DAOrayaki DAO Research Grant：
Fund Address: DAOrayaki.eth
Voting Result：DAO Committee Yes
Grant Amount：200 USD
Category: Idavoll Network, Polkadot, Web3.0, DAOs, Substrate2.0, Basic Components, Idavoll Court
发布时间：March 3rd, 2021
Idavoll Network 是一个去中心化自治组织平台，为 Idavoll Network 和 Polkadot ParaChains 的用户提供基础设施和服务。每个 Idavoll Network 的单个组织都作为一组模块存在，这些模块定义了组织的利益相关者及其相关的权利和特权。 Idavoll Network 将在未来实施 Idavoll Court，由 Idavoll Network 代币持有者开发和维护。组织可以使用 Idavoll 法庭，利用 Idavoll 独特的链上解决方案来解决具有二元结果的主观争议。
Web3.0 互联网支持跨链底层项目——Polkadot 建立了一套多链架构，这将使所有连接到该架构的区块链能够更好地完成信息交互。Polkadot 定义 Parachain 和 Relaychain 来解决可扩展性问题。Polkadot 利用区块链技术实现 Web3.0 的以下愿景：
事实上，缺乏交互性已经成为区块链项目在业务场景应用中的障碍。 由于缺乏交互性，一条链上的数字资产无法转移到另一条链上。 同时，不同链上的智能合约无法实现交互。 为了解决这个问题，很多公司在区块链的应用层提供了解决方案。即一种可以实现跨链协议轻松完成“各种区块链的交互性”的解决方案。 但是，该解决方案不是去中心化的。
DAO 是将现实生活中的组织搬到区块链上，将组织的运行规则写入智能合约，从而限制参与者行为，确保公开、公平和公正。在技术层面，P2P传输模式背后的主要实现方式是区块链的发展框架，建立不依赖中央机构的经济合作基础设施。该框架应提供小型模块化和功能性组件，通过创建和配置 DAO，这些组件可用作架构经济体的基础。
DAO或去中心化自治组织是一种组织形式，其治理形式涉及资源分配和分配参与者之间的交互、共识和投票机制等活动，由智能合约进行安排。当前区块链 DAO 治理模型面临的主要挑战之一是可扩展性。随着 DAO 成员数量的增加和运营复杂性的增加，越来越需要授权和分工来更好地管理组织，通知所有成员并参与组织的每一次活动是不可行的，因为这会花费大量的时间和精力，这可能会导致错误的决策，使 DAO 本身的功能处于危险之中。一种具有可行性的解决方案是组建一组由社区共识认可的成员，以允许他们执行DAO的任务和活动。这些小组被我们称为“委员会”，并通过应用程序进行管理。
Idavoll Network 是一个基于 Substrate 的去中心化组织网络，在 Polkadot 上作为平行链运行。 Idavoll Network 通过组件来实现对 DAO 的管理包括：组织模块、投票模块、代币模块和财务模块。通过将这些模块链接在一起，每个参与者都可以定义 DAO，这限制了如何在组织内执行操作。
davoll Network 是 Polkadot 生态中的平行链项目，允许任何人创建和管理组织（公司、开源项目、非政府组织、基金会）。 平台实现股东名册、代币转账、投票、任职、融资、会计等组织的基本功能，通过修改章程可以方便地定制组织在链上的行为。此外，还可以通过连接智能合约的第三方模块来扩展 Idavoll 组织。
Idavoll Network 是一个去中心化的自治组织平台。它是基于substrate2.0开发框架的Polkadot平行链，方便用户自由创建和管理组织。Idavoll 为用户提供了一套基本的构建模板，供用户自由灵活地创建自定义组织。 DAO 的最基本定义应该是：组织可以进行自我更新并永久保持其身份。 那么为此我们的基本核心组件应该包括：“组织”和“投票”
Idaovoll DAO 原则:
在定义 DAO 核心几个组件之前，让我们先了解一些 Idavoll Network 希望实现的 DAO 原则：
` DAO 作为一个永恒的实体存在于世界。
Idavoll Network 可以为 Polkadot 生态的用户提供构建 DAO 的基础设施和服务。每个 Idavoll Network 都以模块的形式存在，这些模块定义了组织的利益相关者及其相关的权力和特权。基础组件的核心功能是完成DAO的基本功能，包括成员资格、所有权、投票权、资金和成员资格等组织特征。Idavoll 提供了一些基本的插件模板，用于结合组织的特征功能，包括组织模板、投票模板、代币模板和资产模板。 通过结合这些模板，每个人都可以定义 DAO，它预先定义了行为规则来限制 DAO 的执行。
组件模板使用许可结构链接在一起，形成一个完整、安全、可控的DAO，即组织只允许的被许可的地址和模块（模块地址）执行组织的特定操作。例如，一个有投票权的模块在投票成功后会进行转发操作。 通过将基本模块链接在一起，可以定义一些复杂的标准，这将限制组织内的行为操作。 例如，一个组织希望允许组织内部的资金转移，但前提是以下条件：
如果小股东认为所提交的提案违反了提案协议的条款，可以选择提出异议。当他们提出争议时，他们需要存入等量的抵押品，以及 Idavoll 法院确定的初始争议费用。他们还可以提供证据来支持他们的立场。这样投票将立即暂停，直到争议得到解决。
