DAO Cake solves the problem every multi founder team experiences: measuring and rewarding contributions. The typical (imperfect) approach for startups is to split equity equally between each member of the founding team, with the expectation each is bringing equal value. This is not a solution for DAOs as the entire founding community are the ‘founders’. Even if still at the infancy this could be ten or more people committing time and effort in varying degrees to form the DAO.

Solution

DAO Cake brings to NEO a powerful tool to serve the thousands of new DAOs and startups in web3 who are encountering this problem. Beyond DAO Cake, our team at amaDAO.io have been working on a suite of products to serve DAOs in facets relating to the future of work. We’ve been assessing the suitability of: high speed, low gas fee chains for our products. When we promote DAO Cake and amaDAO we’ll expose the next generation of founders and web3 talent to the benefits of NEO.

Design

We’ve kept the model simple yet sufficiently complex and considered for this application. You could say we did not want to “over cook it” (Cake pun intended). We believe the best smart contracts are simple and easy to read so that anyone (technical or not) can understand what is happening. We also wanted to keep this DApp open for anyone to use. With more time we can assess market needs and adjust the implementation where needed (see: roadmap)

App UX

DApp front end The original idea was to develop a Smart Contract only and integrate into other tools we've already developed and make it available for 3rd party and community integration. The Smart Contract alone is a powerful product and useful for our immediate application. However, the rest of the team has become interested in the product and see potential for both a stand alone Native Mobile app and ReactJ dashboard. We're now working on the MVP dApp in React / nextJS + Supabase.

Roadmap

Complete front-end of DApp MVP
Customer testing of DApp. Feedback on UX, any limitations.
Review incentives / disincentives for application in larger DAO communities
Internal $DOU token with tokenomics to incentivise participation in voting/proposals (NEP17 Asset Tokens)
Implement 'Bake' TGE action for issuance (NEP 17) and transfer of DAO tokens to wallets to member slices
Launch dApp with chosen business model (Token, SaaS, Service fee?)
Assess other applications: eg: measuring open source GitHub contributions.

web3 use-case for a web2 market

With your help, our immediate vision is to see DAO Cake on Product Hunt as a widely used tool for any startup to manage contributions and equity slicing. This will help prove to the web2 world a highly relevant real application of web3 and NEO that simply cannot be done in web2.