Dalycoin
A Vision for Democratized Finance
Imagine a world where your investment gives you a direct say in the future of finance. Welcome to Dalycoin, the lifeblood of a new Decentralized Autonomous Organization (DAO) designed to democratize the very foundation of profit generation. Each Dalycoin holder doesn't just own a piece of the pie—they own a seat at the table. Dalycoin (DLY) isn't just another cryptocurrency; it's a beacon for profit-sharing, a torchbearer for blockchain democracy, and a new chapter in investment strategy.
Cryptocurrencies: The Great Equalizer in Finance
Cryptocurrencies represent more than just digital assets; they are the vanguard of financial equality and inclusivity. Unlike traditional banking systems, cryptocurrencies are accessible to anyone with internet access. They transcend borders, bypassing the gatekeepers of finance, to offer a level playing field to individuals worldwide. This is not just decentralization; it's a financial renaissance.
Blockchain: A Trust Machine for the People
The backbone of this revolution is Blockchain technology, a digital ledger that is both incorruptible and transparent. Imagine a world where financial transactions, agreements, and investments are recorded in a way that is permanent and open to verification by anyone. Blockchain makes this possible, creating a world where trust is built into the system, not just promised by institutions.
The Dalycoin Philosophy
Our whitepaper isn't just a document; it's our manifesto. At Dalycoin, we're committed to long-term, generational wealth, not just for a select few, but for every token holder. When the fund thrives, so do you. Our electronic investment and voting system, built on cryptographic proof, is the magic wand that erases the need for middlemen.
Dalycoin will power a Decentralized Autonomous Organization with the objective of operating as a for-profit entity that will create and hold a corpus of assets through the sale of Dalycoin (DLY). The holders of Dalycoin will stand to share in the anticipated earnings from an investment fund as a return on their investment in Dalycoin. In addition, Dalycoin Token holders will have the ability to monetize their investments by re-selling Dalycoin on a number of web-based platforms that will support secondary trading. Voting will be controlled by the amount of Dalycoin tokens held by each address. Similar to Bitcoin, 21,000,000 tokens have been created. In exchange for investment, investors will receive a certain number of tokens that are unique to the token offering. Investors will be able to use either traditional fiat currency or tokens such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, or Uniswap etc.
Dalycoin Investment Thesis:
Dalycoin tokens offer a new path with the same steadfast code that empowers Ethereum, and Ethereum Classic. Dalycoin tokens are built using an Ethereum smart contracts providing strong control of ownership and prevents any double-spending or voting.
Dalycoin tokens leverage the robust architecture of Ethereum, providing a secure and reliable platform akin to that which underpins Ethereum and Ethereum Classic. Constructed using Ethereum smart contracts, Dalycoin ensures rigorous control over ownership rights and effectively prevents double-spending and unauthorized voting activities.
Exchange Mechanisms: Tokens can be acquired in exchange for major cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV, Ethereum Classic (ETC), Ripple (XRP), and ChainLink (LINK). Ownership of Dalycoin tokens grants the holder not only investment rights but also the ability to influence fund decisions through voting. Additionally, token holders are eligible for rewards distributed by the fund.
Portfolio Strategy: Our strategy entails building a diversified venture portfolio with concentrated investments in high-potential sectors such as Artificial Intelligence and intelligent automation, alongside a broader cryptocurrency portfolio. The aim is to maximize the annual rate of gain in intrinsic portfolio value on a per-token basis.
Operational Structure: The portfolio will consist of a diversified group of subsidiary businesses, each operating with considerable independence to foster innovation and growth. These subsidiaries will generate value distributions, proportionally allocated to token holders based on their holdings.
Decentralizing Finance - Decentralization through cryptocurrencies and blockchain holds the promise of a future where financial power is distributed among the many rather than concentrated in the hands of a few. It's about shifting the paradigm from centralized systems, which are often opaque and controlled by a central authority, to transparent systems where power is distributed across a network of users.
The Mechanics of Trust - Each Dalycoin is a sequence of digital signatures, a chain of trust transferred from one owner to the next. It’s simple: you sign, you send, and the next in line verifies. It’s the blockchain way—immutable, transparent, and fair. No more data quandaries or compliance headaches. We’ve got clarity and confidence in the code.
Your Vote, Your Voice - A Dalycoin in your digital wallet is more than a token; it's a ticket to the decision-making process. Every holder enjoys the right to vote, with the weight of their words measured by their share of Dalycoin.
Diversify and Conquer - Our investment portfolio is as diverse as the interests of our community. From Artificial Intelligence to real estate, we’re not just betting on horses; we’re backing the whole race. Each subsidiary under the Dalycoin umbrella operates with the independence needed to thrive, while token reinvestment means your growth is in your hands.