陪审员需要取得IDV并存入法院抵押合同，才能取得陪审员资格。 一旦准陪审员参与获得陪审员资格的承诺，准陪审员即被视为活跃，必须承诺在规定期限内仲裁争议。陪审团组成后，争议进入审议阶段。 陪审员需要作出有利于一方的裁决。 完整的判决分为两个阶段，“承诺期”：陪审员提交判决相应的哈希值； “公示期”：陪审员将公布投票结果。陪审员在“披露期”前宣布投票或在“披露期”后未宣布投票的，将受到处罚。
` Alina - Idavoll Network 的联合创始人：Alina 曾在苏黎世麦肯锡担任顶级战略咨询师。在区块链方面，她在 Aragon 平台上构建了 UniDAO - 一个资产管理 DAO，也是第一个用于 DeFi 管理的DAO。之后，加入了 Equilibrium，开始了 Polkadot 生态系统的职业生涯。Alina创立了 Idavoll Network，将 DAO 的理念引入 Polkadot 生态系统。
`Abhilash - Idavoll Network 的联合创始人：Abhilash 在区块链领域拥有至少 5 年的业务开发、营销和国际销售经验，他的优势集中在金融科技和加密公司的全球视角。他曾与多个区块链项目密切合作，推动全球发展计划和战略制定。
Idavoll Network 项目计划:
Idavoll Network 愿景:
Idavoll Network 作为 DAO治理平台，未来将推出更多治理模块，以满足更多组织的个性化需求，使 Idavoll Network 成为承载各种 DAO 的治理平台。
同时，作为 Polkadot 的平行链项目，随着 Polkadot 生态的发展，Idavoll Network 使用 XCMP 协议为其他平行链上的项目和产品提供 DAO 治理服务，包括为其他公链上的项目提供治理服务。比如以太坊上的 DeFi 项目，它的 DAO 在 Idavoll Network 上运行其繁重的治理过程（这种治理在以太坊上会很昂贵而且很慢），但是通过 Idavoll Network 的代理模块，通过 Polkadot 桥链，DAO 治理的结果在以太坊上执行，使得各种项目能够以极低的成本完成去中心化的治理。
在初始销售和网络部署后，剩余的 IDV 将用于维护网络和社区，并奖励矿工和社区贡献者。稍后，社区将投票决定是否发行额外的 IDV 及其模型。发行新代币的成本由 IDV 代币持有者决定。考虑到经济学中的供求原则，这将是一个持续的决定。如果发行新币的成本太低，就会有越来越多的代币进入流通，直到供不应求。该通胀计划将使单个 IDV 代币的价格下降。最终，我们相信代币持有者将决定健康均衡的通胀率。通过平等对待每个持有人的意见，市场将正确反映最佳的增发成本。
当主网上线时，Idavoll Network 发行了 20 亿个 IDV 代币。 代币发行是支付网络运营商，即验证节点和生态运营维护者。 Idavoll Network 代币分配如下：
`投资及合作伙伴：500,000,000 IDV (25%)
`挖矿：500,000,000 IDV（10%），挖矿分为两部分，其中300,000,000 IDV（15%）用于治理奖励，以及参与提案和治理的奖励；另外 200,000,000 IDV (10%) 用于区块奖励，参与 PoS 共识区块的奖励。
每笔交易都需要一定量的带宽才能包含在区块中，并需要一定量的计算能力来执行。Idavoll Network 将这些资源打包成一个统一的度量“gas”，必须由验证节点使用以执行交易。Idavoll Network 使用 WebAssembly 虚拟机来执行交易，并提供包含虚拟机操作和 gas 使用情况的映射。gas 的目标是成为一种统一的度量，用于度量在预设硬件上接收、执行和生成所需的资源。想要发送交易的用户必须按当前的gas费用支付交易。gas 费适用于整个系统，并以可预测的方式从块到块变化。具体来说，如果前一个区块使用的gas超过该区块gas上限的一半，gas费用会略有增加。否则，gas费用会下降。最低gas费用作为费用的下限。
Idavoll court支持Idavoll Network 处理有争议的提案。在对有争议的提案进行裁决之前，必须将一定数量的 IDV 抵押给 Idavoll 法院。作为案件的证明，案件的判决需要陪审员投票，陪审团需要一定数量的IDV承诺防止其作恶，案件的最终判决将使获胜方、陪审员和Idavoll金库获得一定数额的IDV收益，败诉方将被抵押的IDV作为罚款。
Idavoll Network 协议库中的资金将回归生态，Idavoll 团队认为发展应该是可持续的。团队将10%的验证节点奖励和不遵守规则的组织的质押资产从网络分配中关闭或冻结到金库。金库账户旨在为协议和生态系统的发展提供持续支持。从长远来看，金库应该通过去中心化的治理过程进行管理。Idavoll 生态系统的贡献者可以向金库申请奖励。Idavoll Network 将在投票决定后向申请者分配一定数量的 IDV 奖励。同时，金库也会定期奖励一定比例的IDV给所有用户。
奖励：作为验证节点的一个类别，每个纪元都会获得一定数量的系统奖励（其中 10% 用于 Idavoll 协议库中）。每个验证节点将获得与其参与成正比的奖励。验证节点质押后，可以通过一定的规则分配到相应的纪元生成共识节点。每个周期结束后，验证节点将根据验证节点的实际和预期区块输出进行评估。如果在线率低于预期的 90%，验证节点将被视为离线/不稳定。此类节点不会获得任何奖励，将在下一个周期被淘汰（即质押被强制取消）。 在线率大于等于 90% 的验证节点将获得在线率线性增加的奖励，在线率大于或等于 99% 的验证节点将获得 100% 的奖励。
