A merge between crypto and philanthropy is underway through decentralized autonomous organizations and NFT fundraisers. As the fields become more intwined, what can we expect in the future asks sightnoah.
Blockchains can host smart contracts, a sort of unadjustable code that automatically enforces rules, removing the need for central figures of authority. Rather than an individual or group bearing responsibility for operations, smart contracts can be interacted with through token voting.
Following the genesis distribution, the reward schedule should be kept indefinite to continuously reward regular participants with voting power and without relying on board-determined inflation events. Cap the total number of tokens that will ever be in circulation while rewarding members in proportion to the size of the user base to incentivize bringing other users to the platform.The token should in no way affect the funding nonprofits receive.
For rewards to be distributed fairly, a DAO-elected committee is tasked with establishing transparent and easily understood parameters to measure the impact within the organization. Based on user interactions, members are assigned a score and can receive a proportional reward on a recurring basis.
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