We are very honored to announce that SubDAO will participate in Polkadot’s first round of parachain auctions and will officially launch the parachain network Starfish. Starfish Network will carry the vision of SubDAO (click to view), and provide DAO services for Polkadot and the wider Web3.0 network.
American writer Ori Brafman once used spiders and starfish as a metaphor for centralized organizations and distributed organizations: “If you cut off a spider’s head, it dies; if you cut off a starfish’s leg it grows a new one, and that leg can grow into an entirely new starfish. Traditional top-down organizations are like spiders, and distributed organizations are like starfish, having a strong ability to survive.”
The intelligence of the spider is concentrated in the brain, while the starfish is composed of a group of symmetrical cells. This kind of starfish organization perfectly interprets what the DAO (Decentralized Autonomous Organization) is and this is the origin that the SubDAO logo “Starfish” is from. The naming of parachain will carry this conception to the end.
Centralized organizations are formed in the struggle between humans and nature, while decentralized autonomous organizations are built on the basis of trust replacement by machines. Today’s financial revolution may begin with Bitcoin, but when the DAO matures enough to replace traditional organizations, it will be a major evolution: the traditional economy will always be transformed into a more decentralized economy with everyone participating. At that time, everyone can give the world a voice to the products or services he wants. This is also the goal of SubDAO’s unremitting pursuit.
About Auction Plan
All community members who have staked DOT for the parachain auction on SubDAO will be rewarded with SubDAO’s native token GOV (Governance). The specific action plan will be announced soon, so stay tuned.
SubDAO is Polkadot’s DAO infrastructure, which allows any decentralized organization to create and manage DAOs quickly. We are committed to becoming a Web3.0 entrance by providing electronic agreement signing based on the blockchain, DAO social networking, asset management, and other tools and services.
The founding team of SubDAO is composed of the former Technical Team leader of the IBM Group and many early well-known developers from Polkadot. So far SubDAO has completed multi-million dollar financing from dozens of institutions including Huobi Ventures, OKEx Blockdream Fund, as well as investment by Massari founder Ryan Selkis.