委托：验证节点可以通过委托第三方进行质押。 Idavoll Network 是基于底层框架开发的区块链网络。它支持底层原生的 NPOS 协议。该协议允许用户通过委托验证者参与整个网络的运行，并获得系统返回的奖励。希望接受委托的验证者节点可以创建费用标准来支持用户的委托，不想自己运行节点的用户可以将自己的IDV存入验证者节点。因此，存入验证者节点的资金可以被验证者当做其质押的一部分。
挖矿：500,000,000 IDV（25%），挖矿分为两部分，其中300,000,000 IDV（15%）用于治理奖励，参与提案和治理奖励； 另外 200,000,000 IDV (10%) 用于区块奖励，奖励参与 PoS 共识产生区块。
Idavoll DAO 治理流程:
2. 如果少数用户认为提案违反了提案协议条款，少数利益相关者可以选择提出争议，以保护自己的利益。当他们提出争议时，他们需要存入等量的抵押品和 Idavoll court确定的初始争议费用。他们还可以提供证据来支持他们的立场。该提案的投票过程将立即暂停，直至争议解决。如果提案发起人认为争议有效，可以选择不采取任何措施，自动判定争议成功。提案发起人的抵押品将转移给争议者，投票将被取消。如果提案的发起人认为自己会赢得争议，他还必须支付争议费用并提供支持其立场的证据。在双方提交证据和争议费用后，Idavoll法院审查案件。
Idavoll Network 治理机制:
Idavoll Network 在推出时采取了民主的方式来确定代币发行、资金分配和网络规则。同时，Idavoll Network 也采用链上 DAO 治理方式，Idavoll Network 将成为链上的第一个 DAO。这意味着通过提案和投票系统，Idavoll Network 在链上治理机制的基础上进行部署，并通过建立提案来升级机制本身。
- 为 IDV 收入设定税率。
- 使用 IDV 工具的组织。
Idavoll Network 平行链:
Idavoll Network是一个基于substrate2.0开发框架的Polkadot生态平行链。在功能上，Idavoll Network兼容账户、余额、子代、父代、权益质押等平台的基层架构功能，共享并保证了Idavoll Network的高性能、稳定性和安全性。同时，Idavoll Network 提供了 DAO 的基础平台，提供各种基础服务。灵活的平台组合模板，构建不同属性的专业DAO组织。Idavoll Network还结合了基础的链下工作的功能，提供了链下数据整合，将链下数据和链上规则结合起来，完成治理流程。
Official website: https://idavoll.network/
Twitter Account: https://twitter.com/IdavollN
Idavoll Network: Infrastructure and Services Provider for DAO
Fund Address: 0xCd7da526f5C943126fa9E6f63b7774fA89E88d71
Voting Result：DAO Committee Yes
Grant Amount：200 USD
Category: Idavoll Network, Polkadot, Web3.0, DAOs, Substrate2.0, Basic Components, Idavoll Court
Year of Establishment
March 3rd, 2021
Country of Origin
Market Value Ranking
#777 (according to coinnarketcap)
Current Currency Price
$0.01 (consulted in 17th , June, 2021)
Private Sale Price
Seed Round: 0.002 USDT / IDV
Strategic Round: 0.004 USDT / IDV
Private Round: 0.005 USDT / IDV
Over $ 1M
Circulation Market Value
Online Trading Pairs
Top 10 Exchanges
Coinbase, gate.io, HotBit, Binance, Houbi Global
Brief Overview About Idavoll Overview:
Idavoll Network is a decentralized autonomous organization platform that provides infrastructure and services to users of the Idavoll Network and Polkadot ParaChains. Each Idavoll Network’s individual organization exists as a set of modules that define the organization’s stakeholders and their associated rights and privileges. Idavoll Network will implement Idavoll Court in the future, developed and maintained by Idavoll Network token holders. The Idavoll Court can be used by organizations to resolve subjective disputes with binary outcomes utilizing Idavoll’s unique on-chain solutions.
