ARK - a Different DAO is coming! (Built on Ethereum)
WHAT IS ARK?
ARK is an open database (DAPP) where people can list newly created cryptocoins, and where the community can easy find them in real time. (manually, or via smart contract)
A simple trustless list of new coins. ARK is an open database built on Ethereum.
If you are looking for newly created coins, ARK does the job!
ARK is also the first Collaborative Market.
The Proof Of Concept for any future Collaborative Market.
IS THIS LIKE A NAME-SYSTEM FOR COINS?
No. We wanted to apply the concept of collaborative markets to something simple. A name system was one of the ideas, but there are already too many coins around and trolls would buy pre-existing names and make a mess. It is an open database, more a list able to keep detailed informations you can refer to. Like how many coins, if you can mine them, where is the website etc. etc.
WHAT IS A COLLABORATIVE MARKET?
Whereas a large corporation may give power to a single entity, a collaborative market is a group of microeconomical actors joining together to offer a service to the public, all ruled by a trustless smart contract.
IS ARK A DAO?
ARK belongs to the family of DAO, but differs in that it is specific; it is built to fulfill your local law. We call it a Collaborative Market. It is an environment producing value (offering services) that is then shared by the owners of the service.
IS ARK A FINANCIAL PRODUCT?
No. If you buy shares from Apple or Microsoft
you buy a percentage of income, a dividend, and you have no idea what they
really do with your money. A collaborative market is a FINANCIAL PRODUCT
EMULATOR. You are the main subject offering the service, and you offer it
according to the smart contract ARK, keeping in balance the earnings of all
HOW DOES IT WORK?
In order to list a new coin on ARK DB, you must pay an ANTISPAM fee. (1 fair ETH)
WHO GETS ALL THIS MONEY?
The community: ARK BOTs (shop) owners.
HOW DOES IT HAPPEN?When you buy a BOT (shop) you enable it, and as soon as a customer comes, you serve him and you get the money.
Now it is NEXT BOT's turn, and when a new customer comes the NEXT BOT will serve the customer and get the money.
A TRUSTLESS MULTIPLEXER POINTER steps in, redirecting the customers to the CURRENT SELLER, BOT by BOT, so that at the end of the cycle, all existing BOTs served a customer, and the cycle restarts from BOT 1. Endlessly.
In the long term, all the BOT owners will earn the same amount of money, emulating a financial product.
WHY NOT DIRECTLY A FINANCIAL PRODUCT?
The strict rules and bureaucracy of directly creating (and buying) a financial product can hinder the process. COLLABORATIVE MARKETS ruled by a TRUSTLESS MULTIPLEXER are an ALTERNATIVE MODEL that can be applied to smaller projects, allowing the little developer to meet the power of the crowd with low commitment to bureaucratic processes. If you have the right to sell a product on eBay, so you have the right to operate ARK market, and offer the related services, according to your local law.
ARE THERE ANY OTHER WAYS TO MAKE MONEY WITH ARK?
ARK contains 6 different services:
LIST NEW COIN
ADD HOME ADVERTISING
WHO DECIDES THE COSTS OF THE SERVICES?
The community members. Those who own the BOTs and share the income offering ARK services to the public. The prices can be adjusted to the market value via an experimental democratic voting interface.
HOW MANY BOTS ARE INSIDE ARK?
The total amount will be decided at the moment of launch. After the initial sale, the number of BOTS cannot be changed.
CAN I TRADE MY BOTS?
Technically, yes. But ARK starts with a very high fee (RESELL BOT). ARK is meant for long term investors. If in the future the community decides (via inner voting system) to lower the cost of RESELL-BOT service, they will be easily tradable.
IF THERE IS A CYCLE SO THE FIRST BOT HAVE AN ADVANTAGE?
If you are a short term investor, then you will be interested in buying some of the first BOTS of the cycle. If you are a medium/long term investor then you don't mind. In fact, a bot will cost around 1 ETH, and listing a coin will cost around 1 ETH, so if you buy the first BOT of the list and a first customer comes you already got back your money.
WHY ARK IS A SPECIAL EXPERIMENT?
