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I think I'm very close to beginning to understand this whole thing haha thanks for the post Oddly enough I've already been wanting to set something like this u
by corobo 5y ago
I think I'm very close to beginning to understand this whole thing haha thanks for the post
Oddly enough I've already been wanting to set something like this up -- my equivalent is running a regular business but with a pretty intense profit share scheme
Honestly it sounds perfect except these gas fees. Can someone clarify am I right in thinking it's prohibitively expensive to create any of these tokens/shares/votes/whatever because of fees? Assuming you're broke as hell and missed the original crypto train
- addandsubtract 5y agoIf you set it up on Ethereum, then yes, it probably will be too expensive in your case. However, there are several other chains where you could set up a DAO with close to zero gas fees. For example Polygon or Fantom, among others. The major hurdle atm is "bridging" assets onto these newer chains. Most exchanges currently only support the big players, but as these grow and mature, adoption and UX/DX should improve as well.
- corobo 5y agoFeels a bit too Wild West (and expensive as fuck) for me right now, I'll just use a database and later regular old shares I think haha Maybe I'll pop back when it's web3.1