Good morning to everyone in here in DAO Labs community! It is a nice day to be able to write something about a project that captures my heart ever since which is social mining. Let me tell you that with the massive crypto adoption nowadays, there are a lot of venture capitalists that just simply don't care about the community as long as they profit and then leave the bag holders empty. Which is not that good. Which is why the idea of the DAO labs team is here to bring back the power to the community and to those who bring value to the crypto project and not just by investing in a startup and leaving just like what the VC's or the venture capitalists are doing.
Which is why I show to you the DAO Labs project! This is the solution for the businesses that are created in the cryptoverse. For today, I will explain to you how the 2 solutions and upcoming use-cases of this projects will do to create value and long-lasting impression to its clients and community.
Note: All images and links are copyrighted by DAO Labs and owned by DAO Labs. Credits to the DAO Labs team for allowing me borrow their images.
Welcome to the world of social mining
As you can see in the image above, the DAO Labs has 2 core main products to launch wherein the 1st one is up and running and I already experienced using it so I am telling you this that I walk the talk as to why DAO Labs will be the future of freelancing and the hub for crypto people!
1. Social Mining SaaS (V1)
---> When we say social mining v1, this is where the project that wanted to deploy social mining tasks are about to create, manage and delegate the tasks to their community with easy-to-use platform thru DAO labs. It is custom-designed by the team and is fully decentralized because of the high-tech way the DAO Labs team set this up.
Let me explain to you my experience as a social miner firsthand with them. I did social mining with DAO Labs team when they are a different entity before and it was great because with the value I created to the platform, now that with this rebrand, and more powerful governance platform, we are all rest assured that the early users and adopters will no be left behind.
Steps in participating in a social mining platform for a project based on my experience: (Check this out!) This is in a summary guys!
Step 1: When a social mining of a project is about to commence, the DAO Labs will announce it in their social media channels about the project doing a social mining. Then will set the minimum amount of tokens to be "held" in your own wallet and they will scan it which is your eth address as to how many your token of the project doing the social mining is and will tell you trustlessly if your eth address or a token address has the enough amount of tokens for you to join the social mining. The wallet address you register with will be the one being checked and scanned automatically and continuously as long as the social mining is in progress. So this is where the 'strong holder' comes into play.
Step 2: The next step will be the social tasks which is called as 'social mining' tasks. Wherein you as the social miner will be the one to do the tasks given by the project depending on the need and what the clients or the project want to do with it. Remember: The complicated the task, the more rewards are potentially being sent to the best social miners.
Step 3: After a few weeks of social mining, the project that is administering the social mining will check for all of the points, influence and reputation being built over the time and the so-called workdrop will be the payout to those who did the tasks and participated for the current social mining tasks. The workdrop is composed of the computation of the budget allocated for the specific period then it has a special formula wherein points, influence and reputation are factored to give the fair share of each social miner from the allocated budget of the current project doing the social mining.
Multichain Social Mining Hub (V2)
----> This is where the true fun begins. Based on my understanding, the social mining hub V2 multi-chain is a type of social mining decentralized app wherein not only is ETH and EVM addresses are being supported but also different blockchain addresses running on a native blockchain like QTUM, WAX, Polygon and HEDERA Hashgraph which is already hinted here: https://www.daolabs.com/products
As you can see above, the social mining hub V2 will make more yield accessible to the social miners and will give a better APY returns from their social mining tasks. More on that coming soon for the community!
There are other social mining products incoming for the DAO Labs! Not just all about crypto projects! NFTs, startups and non-profits are welcome to deploy their presence to the crypto community and public goods projects!
By the way, there is also an upcoming LABOR tokens on DAO Labs' ILO or the initial Labor offering. Wherein it is up to the merit of the person who is doing the social mining gets the highest allocation of either the LABOR tokens or the allocations of different projects building under DAO Labs. Let me show you what ILO is and how does it work with calculator!
The Initial Labor Offering (ILO)
Source: DAO Labs Pitch Deck https://drive.google.com/file/d/1gIkfAyaO8DzdQJO7DoGnFOsi5gr2nN5Y/view
Let me explain you how I understood about the ILO as well. When we say meritocracy, it is wherein the good actors in the ecosystem is the one who is having the most allocation in terms of the $LABOR token.
As you can see in the screenshot above, It also shows that you will earn micro-allocations to the projects being incubated by social mining in the DAO Labs community platforms. Which means, only those who did the hardwork will be incentivized and has the power to invest in upcoming startup blockchain projects depending on your level of social mining activities.
That also means that the Venture capitalists, even they have a lot of money to venture into has no power to get allocations because they did not gave any value to the project. Since you are holding the LABOR tokens under your hands in a soft staking state, upcoming more features can be yours once they roll out what is on their upcoming roadmap for the years to come.
Check out the blog about the ILO calculator here: https://medium.com/dao-labs/ilo-calculator-is-life-3011341a9aa3
And here is the direct link to the ILO calculator: https://www.daolabs.com/calculator
The token sale metrics of LABOR tokens
The stats of social mining for those who are interested projects to be a part of their ecosystem
Here are their consulting services as well tailor-fit for you!
THE DAO LABS TEAM
So guys, here are my takeaways about how DAO Labs shaped me as a content writer and micro-influencer. They taught me how to create narrative posts and the techniques of the best marketers on the crypto industry do. What fascinates me in this industry is that with DAO Labs, you do not need highly technical skills in order to earn crypto but it will always be a plus if you do have. The Social mining SaaS soft staking enables people of different countries to unite and be have to reach one goal and that is to level up the meritocracy of each one.
With the social mining, it enables people to have freelance jobs and micro jobs that is no need of different requirements of what a typical job might be. This is the new age of jobs in the digital era.
If you are going to ask me, aside from the social mining of different crypto projects, I do believe that social mining can also be a source of allocations for different NFT projects instead of just capitalists entering in. It is what the community that is in majority that needs to be fulfilled instead of just wanting to profit in the short-term. One of the use-cases of social mining under DAO labs is that we can use it to have different politicians to have a project in a government wherein the more they do social mining about the government-private projects or PPP, the more the person has a say and has also a revenue after the project has been finished auctioning and funding. So that people can also earn from government projects. Not just thru different bonds and treasury bills.
Thank you for reading my article blog post about DAO Labs, if you need any other information about DAO labs, you can visit their different social media channels and different papers here:
DAO Labs documentation: https://docs.daolabs.com/social-mining-docs/
Medium Blog: https://medium.com/dao-labs
About the author: Francis3
in the DAO Labs app.