If the Builder economy is placed at the height of the evolution of human civilization, it will bring about the basis for the transformation of the economic system: clan and tribe (small country with few people, common labor, common distribution), farming civilization (slave owners, monarchs and religion), industrial and commercial civilization ( Capital and politicians), technology/information civilization (technology, capital and politicians), digital civilization (user Builder co-construction and sharing in the blockchain/Web3 era), interstellar civilization (unknown)…We have the opportunity to write a new narrative chapter for human beings “until civilization” with “blockchain/Web3 distributed/decentralized, token incentive mechanism/Builder economy, smart contract/DAO organizational governance structure”, and it can even be coherent Sexually look forward to the interstellar civilization after the digital civilization (human beings will have the ability to chase the stars and seas only after they have completed digital advancement).In the historical view of the advancement of human civilization, the evolution of civilization is driven by the adaptation and transformation of the environment by the survivors. In the age of digital civilization, the iteration and transformation of the individual survival paradigm/labor values, as well as the entire ecosystem, economic structure, and production relationship, will be of crucial importance. First, we should look at how Builder users construct Web3 infrastructure. This is based on their interests and expertise in digital civilization/Web3 ecology. Then, it will be of crucial importance to the entire ecosystem, economic structure, and production relationship. The contribution of DAO is core to complete the construction of DID elements such as the user’s assets/equity and reputation/reputation, and provide asset management tools on the user chain, and promote the division of labor and cooperation and ecological co-construction of users in DAO/Web3 applications. Analyze the realization of the Builder economy and the potential for systematic value in iterative Web3 application processes in the context of Web3.IterationLet us first clarify the definition of the Builder economy. These are all manifestations or the return on equity of Builder user contributions/data association. The Builder here does not include the developer group, but all Web3 ecological builders, including creators, miners, operators, and others who contribute valuable labor to the Web3 ecological construction and can receive corresponding rewards. Return on equity.Changes to the universal survival paradigm. In an iterative context, the best comparative effect we have is the content creator economy. While content creators/builders in the Web2 era may make an income doing what they want and promoting the content business realization model for the creator economy, this is not enough to encourage the economic structure to iterate. It is not enough just to create content for the ecology. Creators/Builders can help you survive a paradigm shift. There are limited revenue opportunities here – only the top 1% with a large following and readings can sustainably operate. For example, Spotify’s musicians account to 90% of its revenue. Twitch’s revenue is more about the top 1% of anchors. The centralized platform of the Web2 era has the most economic value from content creators/Builders. According to Linktree data, 35% of content creators are not able make ends meet in the Web2 era. 59% have not achieved content monetization. Watashi, founder of SafeTreasury has almost ten years experience in product design and management in the Web2 era. He has dedicated himself to the project practice, community building, and NFT trading market. He believes that Web3 is transforming the content creator economy of the Internet era into a kind laborer/Builder Paradigms for survival in the age digital civilization. Take PLay2Earn, for example. Although PLay2Earn is now a speculative/hype gimmick to currency harvesters, it is still a valuable exercise for us. A digital economic activity that all people can participate in and has the utility of a personal survival paradigm.Source: NansenWatashi believes that this mainly depends on the blockchain/Web3 providing users with low-cost creation value and high-efficiency asset circulation/transaction. The number of active wallets that participate in the native token SLP can be used to determine the number of Axie users. It was close to one million at its peak. Most of these users do not need to master technology and programming language to understand and use complex financial infrastructure, but when they can complete payment through SLP in a few minutes, PLay2Earn is exploring the survival of Web3 laborers/Builders in the iterative process of digital civilization paradigm.As more and more workers/Builders enter the survival paradigm level of user production behavior, the convenience of asset management and services on the chain is particularly important-this is exactly the problem SafeTreasury wants to solve: read all transactions on the chain and displayed in a more readable way; track all tokens and DeFi assets; support single-signature and multi-signature Gnosis Safe transfers; filter transactions by wallet, label, token, and date; add financial labels to transactions in batches, Remarks can also be added… After completing the Builder/contributor’s payment based on individual contribution and data recording on the chain, SafeTreasury is still developing DID on the chain, establishing DID elements such as the reputation value of the individual in the community so as to Empower the Builder’s economic process.Iteration of organizational management formIn the Web2 era, the centralized decision-making and contribution (salary/option) transformation and the iteration of the evaluation system are carried out simultaneously – the practice of DAO/Web3 shows that the characteristics of decentralization, no third party, and anti-censorship can be achieved through crypto technology and the management of social organizations. The other way to play is through laborers/Builders. The contribution of laborers/Builders is recorded and the method for equity settlement is made public. Builders receive corresponding value returns based on their contributions. This will encourage members to dedicate themselves to team building. The necessity of community quantification mechanismThe SafeTreasury founding team believes that service contributors should be able to trace the history of each contributor. This corresponds with the quantification mechanism as well as the rights and permissions that it holds. The Internet has entered the age of ownership thanks to smart contracts and blockchain. Users can directly use the contributions they have made to calculate their rights and interests. The value of user contributions in the builder economy is directly related to the incentives received by builders. To complete a quantitative mechanism that works for the current community, the Builder and the community must do the following: The platform does not determine the rights and interests of the builder, but the Builder and the community on the basis of objective facts and community positioning.