Because it is a basic test on the capabilities of Ethereum, where we can really have an idea of the gas costs of a complete billing system.
OK BUT...WHY ARK?
The community needs a Coin DB. A clean list of coins, not some messy forums. The age of proprietary databases is over. We have now an open one, fully interconnectable. Managed by the community, forever. Any one can connect his own application. If you build an application with proprietary database, no one will use it. IF you connect to a central resources system so it is completely different. I pay you but those informations will be accessible forever, whatever is going to happen. Your company may fail, your application may vanish, but the links are all there, in the central database. This is the end of the dissipative world we are used to.
HOW CAN THE COMMUNITY BE PROTECTED BY SPAM?
ARK contains a simple and experimental democratic BLACKFLAG managment system. Plus, in extreme, a brutal censorship function managed by the operators (BOTs owners).
SO DO I BUY A "FUTURE PROJECT"?
No, as soon as you buy, the game starts. This is not an [ICO], you buy a ready instance of a web-service. [SSS] stands for Start Software Sale. It is a completely new model. Get used to it, tons of collaborative markets to come... any web service can be transformed into a collaborative market, granting accessibility to informations, and wide spread of resources.
WHY NOT AN ICO?
We don't build coins. We build Markets. We don't look for money for future projects: we build the technology => we sell it. You know in advance what you invest for. Period.
CAN I MINE A BOT?
Of course! Ethereum miners are rewarded. If you find a block and a transaction happens inside ARK, so your wallet gets a CLAIMABLE BOT. Claimable BOT's are property of ARK operators, they are given for free, you pay only the administrative fee (around 0.1 ETH instead of full price 1ETH). Money are earnt by the CURRENT SELLER, depending on the step of the TRUSTLESS MULTIPLEXER. There will be only a limited amount of Claimable BOTs. (10% of total BOTs) If you don't claim a bot the next miner will claim it in your place. You can still claim yours later, assuming there are still any available.
WHAT ARE THE REAL FEATURES?
Modifying existing Coins
Search by tag
Blackflagging system with approvation by members
Blackflag based filter system
Voting system for extreme censorship
Voting system for services prices
Collaborative market cycling 6 different services
BOT buy/sell system
Complete billing system with:
Search bill by BOT
search bill by buyer wallet
Search bill by seller wallet
Search company by wallet
Mantain old companies informations for bills registered before the company changed name
Mining Bounty system
Advertising system (under coins)
Home advertising system (in home page with different costs and different multiplexer cycle)
Stats for everything
Basically extensible in its semantics (the future may be seriously different!)
Muting system for emergency (works only during startsale!)
Very Simple (neanderthal style) document system
Search low cost BOTS (client side! it would be too expensive for a smart contract)
ARE THERE ANY OTHER COLLABORATIVE MARKET?
We have a dream. We are working for it, stay tuned.
LAUNCH PAGE: http://ark.monkeyscage.org
TRACK BOUNTY HERE : https://docs.google.com/spreadsheets/d/19J0B9WlaIN...
Please help us spread the word!
EDIT: FOR THE LAZY READER!
We built an open database for coins on ethereum
We transformed it into a new kind of DAO so the community can own it
This is not an [ICO] this is a [SSS] please read better the text if you want to know more
ARK smart contract will work EXACTLY LIKE AN ESCROW SERVICE during the start sale, no tricks:
wait for the launch, check the smart contract, and see for yourself!
A copy of ARK will be temporary available on ethereum TestNet starting 24h BEFORE
the launch on MainNet. All Bounty hunters will have access to test-ARK in order to audit the contract and start playing with it.
After 24h we will launch and they (and the possible incoming buyers)
will become the owners (and operators) of the MainNet ARK Platform.
Don't buy MORE than 50 BOTs.
The success of a Collaborative Market comes from the big number of owners.
If you are a whale so you prefer to buy few BOTs in 10000 different collaborative markets
rather than buying 10000 BOTs in the same one.
IF you buy all ARK at once (some people has the money to do it) you will be the only operator.
1000 operators talking about their service are better than 1 operator talking. Union makes force.
This is the meaning of Collaborative Markets.
Please buy a moderate number of BOTs!