Tools of the DAO Ecosystem

In many cases, DAOs have to start with the vision of one individual or a small group of people, and the goal is to grow the organization until everyone is assigned to an area they find engaging. DAOs can effectively reduce geographical and time obstacles, plus solve space and time constraints. Thanks to DAO, it is possible to measure the degree of contribution of each person and reward them according to how they contribute. This improves cooperation between effective users, helping boost efficiency and large-scale coordination and decision making. Let us explore a few tools within the DAO ecosystem that aid with the cooperation and coordination of various tasks.

The image above by 1kx groups the tools under different sections such as talent management, community management, marketing, business development, product design, asset management, engineering realization, and more.

Infrastructure Tools:

Seedclub

This is a Web3 incubator mainly engaged in the education and development of social tokens. Its accelerator project is essentially a training camp to establish a tokenized community. The project offers bi-weekly training for startups by tutoring and mentoring them. In turn, the platform can obtain part of the equity of these startup projects.

Coinvise

This is a tool for creators to issue and build a social token. It is simple, fast, and has no threshold from airdrops, lockups, and task settings, such as the issuance of tokens. This means you can set the fixed supply or the number of tokens issued in the form of a bonding curve. The protocol has simplified the issuance process for tokens, NFTs, and airdrops.

Aragon

This decentralized management platform boasts its own application chain. Thus, the protocol allows third parties to create and manage their own DAOs by providing a structure with pre-programmed smart contracts and interfaces.

Asset Management Tools:

Gnosis Safe

This multi-signature tool can adapt to different wallets and support corporate and personal use. It takes only a minute to set up. The great thing about the protocol is that the total gas cost can be reduced, and multiple steps can be packaged into a single transaction, thus reducing operation time.

Parcel

This is a DAO treasury management protocol where technical support is offered by the multi-signature wallet Gnosis Safe, which aims to simplify the management of encrypted digital assets. Parcel has managed to build a frictionless, self-custodial asset management platform based on end- to-end data encryption by Gnosis Safe, IPFS, and Filecoin.

Contribution Management Tools:

SourceCred

This platform helps organizations measure each contributor's contribution and reward them based on
that. The protocol has a dual token model where Cred is used to calculate the participant's contribution and is non-transferable. At the same time, Grain holds value and can be circulated in the market

Coordinatinape

This protocol allows decentralized teams and DAOs to allocate and reward contributors' funds autonomously without top-down management or human resources, thus providing DAOs with decentralized salary management.

Governance Vote Tools:

Snapshot

This aggregate governance platform provides community proposal voting for ERC20 tokens. Users utilize this protocol for signature voting and community proposals without incurring any gas fees.

Boardroom

This is a governance management platform that is dedicated to DeFi. It enables token holders, issuers, and DeFi protocol representatives to understand the governance process they participate in. The protocol provides users with information such as agreement governance information, voter information, proposal information, agreement representative information, and proposal questions and answers for each agreement.

Service Tools:

MetaFactory

This streetwear crowdfunding platform integrates multiple elements such as virtual reality games, NFT art, and crypto-economics. It is used to create limited edition customized products, initially focusing on fashion and clothing. As a platform, this project provides creators, designers, and brands with services such as product marketing, planning and management, promotion of auctions, and stimulating community support, product production, and fulfillment while allowing its partners to focus on their own product design.

LexDAO

This non-profit organization is designed to provide cryptographic legal support for blockchain by giving equal legal protection between the decentralized world of blockchain and the real world.

Dashboard Tools:

DeepDAO

This DAO analysis platform provides comprehensive information analysis for the decentralized governance system. It has covered more than 150 DAO financial and governance data. It is currently expanding the coverage of DAO by quantifying and measuring the dynamic indicators of the governance process.

Management Decision Tools:

Orca Protocol

This lightweight community management platform empowers the on-chain community to create, shape, and work according to its values. Think of Orca as a people-oriented, bottom-up community management platform that helps users collaborate freely.

Given that the Web3 ecosystem is still in its infancy, the examples mentioned above are just a few of the tools helping individuals coordinate and cooperate better in a decentralized manner where everyone is incentivized to perform to the best of their abilities.