Power DAO Price (POWER)

What Is Power DAO(POWER)?

Power Protocol is a meta-governance framework that combines transparent and traceable KPIs with financial rewards and penalties to facilitate effective collective-decision making and collaboration. The Power Protocol enables new or existing DAO's to manage themselves more effectively. Power DAO is Power Protocol's genesis community, and can generate an arbitrary number of Special Purpose DAOs (SP-DAOs) that use Power Protocol.

The Founders of Power DAO(POWER)?

Power DAO(POWER) is founded by Sasha Ivanov. Sasha Ivanov is a Technology Entrepreneur and for the past decade he's been helping improve business, banking and public administration systems evolving electronic payment mechanisms. In 2016 he founded Waves Platform, a global public blockchain platform with a market cap of $1.7 billion (as of 19th December, 2017), which was crowdfunded 30,000 BTC ($18 million), representing the second-largest successfully crowdfunded blockchain project (after Ethereum). The name references his background as a theoretical physicist and the recently-discovered gravitational waves predicted by Einstein a century ago.

How Does Power DAO Work?

The Power DAO will issue a limited supply of $POWER tokens and provide liquidity to facilitate $POWER token buybacks using basic automated market maker (AMM) mechanics. All SP-DAOs are initiated and activated through the Power DAO. Any Power DAO user with a certain amount of $POWER staked, can submit an SP-DAO Initiation proposal to vote. After a SP-DAO Initiation proposal vote succeeds, the proposal moves to an Activation vote for a specified period of time. If the Activation proposal is successful, the transaction is executed and the new SP-DAO is launched on the Power Protocol.  

What Is POWER Token?

$POWER is a limited supply governance token with a maximum of 1,000,000 $POWER tokens minted. $POWER’s scarcity protects against the Sybil governance attacks common to inflationary simple token governance models. A Sybil governance attack occurs when a malicious actor takes control over a majority of governance tokens (by accumulating a large stake on the open market, accumulating ongoing emissions, or by bribing other stakeholders) and can therefore control the outcome of arbitrary votes. The total supply of $POWER is fixed and deflationary. Power Protocol's unique Stakeholder slashing penalty gradually reduces the total supply of $POWER over time. In addition, as the sole medium of exchange across Power Protocol DAOs, $POWER is used to distribute profits, rewards and conduct buybacks, creating consistent buy pressure and price appreciation 

The $POWER token's utility comes from the same functionality that any Layer 1 blockchain's native token has. It is used as a medium of exchange and a means of governing all DAOs that utilize the Power Protocol. All profit and rewards generated on the Power Protocol are paid out in $POWER, and Stakeholders can use $POWER to govern Power DAO and propose and govern new SP-DAOs.

Power DAO (POWER) Community

• Twitter: https://twitter.com/PWRDAO
• Medium: https://medium.com/@PWRDAO
• Telegram: https://t.me/PWRDAO