Edison DAO

HOW IT WORKS:

What is a DAO?

A DAO, or Decentralized Autonomous Organization, is a community-driven entity that operates on blockchain technology. Instead of being controlled by a central authority, decisions are made collectively by its members through transparent, on-chain voting. Think of it as a digital co-op where everyone has a say, and rules are enforced by smart contracts—self-executing code that ensures fairness and trust.

How Edison DAO Works

Edison DAO is a decentralized platform that empowers inventors and innovators by funding new Inventors and Inventions. Here's how it works step by step:

1. Inventors Submit Proposals for Sponsorships

Up-and-coming inventors submit their ideas to Edison DAO, seeking funding to cover the costs of bringing their product to market.

2. $EDSN Token Holders Vote

Holders of the $EDSN governance token review and vote on these submissions. Voting power is weighted by the number of $EDSN tokens held—the more tokens you have, the greater your influence on the decision.

3. Funding

If a proposal is approved, Edison DAO Sponsors the project with $EDSN tokens.

4. Sponsorship funding agreement & $EDSN buybacks

Inventors receiving Sponsorships will sign a contract agreeing that when the product makes it to market and has reached an agreed upon profitability, $EDSN will be bought back and BURNED from the Liquidity Pool at a rate equal to 1.5X the USD value at the time of transfer of the $EDSN tokens supplied by the DAO for Sponsorship. (i.e. if an Inventor receives $EDSN worth $1000 USD they will be contractually obligated to purchase and BURN $1500 USD of $EDSN from the pool). This way if the price is higher than when they received the tokens they will be raising the price floor and if the price is lower they will be buying significantly more tokens from the pool. This deflationary mechanism ensures that all successful Inventors help keep up the price floor of the $EDSN token and reduce the number of tokens in circulation.

Why Edison DAO?

Edison DAO bridges the gap between innovation and funding, creating a win-win scenario for inventors and token holders. By leveraging the power of decentralized governance, Edison DAO ensures transparency, fairness, and collective decision-making. Whether you're an inventor with a groundbreaking idea or a token holder looking to support innovation, Edison DAO is your gateway to the future of innovative intellectual property and blockchain-powered collaboration.

Join Edison DAO today and be part of a community that funds the future, one project at a time!