Web3.0 Internet of Value supports the cross-chain underlying project – Polkadot has established a set of multi-chain architecture, which will enable all blockchains connected to this architecture to better complete the information interaction between each other. Polkadot defines a set of Parachain and Relaychain to solve the scalability issues respectively. Polkadot will use blockchain technology to realize the following major visions of Web3.0:
1- The user owns his own data, not the company.
2- Global digital asset transactions are safe.
3- The online exchange of information and value is free.
With the development of blockchain technology, competitive advantages of projects require more and more innovative solutions to support. In the current blockchain field, almost every blockchain project is an independent ecosystem composed of users, tokens, and dApps. Each blockchain project is in a separate soil growing with the continuous development of the industry, this kind of blockchain project insufficient interoperability will become a barrier to future development.
Why is the interoperability between blockchains so important?
In fact, the lack of interoperability has become an obstacle to the application of blockchain in enterprise business. Due to the lack of interoperability, digital assets on one chain cannot be transferred to another chain. At the same time, smart contracts on different chains cannot interact. In order to solve this problem, many companies provide some solutions in the application layer of the blockchain. They claim to provide a solution that can easily complete the “interoperability of various blockchains” using their cross-chain protocol. However, this solution is not decentralized.
DAO is to move real-life organizations to the blockchain, and write the organization’s operating rules in smart contracts, thereby restricting participants and ensuring openness, fairness and justice. At the technical level, the main implementation method behind the P2P transmission mode is the development framework of the blockchain to establish a cooperative economic infrastructure that does not rely on central institutions. The framework should provide small modular and functional components that can be used as the basis for the formation of these economies by creating and configuring DAOs.
