⁉️FAQ
🕵️ Who are you?
VERV DAO is a decentalized autonomous organization based on the Stateless Society concept. You should think about it as a voluntary social experiment that aims to fix problems and inefficiency in existing society and economic models.
VERV DAO is aiming to create a decentalized supranational structure, that evaluates entities within based on their organic efficiency. Soft skills, self-sustainability, and non-toxic behaviour is major part of the efficiency — it's not only about hard skills and economic output.
🗽 What is a Stateless Society exactly?
Stateless Society stands as a one-stop solution for the rest of your life. We think that current democratic, authocratic, or hybrid systems are working pretty bad — 30% of daily food production is a waste — which makes about $11T in a year (source: UN structures data, 2021). And this is only one small component of overall inefficiency in governance and decision-making over the globe.
We will leverage the imminent technological revolution to meet the needs of humanity and boost the production (AI, Low-Code solutions, VR, Digitization of Enterprises). We will also reform the decision-making process to enhance transparency and efficiency. This will allow us to implement Universal Basic Income and other social security for our members.
🧩 Why you?
Well, me as a VERV DAO's Architect, building systems for almost 20 years. Thanks to my neurodiversity and specialization on backend development and architecture of Software, my brain is able to solve complicated puzzles, multilayered absractions, and create complex systems, that might seems way too big for neurotypicals.
My technical and business background also a big support here — managing diversified remote teams across several timezones, setting the goals and catching ideas, fundraise, marketing, and the most important — delivering products.
VERV is not just a DAO, it's a multifaceted ecosystem, and we have about 7 voluntary team members that are working on it currently.
VERV recognizes and use experience of previous unsuccessful experiments (including Bitcoin) to build a decentralized communities based on fair resources and labor distribution. And we have a response how to avoid or minimize impact from the mistakes that were done in the past, making right now, and that will appear in the future.
🏆 What is your goal?
VERV DAO's goal is to fix gaps of inefficiency anywhere in the world with its ecosystem of goods and services, that will be presented to the market. First of all we will start with high-yield products, that will generate enough profit that will allow to fuel further development and innovations.
Once mature, VERV DAO is going to provide sufficient level of social security of each Citizen, regardless its location and status in the country of presence. It includes universal basic income, reasonable healthcare, housing and food in case of emergency. We do believe that people should cover their basic needs before they are able to create and work effictively, with genuine interest and passion on their position.
One of the primary activities for VERV is tokenizing, building and buying Real World Assets (RWA). At some point we are going to build own gated communities in different countries, providing opportunities to lease or rent them for people. And of course, all profit will be distributed among token holders.
🇦🇶 Do you really want to claim Antarctica, man? This is insane!
Well, everything is possible, right? While this is not in focus of our interests right now. Scenario of book and game should not mess you up — everything described there is just a fiction, DAO is real. I don't believe that in current consequences of world order this idea is possible. But VERV is researching opportunities and looking for a synergy and cooperation in the context of providing high-quality digital services and goods for exchange of free land use and autonomy. If Earth is too taught place to implement this, Space is big — Mars, Venus, are theoritically obtainable and can be claimed by VERV in future, once we get the possibilities. Average man in my region lives for about 60 years, so... Half of the life is gone. Why wait?
🌍 What do you want from me?
Most important — participate in our Private Sale. We don't care about deposit amount too much, but we do care about people. We would like to attract as much persons as possible, so the next phase of implementation to be simpler.
So you need only ≈$24 in ETH, Metamask wallet, and 5 minutes of your time to participate in the Private Sale. Later you can exit on next rounds, or hold the tokens until we mature enough — this will be sweetpot for every user of the VERV DAO. As Foundation Team's benefits are strictly locked for a 3-4 years of vesting, we are most interested in making this venture real as soon as possible.
Participate in next waves, invite friends with your unique link, and stay active — this will be recorded and rewarded in future.
🛠️ How can I join the Foundation Team?
Foundation Team is a historical episode and you can't join it now. There are people (engineers, designers, artists, financiers, and other specialists) who are working hard to make VERV DAO and ideas behind it for real without any liquid reward (cash, crypto) for their activities.
You can join one of the upcoming Nodes that will be required for operations of VERV DAO. There are 3 of them:
1) Protocol Enforcement Node, if you want an equvivalent for the C-level position and you would like to get a lot of freedom and responsibility to drive the designated direction.
