Please describe your proposed solution
What is Domino DAO?
Domino DAO (DD) is a decentralized autonomous organization (DAO) providing a governance system for the Impact Web3 Community.
Domino DAO will connect stakeholders from the world of philanthropy, the 'third sector' of NGOs, charities and non profits, impact organizations, Impact Investors, and grassroots activists, and employ a diverse group of Impact Evaluators, with a focus being on community and grassroots-led action.
Domino DAO will be the Governance Community and a meeting place for all impact organizations and people across the globe. The DAO will help govern the Impact3 ecosystem both Sustainable ADA and Proof of Impact Platform - PIP.
The DAO will help facilitate PIP governance, helping create rules and incentives for the platforms and equipping users and stakeholders with useful tools. We plan to utilize PIP and the DAO by creating a community-impact treasury where the community helps vote for different projects that need help scaling their positive impact.
Through the DAO we plan to partner up with different projects and impact ecosystems to amplify our impact and provide out community with more opportunities to express their positive impact.
<u>Pre-funding </u>
Sustainable ADA has been focused on Positive Impact in the Cardano community since Project Catalyst Fund 4. We received our first Catalyst grant in Fund 6 and have been helping give back and grow the Cardano community since then. Learn about our Catalyst journey below.
During Fund 6:
With the Cardano Aim team we helped with the research of adding SDG ratings to proposals in the Catalyst ecosystem.
Add SGD Ratings to proposals: <https://projectcatalyst.io/funds/6/f6-partnerships-for-global-adoption/add-sdg-ratings-to-proposals-aim>
Research in Applying Frameworks: <https://projectcatalyst.io/funds/6/f6-partnerships-for-global-adoption/research-in-applying-frameworks-aim>
During Fund 7:
Sustainable ADA during fund 7 did research to evaluate and look at different Impact measurement frameworks to find what works best for blockchain technology. We also did research on creating a token called the Sustainable Goals Token and the idea was to create a research based framework and platform for impact investing, monitoring and evaluation.
We created a white paper for both the Impact Measurement Tool & the Sustainable Goals Token:
Impact Measurements Tool White Paper:
SGT White Paper:
Impact Measurement Tool:
- <https://projectcatalyst.io/funds/7/f7-improve-and-grow-auditability/impact-measurements-tool-research>
Sustainable ADA Goals Token:
- <https://projectcatalyst.io/funds/7/f7-miscellaneous-challenge/sustainableada-goals-token-research-5d5d2>
During Fund 8:
Partnership Generation
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<https://projectcatalyst.io/funds/8/f8-cross-chain-collaboration/cross-chain-impact-lead-generator>
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<https://projectcatalyst.io/funds/8/f8-business-solutions-b2b-and-b2c/community-lead-generation>
Onboarding new Users:
- <https://projectcatalyst.io/funds/8/f8-new-member-onboarding/the-impact-onboarding>
During Fund 9:
- <https://cardano.ideascale.com/c/idea/64495>
Creating the Impact Measurements process and Tool for companies to help define KPIs, measure, verify, and report them, with a focus on SDGs impact.
During Fund 10:
Protecting Indonesia’s ecosystems - home to 1 % of the Earth's land area and rainforests with 10 % of the world's known plant species, 12 % of mammal species, 17 % of all known bird species.
- <https://projectcatalyst.io/funds/10/f10-catalyst-open/protecting-indonesias-ecosystems-home-to-1-percent-of-the-earths-land-area-and-rainforests-with-10-percent-of-the-worlds-known-plant-species-12-percent-of-mammal-species-17-percent-of-all-know-35e99>
During Fund 11:
We partnered up with the Catalyst IO, and Rare Network teams to help develop the content and help facilitate 26 Catalyst Working groups workshops across the globe. We also help put together an event in Barcelona Spain for the kick of the Catalyst Working Groups and the first in-person launch of a Catalyst Fund Fund12!
<u>Initial integration:</u>
We have taken the first steps to build the Domino DAO. By the end of May 2024, we plan to have the DAO registered in the State of Wyoming. This will help build the integrity of the DAO and allow us to operate on a legal basis. This will also allow us to legally incentivize DAO members and create paying roles around the DAO.
The DAO will be registered as a non-profit and the main goals will be to enforce community action in the Impact Web3 community and help amplify anyone's impact across the globe. We are connecting Impact Project, Impact Investors, Impact Evaluators, and grassroots activists from all across the globe. Through the collective decision-making at Domino DAO, we will be able to create a wave of impact that ripples into every place around the world.
What we have built:
Another initial step we have taken to launch the DAO is create a landing page. At dominodao.com, anyone from anywhere in the world can get plugged into our community.
Onboarding - https://impact-web3.gitbook.io/hub
- We have created a simplified onboarding process for new members to get connected to the Cardano blockchain and join the Domino DAO. Through, our Gitbook new members can go through the step-by-step process and learn more about our DAO.
Governance - https://www.clarity.vote/organizations/DominoDAO
- We have created a governance portal for Domino DAO through the Clarity Protocol. Here members can take part in quests and also vote on governance items by holding a Domino DAO Pioneer Pass.
Membership - https://dominodao.nmkr.store
- We have created a marketplace powered by NMKR for purchasing a membership NFT. These NFTs give Domino DAO members access to our governance portal. This allows members to vote, submit new ideas, and take part in quests to receive impact points and a community reputation score.
<u>Post-funding:</u>
What is Domino DAO?