DAO or decentralized autonomous organization is a form of organization, and its governance form involves activities such as resource allocation and allocation, interaction between participants, consensus and voting mechanisms, etc., organized by smart contracts residing in the organization. One of the main challenges facing the current DAO governance model of blockchain is scalability. With the increase in the number of DAO members and the increase in operational complexity, there is an increasing need for delegation and division of responsibilities to better manage the organization. Notifying all members and participating in every process of the organization is not feasible, because it will take a lot of time and effort, which may lead to wrong decisions, and this put the function of the DAO itself at risk. One possible solution is to form a small group of organizational members and obtain a certain number of permits to allow them to perform DAO tasks and activities. These groups are called “committees” by us and are managed through apps.
Idavoll Network is a decentralized organization network based on Substrate and run as a parachain on Polkadot. Idavoll Network has a set of pallets to achieve the management of DAOs: organization module, voting module, token module, and finance module. By chaining these modules together, everyone can define a DAO which constrain how actions can be performed within the organization.
Idavoll Network is a parachain project in the Polkadot ecology that allows anyone to create and manage any organization (companies, open-source projects, NGOs, foundations）ealizes shareholders roster, token transfer, the basic functions of organizations such as voting, job appointment, financing, and accounting, the behavior of the organization on the chain can be easily customized by modifying the charter. In addition, the Idavoll organization can also be extended by connecting third-party modules of smart contracts.
Idavoll Network Architecture:
Idavoll Network is a decentralized autonomous organization platform. It is a parallel chain of Polkadot based on the substrate2.0 development framework, which is convenient for users to create and manage organizations freely. Idavoll provides users with a set of basic building templates for users to flexibly and freely create custom organizations. The minimal definition of a DAO should be: an organization can renew itself and maintain its identity forever. Then our basic core components should include: "organization" and "voting".
Idaovoll DAO principles:
Before defining the different components of the DAO core, lets come across some of the few principles of the DAO that Idavoll Network would like to accomplish:
l A DAO exists in the world as an eternal entity.
l A DAO will always exist unless it decides to terminate.
l A DAO can update most of the basic components by itself, while still being regarded as the same entity.
l A DAO has internal capital, which is in principle in the form of digital assets.
l A DAO can operate the external world or itself, and its execution is realized using smart contracts on the chain.
l In addition to pre-defined behavioral rules for a DAO, external events can also trigger specific DAO operations.
Idavoll Network can provide Polkadot ecological users with infrastructure and services for building DAO. Each Idavoll Network organization exists in the form of a set of modules, which define the stakeholders of the organization and their related powers and privileges. The core function of the basic component is to complete the basic functions of a DAO, including organizational features such as membership, ownership, voting, capital and membership. Idavoll provides some basic plug-in templates for combining the characteristic functions of the organization, including organization templates, voting templates, Token templates, and asset templates. By combining these templates, everyone can define a DAO, which is predefined The rules of conduct restrict the execution of the DAO.
Component templates are linked together using a permissioned structure to form a complete, secure and controllable DAO, that is, the organization only allows the permitted addresses and modules (module addresses) to perform specific operations of the organization. For example, a module with voting rights will perform a forwarding operation after successfully approved voting. By linking the basic modules together, some complex standards can be defined, which will limit the behavioral operations within the organization. For exaple, an organization wants to allow the transfer of funds within the organization, but the premise is the following conditions:
1- Proposed by members of the organization.
2- Approval by the majority of members.
3- Meet the predetermined budget.
This can be achieved by configuring permission chains, each link imposes logical constraints on the final operation.
Organization module: used to manage the organization’s membership and permissions and other functions, divide the organizational structure, such as different permissions for nodes, users, developers, etc. A super administrator is also available for setting up if needed.
Voting module: Manage the proposal and voting decision-making process of the members of the organization, define different proposal voting requirements, set different passing ratios and negative requirements for the level of the proposal.
Toke module: manages the representation and transfer of ownership of organization members, and the additional issuance and redistribution of tokens will also be implemented by voting in accordance with a complete governance process.
Finance module: manage the organization’s assets and asset transfer actions.
Agent module: used to create external cooperation and combine the original organizational structure with DAO tools.