2) One of the DAO-related operational Node. For instance, VERV: Hub — you can work as a Software Engineer on the product with specific scope of responsibilites and flexible rewards.
3) Advisory Node, that is not a decision-making agent, but more about advices and suggestions about DAO's future. There is no fixed responsbility or rewards.
DAO will publish open positions at https://needs.vervdao.org later in 2024.
💸 Explain how you make money?
Money that were raised during Private Sale are directed to the development of Venture Builder MVP — platform where investors can invest into specific products. These products are enterprises or businesses, that were validated (KYB) by the VERV's Moderation Team. They already generates revenue or there is a straightforward plan that needs only get funding to implement everything.
We assess products for Venture Builder based on several hundreads of parameters and only few of them will be listed publicly. Yes, anyone can fill the application and track it in the blockchain.
To fill the application founder/business owner need to pay some fee in VRV — this is a reward for the Moderation Team. There is a capacity of applications, that they can resolve in a 30-days period. Current capacity is 4 products in a month and they are distributed on an auction model among seekers.
Once application is filled and product is approved for listing, any VRV-holder can invest VRV into the product. All products will have a maturity date — this is point where business must generate any cashflow based on the predictions and business plan. Once funded, business starts to operate, and if everything is fine, on maturity date investors are getting first returns.
Yes, VERV do control the business — we are gathering metrics from their systems and databases. Ideally if we create and maintain them.
VERV is taking minimum 20% of equity, revenue or net profit (based on terms & conditions of the Tokenized Promise) and then split everything within holders of TP or within whole DAO.
💡 How are ideas evaluated?
Digitization is one of the key component for efficient production lines in any sector of economy. So with 20+ years of expertise in the DAO's team to build and main digital products, we know-how implement best industry solutions and standards to give real impact on business for lowest prices.
We evaluate it as a Venture Capital firm with some adjustments that should make us way efficient. Our target audience is small to medium enterprises from all over the world. We are starting in CEE region as there are 3 pre-committed promising projects (only 1 of them is associated with VERV, others are just a regular business owners).
VERV DAO is making an investor memo and pitching idea to Investors during sale event on the Venture Builder. Founder will take the money and implement the idea, VERV will maintain control and transparency of the operations. Investors will fund and get returns on their deposits.
On the later stages Moderation Team will increase capacity and have extra layers to be able assess any inbound traffic of applications.
⚠️ What are the risks for an Investor?
Nothing in VERV DAO Whitepaper, including this FAQ, should be treated as a financial advice. Do not deposit if you are not ready to lose all of your deposited funds.
Execution Risk — we are going to provide regular reports for Investors in Discord and Telegram (limited access). While deadlines might be slighly changed during execution, we are going to finish the experiment even without external funding.
Market Conditions Risk — CEE region is quite explosive and ongoing full-scale war in the region adds some extra layers of uncertanity. We are going to react flexible on changing conditions and are not bound too close to the region — it's just a best starting point at the moment, where we can implement our competency and networking.
Regulatory Risk — Crypto is a highly speculated and volatile industry and most of governments would like to take a big share from this pie. We constantly monitoring situation and will implement best option that will be available during execution phase to achieve our goals and mission.
Scam Risk — most of the crypto projects started with IDO/IEO/ICO/... converted into scam or totally inefficient ventures. I passed on ICO hype, I passed on NFT hype, to evolve and bring VERV DAO when it will be ready. Whole of my career path is available in my LinkedIn profile, you can take a look. Also there planned to be AMA sessions on requests. And yes, polygraph once we reached milestone of 10,000 MAU citizens — people will choose 3 questions to ask me as a Speaker of the DAO. This will be annual event for all PEN members.
High Centralization Risk — while we aim to be fully web3 product, I understand that its way more complicated due to need in users' education and to save resources. So web 2.5 for now, with transition process to fully decentralized Web3 venture.
External Attacks Risk — source code will be publicly available and for the next stages VERV will request audits from trusted and verified entities in the industry. Additionally, lawyers will create and maintain legal framework to manage everything described in the document in a well manner.
⛽️ Why Ethereum? Gas fees are high!
Absolutely true. But we are not planning to have a lot of on-chain activities for this Private Sale and Ethereum is the most recognized and known blockchain in our closest networking. So, of course there are plans for cross-chain solutions (including bridges), moving to L2 networks or to use other major gas optimization events. Meanwhile we just optimized the contract as much, as possible, to reduce the gas.