Domino DAO (DD) is a decentralized autonomous organization (DAO) aiming to provide a governance system for the Impact Web3 Community. Domino DAO will connect NGO/Impact Organizations, Impact Investors, and grassroots activists and employ a diverse group of Impact Evaluators, with a focus being on community and grassroots-led action.
Domino DAO will be the Governance Community and a meeting place for all impact organizations and people across the globe. The DAO will help govern the Impact3 ecosystem both Sustainable ADA and Proof of Impact Platform - PIP.
The DAO will help facilitate PIP governance, helping create rules and incentives for the platforms and equipping users and stakeholders with useful tools. We plan to utilize PIP and the DAO by creating a community-impact treasury where the community helps vote for different projects that need help scaling their positive impact.
Through the DAO we plan to partner up with different projects and impact ecosystems to amplify our impact and provide out community with more opportunities to express their positive impact.
Next Steps for Domino DAO:
Initiate a DAO Treasury
- Use initial funds to start the treasury. The treasury will be used to help fund impact projects and different activities in the Domino DAO.
Onboard Community Board Members & Mods
- Onboard community Mod to help with running the discord servers and having extra members of the team interact with the community. This will allow us to take the next steps to build a community landing center for discussions and information.
Integrate with Andomio & Create a PBL Course for Impact Measurement Auditing
- By creating an Impact Evaluating certification and courses through Andomio we can provide evaluators with the proper tooling to go out and 3rd party audit the impact of the organization on PIP.
Research on Official Governance Structure
- Develop a more official governance structure for the Impact Web3 ecosystem.
- Create plans for how integrating a future token can help amplify the work of the DAO. Define roles and responsibilities
Create a Constitution
- With our community layout the framework for a community constitution for Impact Web3 and community Bylaws.
Develop Revenue Models
- Develop ways for DAO to interact with a token. Develop new ways for the DAO to work with other communities and create new incentive opportunities.
Create a Lead Generation and Referral Program
- Release a Lead Generation program onboarding new businesses and investors into our community. Create referrals to keep track of member contributions to help grow the DAO.
Create a DAO Onboarding/Marketing Plan
- Layout the framework for upgrading the DAO onboarding process and making it more simple and seamless.
- Creating a marketing plan and putting it into action to onboard more impact-focused organizations and grassroots activists into the Domino DAO.
Why do we need a Domino DAO?
The goal of the DAO is to create a local and global community of impact driven people, evaluators, and investors. Helping create a vibrant and inclusive community, focused on funding, growing, and rewarding impact projects, investors, and evaluators.
The Domino DAO will act as a central base for the PIP and Sustainable ADA community. It will be a community hub where anyone from anywhere in the world can contribute and get compensated through the PIP token and other community incentives for participation.
In the future, the DAO will help with decision-making and govern the PIP platform token, which will allow token holders to participate in the platform's decision-making process.
What the Domino DAO can offer:
Platform governance: Domino DAO will create the rules and incentives for the Proof of Impact Platform's users and stakeholders.
Governance token management: The DAO will create and manage the platform's governance token, which will allow token holders to participate in the platform's decision-making process.
Community management: The DAO will manage the platform's community, including social media, forums, and events.
Community Education: Education for community members and access to all our Impact Web3 Products and tools
Impact Evaluation Certifications: PLB course and certifications for Impact Evaluations
Opportunity to make the world a better place: Work in a decentralized community where you have the say and can make a different in the world through the power of collaboration.
Impact Investing community: Foster a community of impact investors and through the Domino DAO and PIP create an easy investor-to-investment relations ship
Target Market for Domino DAO:
The Domino DAO is designed for blockchain enthusiasts and investors who are interested in decentralized finance and governance, including:
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Blockchain developers: Blockchain developers can use the Domino DAO to build decentralized applications and protocols that are governed by the community. The platform provides them with a secure and transparent framework for developing and testing their projects.
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Decentralized finance (DeFi) investors: DeFi investors can use the Domino DAO to invest in a range of decentralized projects and protocols that are governed by the community. The platform provides them with access to a diverse range of investment opportunities that are transparent and secure.
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Governance experts: Governance experts can use the Domino DAO to contribute their expertise and insights to the community. They can help to shape the direction of the platform and ensure that it is governed in a fair and transparent manner.
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Crypto enthusiasts: Crypto enthusiasts who are interested in decentralized governance and finance can use the Domino DAO to participate in a community that shares their interests and values. They can contribute to the growth and development of the platform while learning about the latest trends and innovations in the space.
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Institutional investors: Institutional investors can use the Domino DAO to invest in a range of decentralized projects and protocols that are governed by the community. The platform provides them with a transparent and secure framework for investing in the future of decentralized finance and governance.
<u>Plans Down the Road</u>
In the future, we plan to integrate a token into the Impact Web3 ecosystem and when the time is right the DAO will be part of the incentives for this token. We also want to include DIDs & KYC in the the future so we can verify businesses are actually businesses and that are Impact Evaluators are the Evaluators they say they are.
Why include DIDs, Certified Credentials, & Impact Evaluation certifications
We will be creating a project based learning education framework. A course and mandatory certification for anyone to become a 3rd party impact evaluator, enabling individuals to access a new income stream.
- This will allow evaluators to work for the Domino DAO and be third-party evaluators for project we track the impact of through PIP.
- This opens up an employment opportunity but also will allow for evaluation in the future to be even more greenwash proof.
- This will also enable the projects we highlight on our platform to be formally verified so that we know that the funds go to who they say they are.