The DAO composed of the above module links can effectively restrict the asset transfer process in the organization. The transfer process is approved by a majority vote, but for a small number of stakeholders, the majority of stakeholders may decide to liquidate the organization and make a small number of stakeholders related In order to avoid this hostile liquidation situation, the organization needs a mechanism to impose constraints, which can be implemented by any individual in the organization instead of the actions of most participants.
Any member of the organization can initiate a proposal, and the terms of the proposal agreement must be clear. Once the proposal has the relevant pledge, the proposal will be forwarded to the "Voting" function module, and rules such as creating a vote, suspending voting, and canceling voting are assigned Use with the "Voting" function module.
If minority shareholders believe that the submitted proposal violates the terms of the proposal agreement, they can choose to dispute. When they file a dispute, they will need to deposit an equal amount of collateral, as well as the initial dispute fee determined by the Idavoll court. They can also provide evidence to support their position. Voting will be suspended immediately until the dispute is resolved.
If the original proposer believes that the dispute is valid, then they can choose not to take any measures, and the dispute will automatically be ruled in favor. The collateral of the proposer will be transferred to the disputer and the vote will be cancelled. If the original proposer believes they will win the dispute, then they must also pay the dispute fee and provide evidence to support their position.
Proposal agreement disputes rely on the decentralized oracle agreement, which is called the court, and the jury members own the IDV of Idavoll Network's own chain assets to win the right to perform dispute resolution services and receive a portion of the dispute resolution fee.
In the event of a dispute, jurors are selected through the weighted classification of equity to form a jury. The jurors must rule on the dispute during the commitment period, and then disclose their verdict after all the jurors have made their commitments. The verdict was based on a drafted majority decision of the jury. Before the sentence is enforced, there is an opportunity to appeal, which will repeat the trial process with a larger number of jurors. A fixed number of appeals can be made before the final judgment round in which all the jurors involved are required to make a verdict.
The juror needs to obtain the IDV and deposit it in the mortgage contract of the court to obtain the qualification of juror. Once the prospective juror participates in the pledge of obtaining the qualification of the juror, the prospective juror is considered to be active and must commit to the specified period Arbitrate the dispute within. Once the jury is formed, the dispute enters the deliberation stage. The jurors need to make a verdict in favor of one party. The complete verdict is divided into two stages, the "commitment period": the hash value of the verdict submitted by the juror; "Disclosure period": The jurors will announce their voting results. Jurors who announce their votes before the "disclosure period" or fail to announce their votes after the "disclosure period" will be punished.
The first ruling of the dispute is called the preliminary ruling, and the subsequent ruling is called the appeal period. If there is no appeal during the appeal period, the preliminary ruling is the final ruling. Each dispute can be appealed at most once. In order to appeal, both parties to the dispute must apply additional mortgages. If neither party has deposited the mortgage required to trigger the next round of appeals, the preliminary ruling will be finalized. If only one party deposits the required collateral, the ruling will be completed immediately in its advantageous manner. If both parties have deposited the required collateral, an appeal round can be arranged.
If there is a preliminary ruling, and no party appeals, only one appeals, or the maximum number of appeals is reached, a final ruling is reached. After making the final ruling, the court needs to deal with the reallocation of collateral and equity
¡ Alina - Co-founder of Idavoll Network: Alina once worked as a top-tier strategy consulting at Mckinsey, Zurich. In blockchain, she built UniDAO - An Asset Management DAO on Aragon platform, also the first DAO for DeFi management. Afterwards, she joined Equilibrium to start her Polkadot Ecosystem career. She founded Idavoll Network to bring the ideads of DAO into Polkadot ecosystem.
¡ Abhilash - Co-founder of Idavoll Network: Helming at least 5 years of business development, marketing and International Sales experience in Blockchain field, Abhilash has focused his strength on the global angle for fintech and crypto companies. He has worked closely with several Blockchain projects driving global strategies for expansion plans an directives.
Idavoll Network project plan:
Phase 1: Realize the basic functions of the parachain developed based on the substrate2.0 framework and realize the basic module functions, including the functions of organization, voting, token and asset management modules, and complete the basic functions of building DAO.
Phase 2: Implement more templates and functional modules, the basic functions of dispute agreement and Idavoll court in DAO governance, and open SDK to more DApps
Phase 3: Realize the function of customizing DAO modules to provide services for any type of DAO and a complete and open SDK function platform, and support DAO governance on multiple chains through cross-chain.
