DAOTEK
DAOTEK2024-04-05T02:58:26+11:00

DAOTEK is a DAO Creation

& Management Platform

A layer_1 blockchain purpose-built for DAOs, DAOTEK is a no-code easy-to-use solution that can be heavily customized

  • GTEK ROLL OUT

  • Hard Cap 100,000,000

June 11, 2024

5,000,000 GTEK

$0.19

September 9, 2024
5,000,000 GTEK
$0.25

December 19, 2024
10,000,000 GTEK
$0.50

March 25th, 2025
30,000,000 GTEK
$ TBA

  • NODE ROLL OUT

  • Initial Node Limit 2,000

June 11, 2024
500 Standard Nodes

10,000 GTEK Per Node

September 9, 2024
500 Authorized Validator Nodes
50,000 GTEK Per Node

December 19, 2024
500 Standard Nodes

10,000 GTEK Per Node

March 15th, 2025
500 Authorized Validator Nodes
50,000 GTEK Per Node

What is DAOTEK?

DAOTEK is bringing DAOs to the masses, simplifying the process of creating and managing DAOs and thus allowing more people to build and work with them.

The DAOTEK promise: easy creation, full customization, and efficient management of DAOs on a purpose-built platform rich in DAO functionality.

DAOTEK tackles the issue of scalability through its accelerated Collective Consensus Mechanism, which distributes validation rewards through DTEK, a collateralized payment coin that also serves as a medium of exchange in the ecosystem.

The blockchain is developer-focused, incentivizing the development of new DAO features, in response to DAO founders and participants discovering new needs and requirements

DAOTEK is designed to function as a revenue-generating and self-sustaining ecosystem, powered by the GTEK token. Holders of GTEK, staking their tokens in nodes, earn a transaction validation fee and become members of the DAOTEK DAO, the custodian of the protocol

Learn more
White paper

A layer_1 blockchain purpose-built for DAOs allows

  • technical and development flexibility

  • the DAO community overseeing the direction of the blockchain, to make decisions that are in the best interest of the evolution of the blockchain

  • to make changes far more quickly than is possible on a blockchain where community interests do not prioritize DAOs.

Do you want to know more about DAOTEK?

Just ask here!

Solving the Complexity Puzzle

Today, DAOs are “by and for” the Defi and cryptocurrency world. As a consequence, DAOs are difficult to set up: they require blockchain and programming expertise, skills that the vast majority of humanity simply doesn’t have. In fact, most “civilians” have no idea what a Decentralized Autonomous Organization is or what it’s for, let alone how to build and manage one.

DAOTEK believes that DAOs hold great promise. But the promise will remain unfulfilled if creating and managing a DAO cannot be simplified, if it cannot be brought to the masses in a way that ordinary people can understand and implement.

Peter Kent January 2022

The DAOTEK platform will begin with solutions such as the following:

  • Infinitely expandable functionality

  • a permissions-set editor, allowing fully customizable permissions within the DAO

  • DAO voting with expandable permission sets and the options for anonymity

  • communication and file-sharing tools

  • digital-file register

  • tokenized-asset registers for digital and physical assets as well as tokenized services

  • Tokenomics toolset for DAOs native tokens

  • Easy-to-use wallets (even by people with no cryptocurrency experience)

  • DAO-oriented security and privacy solutions

  • a treasury, and financial tools that integrate with decentralized and fiat economies

  • smart contract editor and libraries

  • UI/UX designed for non-technical users

  • …and much more!

DAOTEK Technology Snapshot

DAOTEK has evolved proof of stake to suit its layer_1 blockchain purpose-built for DAOs. Below are some of the key aspects of the technology that will form the DAOTEK DAO Platform.

DAOTEK Collective Consensus

Mechanism

is an enhanced Proof of Stake consensus mechanism combined with a proof-of-history timestamp distribution mechanism and parallel processing of the blocks within the network.

Branching Chains

The DAOTEK blockchain consists of a root blockchain, with individual blockchains (called branches), which are ledgers for each DAO linked to the root blockchain.

Digital File Register

Digital files are stored safely in a secure, distributed file-storage system IPFS2. Each file is referenced by the DAO’s digital-asset register. Files would only be accessible through the asset register, with access rules and permissions defined by the asset owner.

Masked Transactions

will be processed as a special class of encrypted transactions on the DAOTEK blockchain, where permissions are set by the initiators of the transaction. Permission to access and view can be granted (and revoked), by the DAO, to particular DAO members, members of other DAOs, third parties such as certified validators, and of course the initiator of the transaction.


Smart Contract Visual Builder

will provide a no-coding solution to organizations that wish to use smart contracts in their DAO. The DAOTEK visual UI SC dApp will provide users with tools to build contracts, and they’ll also be able to edit smart-contract templates from a library of free and for-fee contract templates that they can use to build their own customized smart contracts.


