From Cointelegraph:
A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.
DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specified period.
From the NETA Blackpaper:
NETA is money on the Juno Network. It‘s sole purpose is to function as a scarce decentralized store of value asset for the Juno ecosystem and inter-chain Cosmos at large.
Claimable for free by thousands of Juno delegates at inception. Never a seed sale, private sale or public sale. Verifiable zero NETA is held in reserve by any third party ie. developers, teams, founders or companies. The Juno community owns all NETA in existence.
NETA DAO is a combination of these definitions: a collective of Juno supporters organizing to accelerate the development and adoption of Juno Network and the Cosmos ecosystem at large. Additional details and context surrounding the establishment of the DAO’s purpose can be found on the Commonwealth in early meeting notes and in a focused statement released May 25, 2022.
Yes and no. Due to NETA’s distribution structure, there can be multiple DAOs forming around NETA. However, this DAO was formed and built by active members of the Community Discord over a period of several months. For the sake of linguistic clarity and due to being the first movers, our efforts will be referred to as “NETA DAO” on this site and throughout our social media pages.
NETA (token) was created and distributed by Core-1, the Core Development Team of Juno Network. After NETA’s genesis claim window closed on March 1, 2022, all NETA operations are in the hands of the community - NETA holders. Core-1 is not involved with NETA beyond its initial creation and distribution.
Many individuals have contributed to the development of NETA DAO both directly and indirectly. Several active individuals have collaborated on a formal statement of the DAO’s purpose, but this should not be taken as an exhaustive list of contributors.
The following pages are associated with NETA DAO:
@NetaMoney, neta.money, and the NETA Community Discord were created by Core-1 - we do not have control over these. Neither the Twitter page nor the website are likely to continue to be updated.
The /r/NetaMoney subreddit was created by an active member of the NETA community and is not explicitly associated with any one party.
We understand, such is the nature of decentralized technology. Per Core-1:
Neta the underlying asset is not a project. The community runs all operations. Community fully owns all Neta and makes all decisions in regards to potential future DAO aspirations.
In short:
NETA can currently be obtained on JunoSwap and Osmosis. It is not available on any centralized exchange.
Bitcoin may act as a store of value for some, but due to its prominence and presence in all ecosystems, it is subject to many macro and microeconomic factors. As a Juno token in the Cosmos ecosystem, NETA is much more localized and can potentially be resistant to these events. As one example, there may be situation where Bitcoin suffers a considerable drop in price but NETA does not because of its insulation from broader market conditions.
$JUP (Jupiter) was a draft of a potential secondary coin from the initial Community Accelerator Commonwealth post. This was not a set-in-stone proposal but instead a starting point for discussion on governance tokens. It is not likely to happen unless future tokenomics determine that NETA DAO operations require another token and it cannot survive without it. In short, don’t count on it.
Several individuals are involved with DAODAO and are developing and testing a single DAO app (SDA) similar to RAW DAO. Keep an eye on the Twitter and Discord channels for updates and a formal announcement.
A store of value on Juno for the network’s ecosystem as well as the greater Cosmos ecosystem.
Thank you for asking! Here are some ways you can contribute to NETA DAO:
If you disagree with the mission statement or progression of NETA DAO, that’s OK too - start your own DAO! The great thing about NETA is that it’s entirely community-owned. All creative efforts are welcome in securing NETA as a store of value whether they’re with this DAO or another. Let’s build!