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BanklessDAO is a very open community. Anyone can join BanklessDAO's server through Discord and gain access to most information and historical working documents.

The BanklessDAO -- a Valuable Example of decentralized Collaboration

Author: Wang Chao, Empower Labs

In the past two months, whenever it comes to the topic of community collaboration, I will give you BanklessDAO, and recommend you to watch, learn and participate. In my opinion, BanklessDAO, just over four months old, is already an excellent example of community collaboration.

What does BanklessDAO do? But I have not been able to give a concise and accurate answer. If I had time for the occasion, I'd take a few minutes to tell you about it.

Fun things to do in bank Lesson Dao. If I don't have enough time, I usually just say, "Go see for yourself. It's really good." But when you actually go into BanklessDAO Discord, you probably crash the moment you enter. There are more than 200 seemingly chaotic and bizarre channels.

It's a treasure trove, but it's a bit messy.

BanklessDAO is technically easy to define; it is both a community and an autonomous organization. But further down the line, what exactly is BanklessDAO? 100 members will have about 101 answers.

Some say it's a bunch of Discord channels plus a forum. Some say it's a bunch of smart contracts. Some say it's kind of like a company, consisting of a bunch of guilds. Last month BanklessDAO and UMA had a mutual AMA. When asked what exactly BanklessDAO was, even several of the core sponsors gave different answers.

Whatever the answer, one thing is certain: BanklessDAO is buzzing.

Due to the large amount of content that needs to be covered, the introduction to BanklessDAO will be divided into three parts:

1. Know Bankless DAO

2. BanklessDAO organization and collaboration

3. BanklessDAO's economic system and community characteristics

This is the first one.

Know Bankless DAO

BanklessDAO is originated from Bankless, a media founded in 2019. It was originally a newsletter tracking the trends of the encryption industry. In 2020, it added podcast and other contents. The registered company is Bankless LLC.

Bankless is one of the most influential in the crypto community, with a strong subscription base and numerous articles. Predictions of industry trends are also timely. If you look back at previous Bankless articles, you will find that they are full of wealth codes. In May, Bankless sent out an offer to the community to start the Bankless DAO.

Despite being initiated by Bankless Media, BanklessDAO is the product of community consensus. It has no legal entity in traditional commercial society and operates completely independently of Bankless media. There is no overlap at all at the business or legal level.

BanklessDAO has done a great job of gathering community members. Its community call for articles is very well written, post the translation here (with a slight abridged version).

We have entered an era of large-scale organization through the Internet.

Ethereum's ability to coordinate allows strangers with shared values and goals to organize under a common flag, and enables them to steer the world toward their vision of the future. Internet communities combine with crypto assets and use them as tools to concentrate capital and labor into productive outputs. With community consensus, individual skills and resources can be combined to form a powerful collective force to bring about change in the world. With this, humanity has the ability to build new, Internet-level organizations that are aligned with the values of their members.

And we need that more than ever.

Bankless was launched in 2019 as a Newsletter, a public good that spreads Bankless technology to all corners of the world. Bankless's growth exceeded our wildest expectations. It is clear that the energy behind Bankless is far greater than a single medium can harness.

Now the bankless idea is ready to pass from the few to the many. It is a global flag, and BanklessDAO is the organisation that co-ordinates people under that flag. Only Internet native organizations can develop internet-level change, so we need it.

We want a system that comes from the people and serves the people.

We want to spread crypto culture.

We want to help make the world bank-free.

Bring your talents, time, and ideas and join the revolution.

Join BanklessDAO!

Open BanklessDAO

BanklessDAO is a very open community. Anyone can join BanklessDAO's server through Discord and gain access to most information and historical working documents.

Participation in collaborations and conferences requires membership in exchange for holding a certain number of BANK tokens. However, this is more voluntary. There is also a special channel for applying for a special pass in the server. If you introduce yourself and the direction you are interested in in that channel, you can easily apply for a Guest Pass and unlock all kinds of functions for speaking and participating in collaboration.

Bankless discord has about 8,000 members, drawn together by a desire for a Bankless society, an interest in collaboration on the Internet, a desire to make money to support their families, or simply a curiosity about the content of certain channels.

When they got to know each other, they formed more than ten unions in different directions according to their own interests and abilities. A labor union is like a small department in a company, the design department, the development department, the legal department, each department has its own members, different strengths and responsibilities. A closer look at the union is like a division, each of which tends to work on the dot, creating some public goods or programs, rather than merely being satisfied as a functional department serving other departments.

Currently there are 13 guilds in writing, finance, translation, research, Operations, Marketing, law, education, design, business development, development, video, and data analysis.

Joining any trade union is completely open; all you need to do is go to the notion page and fill in your name and expertise. And there are a lot of fierce people in various unions, and there are really a lot of legal experts in legal unions. There's a bunch of machine learning buddies in the data analytics union.

A member of the law society

Member of the Data Analysis Society

However, even non-professionals can join all kinds of unions. Many unions cover a wide range of topics, and even in professional unions, there is a lot of transactional collaboration that is handled by non-professionals. I once worked in a legal union, listening to people talk about compliance, how to design a legal structure, and the difference between the same operation under the American and European legal systems, and helping the union when necessary.

In theory, the ultimate goal of all unions is to promote a #gobankless society. The unions differ in their methods and processes, but share the same goal. But the goal is sufficiently vague and large that it can be applied in almost any direction to justify its existence.

In the discussion of the union, a large number of project ideas were produced. Some projects get enough consensus to change from IDEA to Action. There are discord bots, there are blockchain index funds, there are Bankless islands in the metasomes, and there are more real-world business partnerships that seek to expand unions and organizations.

List of Community Projects

The main discussion takes place in Discord. Normally, there will be a weekly voice session of 1 to 1.5 hours. Consensus, conclusions and work items are put into Notion, which is maintained by everyone to track the work status.

Any member can participate in any union discussion or voice conference. Almost all working documents and meeting minutes are open.

Full open schedule every day

All the minutes of the meeting. A bit like UTXO, you can go back in time to the very beginning of the DAO.

It's like walking into a company by accident and realizing you can tour the company and listen to every meeting in every department. And almost all of the department's historical discussions, historical working documents are there for you to see. When you've been shopping around for a long time and you find a department or project that you're interested in, you say I'd like to play, too. A bunch of people say and say and say, but you're missing. You said I only have one hour a day. They said one hour a week. Come on.

I can't think of a more open productivity organization.

The above is a panoramic introduction to BanklessDAO, while more detailed topics about how the organization works together and governance will be covered in the next two articles.