jakiro
Author: REVC, Bitchain Vision
Foreword
AI16Z, which is nearly $ 100 million in the market value of the peak, was hit on the MEME label because it brought hundreds of times the return of early investors. However, we can further explore its inspiration of collective asset management activities on the chain.
The asset value assessment system is usually divided into two ways: one is a discount based on asset cash flow. The discount rate is based on the risk characteristics of asset or cash flow, which is mainly used for business subjects; andMemeThe value assessment of assets focuses on the efficiency and influence consensus of network communication, and its sustainability is often placed in the secondary position.This different evaluation method has greatly affectedWeb3Project positioning and design.
Taking Friendtech as an example, in fact, when I heard Friendtech for the first time, I was thinking about a question, why can’t the same batch of Key Holder be an investment collective, so at least visualized investment cash flow to support the value of the group’s equity token token token tokenHowever, choose the transaction hype of the conversation opportunity.It may be that the Bonding Curve designed around Key is more suitable for hype. In the end, it cannot avoid the liquidity of stepping away.mostWeb3The economic model of the project design, likes humanity to match the steep supply and demand, triggerFomoThe emotions, the later parties are in a weak position, which is not conducive to attracting a wider range of audiences, but matureDefiThe agreement is excluded, although early liquidity inspires more.
Back to AI16Z, it is the project with the largest market value on DAOS.Fun, the SOALNA hedge fund agreement. DaOS.FUN aims to reduce the threshold of hedge funds and realize the democratization of hedge funds.
DAOS.funWorking principle
DAOS.Fun is an investment DAO, which mainly involves fundraising, transactions, fund expiration liquidation, and fund period.
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Fundraising:DAO founders have a week to raise the required SOL amount.DAO tokens are issued fairly, and all participants can purchase tokens at the same price.
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trade:After the fundraising is over, the creator will invest in the SOLANA tokens they choose to choose, and transaction on the virtual automatic market business (AMM).This makes the price of DAO token fluctuate according to the fund’s transaction activities.Although the price of DAO token is not limited, its downlink risk is limited to the market value of fundraising.As long as the market value of the DAO token exceeds the original fundraising amount, investors can sell their own DAO tokens at any time.
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Fund expiration liquidation:When the fund expires, the DAO wallet will be frozen, and the SOL in the profit will be returned to the token holder.Investors can choose to destroy their DAO tokens to redeem DAO’s basic assets or sell DAO tokens directly.
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Fund duration:The fund period is set by DAO founders.For example, AI16Z’s fund period is 1 year, which will be liquidated on October 25, 2025; Kotopia’s liquidation date is October 27, 2025; DCG (DEGEN CAPITAL Guild) will be liquidated on April 25, 2025;
The founder of the fund is currently reviewed by the official, and the investment capacity is basically evaluated by a qualitative manner, and it cannot guarantee that it is not driven by other interests. Especially when the market is constantly changing, the poor information of the founder and investors may lead to investors.loss,Daos.funWhether the creator will be required to hold at least a certain percentage of fund assets, but it still cannot dispel the concerns of its operating capabilities, so it is necessary to introduce a pre -investment voting system.along withDaos.funLet go of the invitation system, there will be more optimized space.
Can Democratic Hedie Fund changing the current situation of the industry of VC coins?
First of all, the cause of the phenomenon of VC coins may be the pain of the early barbaric development of Web3. The VC immersive card war is aware of the “Android and iOS” base, which will be based on decentralized operating systems in the Web3 field., Financial infrastructure and the third -generation Internet (search, data communication, social network),CompareWeb2Mature securities issuance system,VCexistWeb3The domain is almost unrestrained, combinedCEXThe competitive growth model is extremely desperate for the new assets, leading to the flood of air coins in the entire industry.
While the VC expands crazy, it will inevitably have a negative impact on the industry. Because web2 has a mature regulatory system, the VC has a very professional process evaluation project potential, growth curve and exit link during the investment process, but butexistWeb3The industry has not developed self -discipline until it has evolved into a more positive balanced power and promoted the healthy development of the industry.
How to understand the destruction of VC for innovation, although web2 is also an aggressive way of operation, fund managers must be responsible for investors, but VC (and CEX) are harmful to the development of the industry in Web3.Suppose an early biological community was born in the deep biological community that was born deep in the rain forest in Amazon.Other parties in the ecosystem also give up positive feedback. In the process of continuously growing, the kernel is condensed and the vitality of the organization is refined with environmental interaction.Note that this vitality is crucial for the long -term development of the project.
IfVCWhat kind of scene will it be the savage infiltration? They will open the steel binding cement and modern construction project into the Amazon virgin forest, seize the head species of the miniature ecosystem, and change their objective development laws.In most cases, in most cases, this new species will lose its ability to perceive products and markets, and develop in the direction of “giant baby and air”.Cycling, replacement of monopoly, inhibit the possibility of Amazon Rainforest competition and evolution, is the price that the entire industry and society will bear.
The current first -level market is sluggish, difficulty in financing, and ecological deterioration and anti -baying VC itself.For VC, monopoly fantasies need to be put down, projects that focus on decentralization and business potential, and avoid becoming promoters of the “giant baby” project.However, the VC itself is also facing the pressure of capital return, and the contradiction between operation and capital return needs to be balanced.
Since 2021, the entire encrypted industry has faced the pressure of deformity supervision. The United States’ judicial lawsuit on encryption has been launched with unprecedented density. COINBASE and other crypto companies are fighting the front line.It is difficult to find out who is the original sin of the industry, especially in the context of the interest rate hike, the industry lacks liquidity, and the sound of Fud is round after another. What we can do is to establishSelf -discipline organizations with decentralized consciousness, and the development of encrypted heads, avoiding the industry with traffic and user advantages.
However, as a commercial organization, it means capital flow and users mean extremely high costs.The balance of commercialization and public interest is a long -term topic facing large -scale crypto companies.
The promotion of the asset management on the chain
The concept of asset management or investment in DAO is proposed by the project as early as 2021, and it has continued to evolve to land. Abstract is a bit abstract. The Holder of the Meme community is also an investment of DAO. The asset management on the chain can promote the healthy development of the industry from two aspects.
1. Active management funds, focusing on projects with real decentralization and clear business models, and narrowing the gap between communities and professional investment institutions. It may be a way to solve the flood of VC coins and promote the “good currency” to become the mainstream of the market.Give full play to the more transparent and open operation method of DAOSFUN.
2,As short funds, short goals can beVCOccupy to the tokens exceeded20%Pseudo -pseudoWeb3Project, one of which is singleVCThe proportion of entity exceeds3%, Specific visible project attributes, that is, if a project is attractedVCFund exceeds its development and promotion needs, soWeb3The industry must review its decentralized attributes.BeforeGamestopThe time to force the war, like the Wall Street movement, seems to have a trace of irrational enthusiasm, but for retail investors, the movement itself has some amendments. If there is a problem in the industry, you must face him.Methods, everyone has the right to take action on unhealthy development of the industry, but does not want to rise to a category of ideology.
The answer that affects the competition of the industry will affect the industry. However, in contrast, web2 has now developed to the current monopoly phenomenon, and the industry also needs the micro operation at the surgical knife level of “fragrant capital or muddy water company”.
summary
The small finger in the “Game of Rights” said- “Chaos is a Ladder”, while freedom is the ladder, often accompanied by chaos and monopoly.Suitable for the web3 industry, although it is constantly imposing influence.
Back to the Daosfun itself, it should not be sent to the influence of the self -discipline of the democratic fund to bring to the industry in the short term, but the free development opportunities brought by Web3 require each of us to maintain.
