🔹Why did Mosaico 3.0 rely on DAO?

Our DEFInition of DAO

DAO (interchangeably DAC) - A new format of an organization (e.g., a company) that, through decentralization, is transparent (public) as well as democratized, and, through tokenization, enables capital to be raised for its development, traded on the secondary market, and managed by the company through voting and investor relations. The DAO becomes the entity responsible for the collection, its management can be revoked, and the funds raised are available for inspection by Tokenaries.

Behind the issuance of company shares stand a joint-stock company, and behind the issuance of tokens, stands a company in the traditional form. However, the design of traditional companies is incompatible with tokens, so we propose at Mosaico to set up a decentralized company (DAO) before tokens are issued. The company will be in charge of all the issuances, initial and subsequent. The tokenist will be able to see their account balance and vote for or against changes or even join a class-action suit. Presumably in the near future Token Issuers will have two companies - a traditional one and a decentralized one. The decentralized one can already be used to manage capital and Tokenaries, and will also provide employee rewards based on smart contracts in the near future. Mosaico proposes a new company format, the DAO, that better addresses the needs of issuing digital assets, or tokens, and taking care of the interests of Tokenaries. In the future, having a traditional company will be redundant!

In the New DEFInition of Investment, we intended to program as many things as possible in a systemic way. Therefore we needed a voting system based on governance tokens typical of DAOs. Imagine companies that have a transparent account where they collect funds and then it is visible what those funds are used for.