Idavoll Network Outlook:
As a DAO governance platform, Idavoll Network will introduce more governance modules in the future to meet the individual needs of more organizations, making Idavoll Network a governance platform that carries various DAOs.
At the same time, as Polkadot's parachain project, with the development of Polkadot's ecology, Idavoll Network uses the XCMP protocol to provide DAO governance services for projects and products on other parachains, including governance services for projects on other public chains. For example, the DeFi project on Ethereum, its DAO runs its heavy governance process on the Idavoll Network (this governance will be expensive and slow on Ethereum), but through the agent module of the Idavoll Network, through the Polkadot bridge chain, the DAO The results of governance are executed on Ethereum, enabling various projects to complete decentralized governance at very low cost.
Sustainable Token Model:
After the initial sale and network deployment, the remaining IDV will be used to maintain the network and the community, and to reward miners and community contributors. Later, the community will vote on whether to issue additional IDV and its model. The cost of issuing new tokens is determined by IDV token holders. This will be a continuous decision, taking into account the principles of supply and demand in economics. If the cost of issuing new coins is too low, more and more tokens will enter circulation until the supply seriously exceeds the demand. This inflation plan will make the price of a single IDV token drop. Ultimately, we believe that token holders will determine a healthy equilibrium inflation rate. By treating the opinions of every holder equally, the market will correctly reflect the best additional issuance costs.
When mainnet went live, Idavoll Network issued 2 billion IDV tokens. Token issuance is to pay network operators, that is, verification nodes and ecological operation and maintainers. Idavoll Network token distribution is as follows:
Token name: IDV.
Investment and partners: 500,000,000 IDV (25%)
Ecological incentives: 400,000,000 IDV (20%), used for community development, airdrops and subsequent card slot auctions and other activities that are conductive to ecological development.
The foundation reserves: 300,000,000 IDV (15%) for the daily operations of the foundation.
Team: 300,000,000 IDV (15%), the team part will be linearly unlocked quarterly within three years after the mainnet launch;
Mining: 500,000,000 IDV (10%), mining is divided into two parts, of which 300,000,000 IDV (15%) is used for governance rewards, and rewards for participating in proposals and governance; the other 200,000,000 IDV (10%) is used for block rewards, Reward for participating in PoS consensus block production.
Each transaction requires a certain amount of bandwidth to be included in the block and a certain amount of computing power to execute. Idavoll Network package these resources into a unified measurement “gas”, which must be spent by validating nodes to execute transactions. Idavoll Network uses the WebAssembly virtual machine to execute transactions and provides a map containing virtual machine operations and gas usage. The goal of gas is to become a unified measurement that measures the resources required to receive, execute, and generate transactions on preset hardware. Users who want to send a transaction must pay a transaction by the current gas fee. The gas fee applies to the entire system and changes from block to block in a predictable manner. Specifically, if the gas used in the previous block exceeds half of the block’s gas upper limit, the gas fee will increase slightly. Otherwise, the gas fee will drop. There is a minimum gas fee as the lower limit of the fee.
Idavoll Network’s support for handling disputed proposals is the Idavoll court. A certain amount of IDV must be mortgaged to the Idavoll court before a disputed proposal is adjudicated. As a proof of the case, the verdict of the case requires jurors to vote and the jury requires a certain number of IDV pledged to prevent it from doing evil, the final verdict of the case will enable the winning party, jurors, and Idavoll treasury to obtain a certain amount of IDV proceeds, and the losing party will be fined with the mortgaged IDV.
The funds in the Idavoll Network agreement treasury will be returned to the ecology, and Idavoll team believes that development should be sustainable. The team allocate 10% of the verification node rewards and the pledged assets of organizations that do not follow the rules from the network to shut down or freeze to the treasury. The treasury account is designed to provide continuous support for the development of the protocol and ecosystem. In the long run, the treasury should be managed through a decentralized governance process. Contributors to the Idavoll ecosystem can apply for rewards to the treasury. Idavoll Network will allocate a certain number of IDV rewards to the applicants after voting decisions. At the same time, the treasury will also regularly reward a certain percentage of IDV to all users.
