GeomaDAO** telegram group https:\/\/t.me\/geomachat.\nAlso,<br> I would like to inform you that,<br> the contributors are the participants of GeomaDAO. They have the right to vote and be among the decision-makers on **GeomaDAO** ecosystem.\n\n**Tokenomy**\nThe ticker for **GeomaDAO** token,<br> that will be used on the ecosystem is called **GMD** token. This is a utility token that will be used by the contributors for all activities bordering around the project,<br> such as the right to vote and make decisions until there will be a swap to **GMDT**,<br> which is a stable token,<br> but this time around,<br> instead of being just a utility token,<br> its form and function will be changed to a security token.\nThe total supply of **GMD** token will be 12 million **GMD** and that will be the maximum supply. Which means that no other token will be minted. It is an ERC20 token,<br> based on the Ethereum blockchain. The early founders will hold 1% of the token total supply,<br> while the remaining 99% will in one way or the other be distributed to the entire community,<br> but how and when will be determined soon.\n\n\n**Will there be a token lockup?**\nLocking up tokens bring about lots of drawbacks to a project and most especially to the community. So,<br> in a bid to avoid this,<br> **GeomaDAO** team has decided not to lockup any token,<br> but to release the due tokens to every rightful person.\n![image.png (https:\/\/cdn.steemitimages.com\/DQmdkcgpDKSuRgv6qHUsvoJp8YL5AQXGNyDAM6A5vMTk9E1\/image.png)\nWith all being said,<br> I can affirmatively say that **GeomaDAO** is a true representation of decentralization and that this is the type of project that we need,<br> in a world where many projects are now drifting away from the core value of blockchain technology.\n**GeomaDAO** is,<br> therefore,<br> a project of the people,<br> by the people and for the people.\n\nThis is just my personal review of the project. So,<br> if you want to know more about it,<br> most especially what the project team is saying directly concerning the project,<br> you can visit the following links: \n\n<a href=\"https:\/\/www.thegeomadao.com\/\">WEBSITE<\/a>\n<a href=\"https:\/\/bitcointalk.org\/index.php?topic=5216619.0\">ANN THREAD<\/a\n<a href=\"https:\/\/drive.google.com\/file\/d\/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP\/view?usp=sharing\">WHITEPAPER<\/a>\n<a href=\"https:\/\/twitter.com\/thegeomadao\">TWITTER<\/a>\n<a href=\"https:\/\/medium.com\/@thegeomadao\">MEDIUM<\/a>\n<a href=\"https:\/\/t.me\/geomachat\">TELEGRAM<\/a> \n<a href=\"https:\/\/github.com\/Arthur267\">GITHUB<\/a>\n<a href=\"https:\/\/www.linkedin.com\/in\/geoma-dao-b0a612189\/\">LINKEDIN<\/a>\n\nBTT USERNAME: Denreal\nBTT PROFILE LINK: https:\/\/bitcointalk.org\/index.php?action=profile;u=1946802\nETH ADDRESS: 0x4a29c8FE68efCc2A3a071fd9F436edA63DB7Ba02",<br>"json_metadata":" \"tags\":[\"cryptocurrecy\" ,<br>\"image\":[\"https:\/\/cdn.steemitimages.com\/DQmcNSTmNh8Tt1uae4fQJbWBAkjcF8335Ni4kp3Er5khvRB\/Untitled%20design.png\",<br>\"https:\/\/img.youtube.com\/vi\/O08kk75PYaQ\/0.jpg\",<br>\"https:\/\/img.youtube.com\/vi\/BopG1m4BBVs\/0.jpg\",<br>\"https:\/\/cdn.steemitimages.com\/DQmdkcgpDKSuRgv6qHUsvoJp8YL5AQXGNyDAM6A5vMTk9E1\/image.png\" ,<br>\"links\":[\"https:\/\/www.thegeomadao.com\/\",<br>\"https:\/\/www.youtube.com\/watch?v=O08kk75PYaQ\",<br>\"https:\/\/www.youtube.com\/watch?v=BopG1m4BBVs\",<br>\"https:\/\/www.geforce.com\/drivers\",<br>\"https:\/\/t.me\/geomachat\",<br>\"https:\/\/bitcointalk.org\/index.php?topic=5216619.0\",<br>\"https:\/\/drive.google.com\/file\/d\/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP\/view?usp=sharing\",<br>\"https:\/\/twitter.com\/thegeomadao\",<br>\"https:\/\/medium.com\/@thegeomadao\",<br>\"https:\/\/github.com\/Arthur267\",<br>\"https:\/\/www.linkedin.com\/in\/geoma-dao-b0a612189\/\",<br>\"https:\/\/bitcointalk.org\/index.php?action=profile;u=1946802\" ,<br>\"app\":\"steemit\/0.2\",<br>\"format\":\"markdown\" " |
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