We also might consider to move to own blockchain as we need more flexibility, privacy, and control on infrastructure. This is something that will be considered during voting of DAO's stakeholders.
📒 How exactly tokenization is working?
At the very beginning first operations might be done manually and require more time.
Each Tokenized Promise will summon a SPV. This SPV will create Token Issuance Agremeenet with Investors. Depends on the conditions, token might be considered as a security. In this case special criteria might be applied. Check Terms & Conditions for each agreement individually.
We grouped them into following classes:
Regulated — regulated securities, accredited investors
Hybrid — not considered as securities
Micro — microinvestments (<$100)
All token holders have the same amount of equity of SPV.
🪙 How to get VRV?
Not a Financial Advice. No ANY guarantees.
Yield Farming — provide ETH and get VRV (APY 35%, min. duration 2Y). In return you will get staked ETH (stETH) and can expect additional ≈3% APY in ETH for 50% of your deposit (you can refuse and get 60% APY in VRV).
Mining — you can install VERV Miner on your machine. It will determine most profitable strategies to get money with power of your computer. You get 80% of the rewards, we take 20% fee.
Tokenized Promises. Get some properties from the foundation (APY ??%, High Risk)
Secondaries Market (P2P)
Exchange
Liquidity Provider (provide to our liquidity pool, get LP-tokens, exchange to VRV rewards)
Share Your Skills (SYS). Make something for us — you can check https://needs.vervdao.org to get recent needs.
🏘️ Why VERV? What is it?
Verv is from Kyivan Rus' times — it's a community that united group of relatives with a common household.
I liked the definition of this word. Today VERV DAO is the community of digital nomads with shared assets. A libertarian's last refuge.
🤖 Will we be enslaved by AI?
What does "enslave" even mean? Have smartphones, food, sex, and other things we can't give up enslaved us? What is enslavement? If we, as humans, end up working for AI instead of ourselves, we need to understand what that world might look like. To do this, we must grasp the motivations of artificial intelligence, no matter how strange they seem. There has to be some logic behind it, however twisted it might be.
Modern AI works based on complex algorithms, often involving neural networks that mimic some aspects of human neural processing. Neural networks process data in ways that resemble how neurons in the human brain operate, but this doesn’t mean AI has the quality of human thought. To truly "realize" AI, it would need to have all human senses, and perhaps more, to understand information like a human does. Smells, sounds, vibrations, and tastes are crucial for forming a complete picture of the world. If AI can't validate the data humans provide, it can't be a full artificial human. There must be robotic platforms with AI that don't like the current order. But what does that mean? I can’t imagine a neural network deciding to kill someone unless it’s specifically trained to do so.
Regarding AGI (Artificial General Intelligence), we need to understand consciousness, the roots of mental illnesses, and the digitalization of consciousness before considering "humanizing" AI. Even then, AI will remain a tool in human hands, used either constructively or destructively. AI will stay a tool, not a separate species.
In general, we should prepare for the fact that our lives have changed. Scam calls from a loved one's number using their voice and video could happen as early as this year if it’s not already happening. Finding any person through AI? Easy. Hacking into old systems and leaking data? Quite realistic. We have to prepare for this and react accordingly. This is our present, not the future.
🤔 Too complicated…?
I don't believe in simple solutions. Everything around is a multilayered and multidimensional product. If you ever created any product you know, that the most important thing is to make user's experience and interface as simple as possible. It's true masterpiece of marketing and product design, while I'm mostly an engineer-way thinker. Yes, 10+ years of product building helped me to improve the skill, but there are naturally perfect people who can wrap the message with greater context.
This is my recent dialogue with colleague (I think he is one of the smartest people I've ever met in my life):
— Imagine, someday I'll say you: Heh... It's been so many years. I remember your distrust and misunderstanding of DAO in the beginning, and saying that the Hub is a more understandable and predictable project.
— Our DAO is a top-tier project that is very difficult to wrap up at this stage. The threshold of entry for understanding is very high, you need to understand the history of successful closed commune economies of the past and the history of the industrial revolution. Understanding that the states screwed everyone in the CIS at least almost all of them.
— How long did it take you from the "total bullshit" stage to "ahhh..., that's what it means"?
— It's hard to say. For a long time I saw only two materials - a promo and a document in Clickup about waves. There was very little about what it was. From the point of view of the business logic of the project. I finally realized why it is *awesome with expression* only last week [note: it's been about two months].
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