Aragon supports the development of the Wetonomy Toolkit!
Not a year has gone by since we founded the Comrade Cooperative and we are very
learn moreIn a world awakening to decentralization as a core value and basis for new business models, Wetonomy gives forward-thinking entrepreneurs the tools to collaborate at scale and create value without borders and intermediaries.
Wetonomy combines blockchain smart contracts and incentive frameworks to help you create an organization ran by code. We give people the ability to collaborate, share profit, fund ideas and reward contributions with a level of trust and automation that was impossible prior to blockchain technology.
Now Any team and organization can issue their own cryptocurrency tokens, make transactions and give voting rights to token holders.
Our framework offers a set of templates and applications to establish your own flavor of Decentralized Autonomous Organization (DAO)
Wetonomy has a preset of rules and default settings to best suit the type of organization you are looking to establish.
Within a Wetonomy, people can be assigned roles, seniority, and level of reward for their contribution.
Collaboration and sharing profits are automated and no longer require trust, jurisdiction, and common borders to flourish.
Your blockchain token will be in the heart of your internal economy. You can effectively use it as a unit representing value, in order to reward work or make transactions without the need of trust or intermediaries. Tokens can be then exchanged for other crypto.
Through token allowances people can fund projects they deem most important. This way your community is proactively engaged with the success of an entreprise. The token allowances can also be used to transparently reward peers for a particular contribution.
Members' earned token balance can represent their stake and past contribution to the organization. Through their tokens, members can apply a level of control over their own organization in a transparent and democratic manner.
Wetonomy also introduces a new, tested concept for building an organization from the grounds up. People with a common goal can agree to work towards it rewarding their efforts with debt tokens. While working, each person’s accumulated debt is accounted for on the blockchain and repaid automatically through rules locked in smart contracts once a revenue source comes in. This allows people to collectively boost an enterprise without relying on trust or heavy bureaucracy.
THE POWER TO TRANSFORM COMMUNITY GOALS INTO A SHARED RESPONSIBILITY
Wetonomy allows you to setup automated and transparent rules for sharing profits based on objective merits and contribution.
You can set aside budgets and allow your team members or community to decide how they should be spent.
Peer recognition is among the top motivators in the workplace. Wetonomy allows people to thank for and reward publicly the help of a teammate.
Team management, time tracking & bounty rewards concepts tested within the Comrade Cooperative
Enables a team, company, friends to collaborate, award each other and contribute together to their project
Including Setup wizard and templates with several presets for Wetonomy configurations based on different use cases
We at Wetonomy recognize that as a society we are on the threshold of a new page in history. Today the AI automation is rapidly penetrating all types and levels of business. Penetration perpetuated by the same old profit-centered values where cheaper automation is the key to staying competitive. This mindset threatens the livelihood of ever-growing amount of people.
And while we’ve seen this happen many times before with technology, today is different. As with today’s technology, we can also self-organize on a global scale, start building innovation independent of corporate funding and as people focus on work that fulfills our creativity, rather than enslaves it.
That is also what inspired Wetonomy – to allow our happiness at work and desire to create to coexist again.
Not a year has gone by since we founded the Comrade Cooperative and we are very
learn moreWetonomy is a set of applications and templates built on top of AragonOS that streamlines the
learn moreWhat you missed in part 1: We discussed why the idea of decentralization and DAOs took root
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