SuperDAO is a decentralized autonomous organization (DAO) management platform that emphasizes an efficient, scalable environment to govern DAOs. Find out how SuperDAO works today in our review.
What Is SuperDAO?
SuperDAO is a DAO formerly known as PokereumDAO. Today, we typically associate DAOs with the Ethereum blockchain. However, SuperDAO was founded before Ethereum was even launched. The idea for SuperDAO launched back in 2013 as a way to manage a decentralized poker game called Pokereum (formerly called NxtPoker).
After the emergence and popularization of the Ethereum platform, PokereumDAO renamed to SuperDAO and focused on developing on Ethereum.
After years of development, the developers claim to have a “malleable but useful iteration for efficiently managing single or multiple decentralized applications” in stages. SuperDAO is a DAO that offers the advantages of a traditional startup with the benefits of crowd swarming dynamics and intelligence.
How Does SuperDAO Work?
SuperDAO is a decentralized autonomous organization based around a token called Superneum.
The governance system, understandably, is the core of the platform. That governance system is designed as an efficient, multi-tiered, hybrid system.
Here’s how the makers of SuperDAO explain the system:
“An internal core team of the most aligned interest to further the DAO and its products making every day decisions based on reputational voting.”
If you can make sense of that, then good for you. Because I certainly can’t.
In any case, the Superneum token lies at the center of this system. That token steers the organization according to the goals and mission established at inception. Both layers work hand in hand, using a system of checks and balances, to keep the organization focused on its mission.
This hybrid approach addresses a crucial problem with DAOs: it addresses the problem of trying to leverage the best aspects of a DAO To efficiently build and manage products that traditional startups to dwell – problems that typical DAOs are not equipped to deal with due to the inherent disadvantages of crowd dynamics (caused by voting apathy or the diffusion of responsibility that comes from being part of a large group, for example).
Basically, SuperDAO promises to be a more efficient decision-making and governance structure for DAOs.
SuperDAO’s Governance And The Onion Model
SuperDAO’s governance system embodies an idea it calls the “onion model”, which is a multi-layered system involving checks and balances between different groups of users.
Layers of users are separated based on their merit or status as core team workers. Other users are separated based on their Superneum tokens. There are three layers in total, including a constitutionalDNA layer, a Merits layer, and a Superneums tokens layer.
There’s something called constitutionalDNA that’s set at the inception of the organization. That feature allows for the creation of the vision and contractual values of a DAO.
The layers and definitions of the DAO can be referenced within the DAO during an organizational proceeding to enforce rules and deter harmful behavior. SuperDAO claims that a multi-heuristic voting process typically follows to finalize such proceedings.
A little higher above the constitutionalDNA feature is a feature called Merits. This layer is a committee of all active working participants who are earning merits in exchange for impact-based contributions. Through this layer, the DAO can achieve fast and efficient decision making. These contributions can be “structured contributions” (according to the predefined team member limits and timely compensation), or it could be “arbitrary” (i.e. with bounty hunters) working on pre-approved tasks of high impact to the SuperDAO’s short-term and long-term goals.
Superneums (SUP) Layer
Finally, there’s the last layer, the Superneums (SUP) layer, which is a slow-moving consensus layer that has absolute power over any decision – as long as its proposals are not anti-missionary to SuperDAO. This layer uses a dynamic quorum incentivized by value emitted in the DAO.
SuperDAO’s external audits were completed in January 2017 by Zeppelin Smart Contracts Solution, a security firm. The firm audited the smart contract components of the company, which represent the initial DAO state of SuperDAO. They’re the foundation for the governing bylaws.
Who’s Behind SuperDAO?
SuperDAO was founded by Oladaop Ajayi, who stumbled onto bitcoin in 2010 and has grown into a cryptocurrency researcher and technologist. Ajayi is a former US military veteran with a background in computer science and software engineering.
Other key members of the team include Co-Founder Patrick Mazotta, a twenty year veteran of the BI and data warehousing industry with a passion for data-driven game theory and mathematical modeling. There’s also Co-Founder Jermaine Encarnacion, a digital media entrepreneur, blockchain enthusiast, social media marketing specialist, and chief organizer at SuperDAO.
There are – no exaggeration – 18 additional co-founders listed on SuperDAO’s “Core Team” page.
SuperDAO, which has been in development since 2013, plans to be a more efficient decision-making and governance structure for decentralized autonomous organizations (DAOs). The platform uses a hybrid governance system where interested users make core decisions while tokens help steer the goals of the platform.
The project is certainly unique. SuperDAO.io greets you with loud auto-play music when you visit the website, and the project’s unusual marketing and documentation has received some attention. Nevertheless, the internet generally agrees there’s a good product at the center of SuperDAO – although their marketing could use a little work.
You can learn more about SuperDAO by visiting the platform online today at SuperDAO.io.