Reward: As a category of verification nodes, each epoch will receive a certain amount of system rewards (10% of which is used in the Idavoll protocol treasury). Each verification node will receive a reward proportional to its participation. After the verification node is pledged, it can be allocated to the corresponding epoch through certain rules for consensus node generation. After the end of each cycle, the verification node will be evaluated based on the actual and expected block output of the verification node. If the online rate is lower than the expected 90%, the verification node will be considered offline/unstable. This kind of node will not receive any rewards and will be eliminated in the next cycle (ie, the pledge is forced to cancel). Verification nodes with an online rate greater than or equal to 90% will receive a reward that increases linearly with the online rate, and a verification node with an online rate greater than or equal to 99% will receive a 100% reward.
Commission: The verification node can obtain a third party for pledge through entrustment. Idavoll Network is a blockchain network developed based on the substrate framework. It supports the NPOS protocol natively supported by substrate. This protocol allows users to participate in the operation of the entire network by entrusting validators and obtain rewards returned by the system. Verifier nodes that wish to accept delegation can create a fee standard to support the user's delegation, and users who do not want to run the node themselves can deposit their IDV in the verifier node. Thus, the funds deposited in the verifier node can be used by the verifier as part of its pledge.
Governance: In order to promote the development of governance, when nodes participate in governance, they can pledge IDV to vote on proposals. For approved proposals, a certain amount of tokens can be rewarded.
Mining: 500,000,000 IDV (25%), mining is divided into two parts, of which 300,000,000 IDV (15%) is used for governance rewards, and participation in proposals and governance is rewarded; the other 200,000,000 IDV (10%) is used for block rewards, Reward for participating in the PoS consensus to produce blocks.
Idavoll DAO Governance Process:
1. In the governance process, users can create proposals and pledge a certain amount of IDV to allow all members to participate in the voting process of the proposal. If the majority of users vote for the proposal and there is no dispute, the proposal will pass, and a certain amount of funds will be obtained according to the proposal rules.
2. If a small number of users believe that the proposal violates the terms of the proposal agreement, a small number of stakeholders can choose to raise a dispute in order to protect their own interests. When they file a dispute, they need to deposit an equal amount of collateral and the initial dispute fee determined by the Idavoll court. They can also provide evidence to support their position. The voting process of the proposal will be suspended immediately until the dispute is resolved. If the initiator of the proposal believes that the dispute is valid, it can choose not to take any measures, and it will automatically rule that the dispute is successful. The collateral of the initiator of the proposal will be transferred to the disputer and the vote will be cancelled. If the initiator of the proposal believes that it will win the dispute, he must also pay the dispute fee and provide evidence to support his position. After both parties submitted evidence and disputed fees, the Idavoll court reviewed the case.
Idavoll Network Governance Mechanism:
When it was launched, Idavoll Network adopted a democratic way to determine token issuance, fund distribution, and network rules. At the same time, Idavoll Network will also adopt on-chain DAO governance, and Idavoll Network will be the first DAO on the chain. This means that through the proposal and voting system, Idavoll Network is deployed on the basis of the on-chain governance mechanism, and the mechanism itself is upgraded by establishing proposals.
- Set tax ration for IDV income.
- Allocate funds to all token holders.
- Shut down or freeze organizations that do not comply with regulations from the network.
- Organizations using IDV tools.
- Allocate funds as a on-time reward.
- Repetitively allocate funds to service providers.
- Allocate funds to all token holders.
Idavoll Network Parachain:
Idavoll Network is a Polkadot ecological parachain based on the substrate2.0 development framework. In terms of function, the Idavoll Network is compatible with the account, balance, babe, grandpa, staking and other pallets of the substrate, and shares and ensures the high performance, stability and security of the Idavoll Network. At the same time, the Idavoll Network provides the basic pallet of DAO and provides various foundations. The flexible composition template of pallet to build professional DAO organizations with different attributes. The Idavoll Network also combines the functions of substrate’s off-chain worker to provide off-chain data integration, combining off-chain data with on-chain rules to complete the governance process.
Official website: https://idavoll.network/
Twitter Account: https://twitter.com/IdavollN