Messaging & File Sharing

files will be divided into small pieces and distributed through nodes and stored in distributed and duplicated form on the IPFS (Interplanetary File System). When a member requests a file later, multiple nodes can transmit using multiple connections, from multiple nodes. A hash identifying the file is stored within the DAOTEK blockchain itself, along with a “content address” defining how the file can be retrieved from the IPFS

A smart and secure DAO platform backed up by nTEK node technology

nTEK is a custom-developed chipset in a module, designed for faster transactions and enhanced security, and can be embedded on nodes.

Nodes will be recognized as authorized validator nodes, preventing any potential breaches in the verification process, and blocking unauthorized nodes from validating transactions. Authorized validator nodes will have a lower consensus threshold than regular nodes, enabling faster transaction processing on the network.

2,000

nTEK nodes

Developing world’s most secure decentralized node network with 10,000 nTEK nodes by 2025

162,000

current block creation/second/node

Driving to an 8x increase in block creation per second within 24 months

SAMPLE USE CASES FOR DAOs ON DAOTEK

DTEK & Transaction Cost Stability

DTEK is the DAOTEK blockchain native utility cryptocurrency (coin). Its primary function is to pay for transaction validation; however, it also serves as a medium of exchange within the DAOTEK ecosystem as well as with external crypto and non-crypto economies.

DTEK is designed to keep the DAOTEK DAO economy stable and isolated from volatility in both the crypto world and centralized economies. It’s a global, asset-backed medium of exchange that provides assurance for DAO founders, their members, stakers, and infrastructure developers, by eliminating cryptocurrency and fiat volatility and ensuring predictable operational costs and returns on the DAOTEK blockchain.

Eliminating extreme volatility in the medium of exchange is essential. Many transactions, such as wages, taxes, physical asset purchases (furniture, office equipment), and so on—the basic requirements of operating in the real world—still need to be performed using fiat currency. A medium of exchange within the DAO should be pegged to both crypto and fiat currencies and across the key geographic locations and blockchains in which DAOs operate and trade with.

The price of DTEK is equal to the asset holdings in the DTEK vault account, divided by the circulating number of DTEK

  • DTEK will be asset-backed by a basket of crypto and fiat currencies

  • DTEK price is calculated in real-time

  • Funds received for the sale of DTEK are held in the DTEK vault account

  • DTEK asset-backing is realized from the sale of DTEK to DAOTEKERS (users of the DAOTEK blockchain platform)

  • DTEK is designed to be openly tradable; DTEK can be exchanged for other cryptocurrencies (including stable coins), and for fiat currency, through the DAOTEK exchange (DAOTEK DEX)

  • DTEK is taken out of circulation when it is exchanged on the DAOTEK DEX for another currency

How DTEK Circulates in the DAOTEK Economy?

  • DAOTEKERS (DAO founders and users) use DTEK to…

  • Pay for transactions within their DAOs

  • Trade with their members

  • Trade with other DAOs

  • Trade with other crypto economies

  • Trade with real-world companies and individuals

  • Acquire templates and toolsets (DAO-management software)

  • Pay for services and products from DAOTEK and DAOTEK developers

  • Sell services and products

  • DAOTEK Infrastructure Providers & Developers use DTEK to…

  • Sell products and services to DAOs

  • In addition:

  • Stakers get paid in DTEK in return for operating nodes

  • The DAOTEK DAO earns a percentage of the nodes’ transaction fees

  • DAOTEKco earns a percentage of the nodes’ transaction fees

GTEK Token

 

GTEK is designed to not only allow the community to participate in the management of DAOTEK DAO and the DAOTEK blockchain, but also provides the GTEK owner with income from transactions through staking in the DAOTEK node network

Staking options available to GTEK holders

  1. Staking in nodes
  2. Staking in the DAOTEK DAO

Staking in nodes

GTEK holders can stake their GTEK and in return, earn a share of transaction fees proportional to their node’s contribution.

There are two ways to stake GTEK in nodes

  1. Operating a self-managed node: one for which the entire stake is provided by an individual or organization
  2. Joining a node-staking pool: the pool is set up by an organization and sells shares to multiple individuals or organizations

Staking In the DAOTEK DAO

To participate in the Governance of the DAOTEK,

without staking in nodes, GTEK holders can stake their tokens in the DAOTEK DAO staking pool, which is limited to the number of unstaked GTEK that have been released into circulation.

Votes and the lock period

Staking GTEK provides voting power in the DAOTEK DAO, to the staker, and of course locks up the GTEK for a period.

• 2 votes per GTEK staked in nodes, with a lock period of 60 days

• 1 vote per GTEK staked in the DAOTEK DAO, with a lock period of 24 hours

Expanding Staking Opportunities Through Transaction Growth

An expanded range of useful tools will result in increased DAOTEKER participation within the DAOs, which in turn will increase stickiness and node activity through transaction processing. Increase in transaction processing is vital to the growth of the DAOTEK economy as it increases revenue for the nodes, thus providing greater earnings to the infrastructure providers, the stakers

Learn more

Multi-Signature wallets

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DAOTEK Operational Snapshot

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WHITE PAPER

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