SWIP-08: DAO White Label Funding

Title: SWIP-08: DAO White Label Funding
Status: Proposed
Author(s): SHA256orBust
Created: June 28, 2022
Vote Here: Snapshot

Simple Summary

SWIP-08 seeks to set aside $11,000 in SWD tokens from the DAO treasury for the purpose of white label development expenses. These tokens will be used to pay the design and development team for the build-out of a multiple use white label investing platform.

Abstract

‌The SW DAO treasury will set aside $11,000 in SWD tokens for white label development expenses. If approved, this would be the first time that funds from the DAO treasury are used to finance the development of a white label product. This investment would enable the team to create a platform that could be used by multiple organizations, saving each one the time and expense of developing their own solution.

Motivation

‌StackedInvest’s decision to shut down its Algorithmic Trading Marketplace on August 1st provides SW DAO with a unique opportunity. Leveraging our expertise in smart contract development, front-end design, and structured product development, we will discuss fee sharing arrangements with StackedInvests previous clients to move their products to a decentralized offering.

In addition, we will bring our Centralized Investing services public by Q4 2022 and provide these services as a combination of Decentralized and Centralized algo trading solutions to our partners communities. This presents a golden opportunity for all parties involved, and we look forward to working together to realize the full potential of this market.

We have already discussed development costs with our Development and Design team and have been quoted at $11,000 for a White Label platform generator payable in our native SWD token. The team is confident that they can develop the necessary functionality within the quoted amount and timeline of August 1st delivery. We believe that this cost is a fair price for the service, and it will allow us to offer a competitive product in the market.

Specification

Overview

The purpose of this funding is to provide financial assurance for the white label product development that SW DAO will produce. The product will be delivered as a software-as-a-service (SaaS) model, and the customer will be billed monthly as a portion of their product streaming fees. The product will be hosted on SW DAO’s servers, and the SW DAO dev team will be responsible for maintaining and updating the software. The customer will be responsible for ensuring that the software is compliant with all applicable laws and regulations.

In addition, the platform would be designed with flexibility in mind, allowing each organization to customize it to meet their specific needs. The team believes that this investment would pay off in the long run, ultimately saving the DAO money while also providing a valuable service to the community.‌

Payment Specification

The Development & Design team has requested that payment for their work be delivered weekly, in the form of SWD tokens. This arrangement will last for the duration of the 4-week development period, after which time the team will have received a total of $11,000 worth of tokens.

This arrangement is beneficial for both parties involved, as it allows the team to be paid promptly for their work while also giving the company flexibility in terms of cash flow. Weekly payments also help to ensure that the team is able to maintain a consistent level of productivity, as they will not have to wait for a large lump sum payment at the end of the project.

The Vote

The vote will appear as such:

Do you approve the use of $11,000 of SWD tokens from the DAO Treasury for White Label Development & Design?

All changes outlined above will be approved or denied in a single vote. ‌Governance participants will select one of the following two options:

  1. Yes
  2. No

As per standard governance operating procedures, 20% of the circulating supply must take part in the voting, and the outcome will be decided based on which of the two options receives more than 50% of the vote.‌

When a 50% majority winner is determined, the DAO Treasury will, or will not, implement all changes highlighted above.

Rationale

As part of our commitment to promoting the growth of the SW DAO ecosystem, we are seeking to set aside $11,000 in SWD tokens for the purpose of white label development expenses. This will allow us to pay the design and development team for the build-out of unlimited white-label investing platforms. This will provide a boost to the ecosystem by increasing the number of active users and bringing in new expertise and talent.

In addition, it will allow us to expand our reach and impact beyond our current members. We believe that this is a critical investment in the future of the SW DAO ecosystem, and we are confident that it will pay off in the long run.

We are excited to announce that we are already in discussion with six StackedInvest authors about the creation of a white-label platform for their audience. This will allow these authors to offer their audience a branded investment experience that is tailored to their specific needs. We believe that this will be a valuable supplement to their offerings, and we are looking forward to working with these authors to create a platform that meets the needs of their audience.

Copyright

Copyright and related rights waived via CC0.