Let's Talk Funding - Got a project that could revolutionize AI or real estate? Pitch it to the DAO. With just one DAO Token and a slice of ETH, your proposal could be the next big thing we back. First come WSKY and BoostPax in 2024, but who says you can't be next?
From Chat to Change - Dalycoin isn't just an investment; it's a conversation. Our Telegram group is where the magic happens before the vote. Here, partnerships are forged, and deals are debated. Got a deal? Bring it forward and stand to earn more tokens for your strategic insight.
A Leap onto Ethereum - Deployed on the Ethereum (ETH) blockchain, Dalycoin is enjoying the same robust security and flexibility that's become synonymous with its platform. Each benefit, from immutable transaction records to simplified voting, is a building block in Dalycoin's fortress.
Blockchain and cryptocurrencies democratize finance by:
Enabling Direct Transactions: Peer-to-peer transactions remove the need for traditional banks as intermediaries, reducing fees and increasing the speed of transactions.
Providing Financial Inclusion: With just a smartphone, anyone can access cryptocurrency markets. This inclusivity brings financial services to the unbanked and underbanked, empowering millions worldwide.
Enhancing Privacy: While transparent, blockchain offers privacy. Users can control their financial footprint, unlike traditional finance where personal data is often vulnerable.
Offering True Ownership: When you purchase cryptocurrency, you own it outright. There's no need to rely on a bank to "hold" your assets; your digital wallet is your bank.
Ensuring Transparency and Integrity: Every transaction on the blockchain is recorded on a ledger that is immutable—once recorded, it cannot be altered or deleted. This eliminates fraud and corruption.
Empowering Voting Mechanisms: Blockchain enables secure and transparent voting mechanisms for investment decisions, bringing democracy directly to the investor’s fingertips.
Curtailing Censorship: No single entity controls the blockchain, making it resistant to censorship. This ensures that transactions and information remain free and open.
Funding Mechanism
Dalycoin token holders are invited to approve investments based on venture proposals that align with Daly Venture’s investment criteria, focusing on synergies from fields like Artificial Intelligence, Intelligent Automation, Chatbots, Machine Learning, Real Estate, and Digital Transformation.
Submitting a Proposal:
To submit a proposal to The DAO, one must:
Write and deploy a smart contract on the Ethereum Blockchain, then publish it.
Post proposal details on The DAO website, including the Ethereum Blockchain address of the deployed contract and a link to its source code.
Viewing Proposals:
Proposals are accessible on the Daly Ventures Website and other public platforms.
Submission Prerequisites:
To submit a proposal, an individual or entity must:
Own at least one Dalycoin DAO Token.
Pay a deposit in ETH, forfeited to the DAO if the proposal fails to achieve a quorum.
Initial Considerations:
WSKY will be the initial proposals considered for funding. Investments are funded based on a super-majority vote by Dalycoin holders.
Voting Process:
Tokens are converted into a voting equivalent validated by a chain of digital signatures. Token holders can transfer votes to a delegate by signing a transaction hash and the public key of the next owner. A 75% approval rate among voters is required to confirm an investment or distribution decision, binding all token holders to the terms.
Investment Deal Flow:
Upon arrival, deals are assigned to the DAO. Everyone has the opportunity to conduct preliminary research, and recruit any relevant support, potentially collaborating with other Dly token holders to determine if the deal seems viable.
A deal memo, typically 1-5 pages, will be drafted to introduce the company to the DAO, detailing the market, team, and technology.
The deal sponsor gathers feedback from the management team to address any concerns and mitigate key risks before making an official recommendation.
Successful lead partners on deals may receive additional grants of Daly tokens.
Finalizing Investments:
Positive sentiment among DAO members can lead to an investment being considered under specific terms.
Following thorough diligence by the management team, an investment decision is put to a vote among all token holders through a decentralized application.
Each token corresponds to one vote, with notifications sent via the dApp.
An approval rate of 75% or higher allows the fund to proceed with the investment.
Profit Distributions:
Dalycoin token holders vote on the Blockchain to decide whether to use their rewards to fund new investments or elect to take distributions.
Blockchain Technology provides multiple of key benefits
Single immutable record of equity transactions
Interprets rules in an unbiased way on a distributed ledger
Solves data quality issues at source
Increases compliance and accuracy when dealing with vesting schedules and notifications
Profit sharing and distribution criteria can be established upfront, increasing clarity for employees and stakeholders
Elimiates administrateive effort of record-keeping and reconciliation
Voting can easily be facilitated based on individual token holdings
Conclusion:
Cryptocurrencies and Blockchain technology are not just creating an alternative financial system; they are laying the foundation for a more equitable and just economic landscape. They promise a future where finance is democratized, power is decentralized, and everyone has the opportunity to become a stakeholder in a new global economy. We're not just creating a coin; we're forging a community where every voice matters and every vote counts. Join us in ushering in the era of Dalycoin—where finance is democratized, and profits are for the people.
