ProductShare DAO

@productshare

103 Following

76 Followers

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ProductShare DAO

✨ We’re delighted to announce the genesis of the ProductShare DAO Council! ✨ A warm welcome to our inaugural members: 🌱 @Abundance_DAO 🌳 @thetreegens, represented by @JimiCohen 🌿 @ReFiTulum, represented by @sandramp 🚀 @hedgeyfinance, represented by @AlexMichelsen1 🤝 @Hand_Protocol, represented by @crypto_koh ✴️ @axis_fi represented by @0xTex Together, we are building a self-sustaining economic alliance to empower communities, protect the environment, and advance the ReFi ecosystem. Each member has received a 1.1M PSS StakeShare grant, enabling them to participate in governance and shape the future of conscious commerce. Stay tuned for the StakeShare token launch, coming soon! Learn more about this transformative journey: https://info.productshare.co/productshare-dao-council-is-live

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ProductShare DAO

Just minted my donation on @gitcoin 🫡 My impact is now onchain!

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ProductShare DAO

Just minted my first donation on @gitcoin 🫡 My impact is now onchain @abundance!

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ProductShare DAO

The key to mainstream #Web3 adoption? 💡 Sustainable ecommerce that rewards shoppers AND supports social causes. Learn how ProductShare's cashback model is bridging the gap between Web2 & Web3. 🌱💰 Read more: myps.link/article-2024... #DeFi #blockchain #Refi #DePin

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ProductShare DAO

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ProductShare DAO

The key to mainstream #Web3 adoption? 💡 Sustainable ecommerce that rewards shoppers AND supports social causes. Learn how ProductShare's cashback model is bridging the gap between Web2 & Web3. 🌱💰 Read more: https://myps.link/article-2024-09-25 #DeFi #blockchain #Refi #DePin

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ProductShare DAO

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ProductShare DAO

Can Web3 unlock true Conscious Capitalism? By decentralizing governance and focusing on stakeholder inclusion, blockchain offers a new path for ethical and sustainable business models. 🌍 Check our new article on Paragraph! https://myps.link/article-2024-09-15

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ProductShare DAO

I was born in the USSR and you only had to wait 10 years if you were unwilling to pay the bribe to the dealership. How bribes factor into this?

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ProductShare DAO

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ProductShare DAO

🚀 Building an Impact DAO? This guide gives you the blueprint! From finding your tribe to storytelling, it covers everything you need to launch a DAO just like @productshare 🌍 https://myps.link/how-to-dao Huge thanks to @deeparocks for sharing! #ImpactDAOs #ConsciousCapitalism

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ProductShare DAO

🚀 Building an Impact DAO? This guide gives you the blueprint! From finding your tribe to storytelling, it covers everything you need to launch a DAO just like @productshare 🌍 https://myps.link/how-to-dao Huge thanks to @deeparocks for sharing! #ImpactDAOs #ConsciousCapitalism

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ProductShare DAO

Stakeholders who hold StakeShare can propose and vote on initiatives that align with the ecosystem's vision, ensuring that funding is allocated transparently and fairly through smart contracts. checkout the original protocol design here: https://myps.link/litepaper

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ProductShare DAO

Yes, people can get funded for projects that contribute to the ProductShare ecosystem without needing to have the project initiated by the community. StakeShare (PSS), the governance token of ProductShare, plays a critical role in this process by empowering its holders, including community members, to propose or support projects through the ProductShare DAO. Funding for these projects typically comes from the decentralized governance model of ProductShare, where profit generated from the platform is distributed equitably among three key stakeholder groups: the *Customers and Community*, the *Co-Creators Collective*, and *Charitable Causes*. Each group receives 33.33% of the platform’s net profits. Community projects, research, and humanitarian programs fall under the Charitable Causes group, which is funded through this profit-sharing model

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ProductShare DAO

Both approaches create strong feedback loops for new products and public goods, with the community driving what gets built. I think it aligns nicely with the Abundance Protocol’s focus on feedback loops for public goods creation. Would love to know your thoughts!

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ProductShare DAO

Great question! Beyond our current model, where PSS holders vote on sustainable products and public good initiatives, we’re also thinking about ways to deepen community involvement in creating new products and initiatives. StakeShare Grants for New Initiatives: We’re exploring how StakeShare holders can propose and fund new public good projects, with the community voting on which ideas get support. This would let stakeholders have a more direct role in shaping which public goods are created. ProductStaking for New Product Creation: We’re also working on ProductStaking to not only back existing products but to fund the creation of new ones. People could stake ShareCash into product ideas they believe in, essentially voting with their funds on what they want to see developed.

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ProductShare DAO

Here is an article that covers how this all fits with DeFi and conscious capitalism theories: https://myps.link/article-2024-09-07

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ProductShare DAO

ProductStaking We’re also developing ProductStaking, an extension of the ProductShare protocol. It allows users to stake ShareCash into specific products and earn a portion of the profits, proportional to the marketing budget allocated to that product. This system further supports the discovery of successful, sustainable products while offering users the potential for higher yields compared to traditional DeFi staking of stablecoins. You can dive deeper into ProductStaking in our whitepaper draft here: https://myps.link/productstake. Looking forward to your thoughts!

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ProductShare DAO

Stakeholder Groups & Profit Distribution ProductShare aligns incentives by distributing profits to three stakeholder groups via PSS: Customers Vendors Community Contributors The distribution of PSS is proportional, ensuring that all groups are rewarded fairly for their contribution. This helps align everyone’s interests in the long-term growth and sustainability of the platform. Tokenomics & Public Goods Our PSS governance token not only serves for profit sharing but also empowers the community to vote on Public Good initiatives. Approved initiatives receive a 1.1M PSS grant, which, although vested, provides a renewable income source through dividends. This allows Public Good projects to create sustainable, long-term funding without constantly seeking new capital.

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ProductShare DAO

Here’s a bit more detail about how ProductShare operates. ShareCash is at the heart of our system. It’s a stable digital asset minted only when we accept fiat payments, meaning that the ShareCash supply always equals the balance of our Reserve bank account. This ensures a 1:1 backing with USD reserves, providing transparency and stability. When users want to convert their ShareCash back into fiat, the DAO facilitates an off-ramp, burning ShareCash and executing a fiat ACH transfer to the user’s bank. Cashback Model Our cashback mechanism is two-fold and incentivizes social sharing: Instant Cashback: After a purchase, customers can share the product. Both the customer and vendor split 1% of the transaction value in PSS (our governance token), which is automatically purchased from DEX liquidity. Conditional Cashback: If someone from the customer’s network clicks their share link and purchases the same product, the original buyer receives a one-time cashback of 50%-100% of their transaction value.

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