Hodl Assets on ETH by DAO | MoveDID 0x02

Homepage: https://movedid.build

Manager: https://manager.movedid.build

In the previous article, we mentioned that ultra-lightweight DAOs can be created through MoveDID.

> https://medium.com/@noncegeek/create-an-super-lightweight-dao-with-movedid-9db6e915f1e1

Today we will expand on this and explain how MoveDID-based DAO allows DAO to hold ETH-based on-chain assets.

In the future, this series will show more interesting ways to play based on MoveDID, see the outline:

0x01 Why should DAO jointly hold assets?

DAO is a “consensus-based organization”. Therefore, how to form a “solid consensus” in the early stages is a key proposition of DAO.

Cold-starting a DAO from common believers in a certain asset is an effective way.

For example, lootbelievers, bitcoinFrog believers, etc.

0x02 How to let DAO jointly hold assets on MoveDID?

Homepage: https://movedid.build

Manager: https://manager.movedid.build

MoveDID is a very lightweight DID Protocol, consisting of two parts: AddrAggregator and ServiceAggregator — address aggregator and service aggregator.

0x03 How to let DAO jointly hold assets on MoveDID?

For a DAO based on MoveDID, Common Addrs are equivalent to member addresses, and then “Asset Addrs” are the addresses of assets held by the DAO.

Because of MoveDID’s high scalability, it can support all chains, such as BTC, Solana… as long as the corresponding Verification Module is added.

At the dApp level, asset holding is achieved by adding an address whose spec_field is {“type”: “asset”}.

Step 0x01. Add asset type address

Step 0x02. Jump to the signer for signing

Step 0x03. DID successfully added Verificated Asset Addr

What will be happened NEXT?

There will be three subsequent updates to MoveDID:

• DAO Panel

Use Panel to update DAO information on MoveDID in real time

• Asset Pool

Establish a model in which DAO Members jointly hold DAO assets through investment

• Programmable Whitepaper

Service supports programmable protocol-containing white paper