The community has a clear vision and positioning, and measures user contributions using effective and long-lasting metrics.
All user contributions and behavior can be saved persistently. They cannot be modified and can be proven without the involvement of a third party. This means that user contributions must be uploaded to the chain at a suitable time and in a timely manner. The builder’s contribution can then be analyzed offline after the data has been saved. This allows the builder to not only focus on his contribution records but also to get personalized recommendations and analysis. The builder’s expertise and preferred work habits will help him to be more effective in the application’s division of labor and collaboration.
PathLook at the economic system within the context of technology, product and application iteration. Compare the points/equipment incentives for Web2 applications with those of Web3 applications. Only Web2 applications allow points/equipment to be used and circulated within their applications. There is no economic mechanism that allows for consumption, investment, and transactions within the application ecosystem. The contribution/data/assets of Web3 application users belong to the Builder user DID in the form of asset confirmation, such as token/NFT, and can be circulated across protocols and applications. On the basis of consumption/payment/transaction scenarios, it also has investment/ The financial utility of arbitrage.Each Web3 application is an independent “small country” with a closed-loop economic system, and the Token/token issued by it is the “currency” for the operation of the application/”small country” economic system. At the macro level, there must be a singularity. The Web3 ecosystem is able to run freely because it has enough applications/small countries. Builder users devote themselves to Web3 with their own interests/specialties (close to Marxists’ self-owned and comprehensive development). The support ecological co-construction and sharing of the non-competitive digital civilization “small country with many people, mutual benefit, and win-win” However, a non competitive economic ecosystem will not form spontaneously, especially in the early stages of Web3 ecological coconstruction. There is no “national boundary” or border between applications in the Web3 universe. Builder users DID It may be active in multiple Web3 applications. Therefore, each Web3 application must consider how to motivate Builder users to take part in ecological co-construction. The combination of “project token + stable money + legal currency” is a better option than the “full project token” incentive. A project token’s value is 0 at the beginning stage. The value can only be increased by the collective efforts of all builders. Builders are human beings with real needs in the current setting. Incentivizing contributors requires a flexible and eclectic approach. Once the project’s value is established and the business flywheel is running, it can switch to the “full token” incentive. This will create a self-closed loop on-chain ecology. Token incentives can be divided into two types. Commitment compensation is more similar to a formal job. Each week, DAO invests a certain amount of time in its work. The work is ongoing and is arranged in accordance with the organization’s needs. It is a requirement that individuals produce specific results within a set time. Retroactive Compensation corresponds with temporary job assignments that correspond to clear work results.
Auto-match market compensation (startup equity tied to the company’s last fundraising round)
Rewards are directly linked to the company’s technical products and community values and are not subject the company’s capital structure
Compensation for employee benefits lost due to extrinsic causes in different ways (capital gains and payroll taxes, local regulations).
You can obtain basic liquidity from the lending markets without triggering any taxable events
Earn additional tokens by lending, staking and earning incentives
Transparency is key to the token dilution process. In a transparent way, coordinate possible scenarios for the total token supply.
There are many incentives (and pros and cons) within the web3 community. These include:Retroactive bonus (funds/tokens), given retroactively after contributors contribute (flexible for DAOs; no long-term commitments required, but high uncertainty among contributors);
Salary stream (funds/tokens). This could encourage long-term, steady contributions but not for specific jobs.
Collective rewards (funds/tokens) are used to collectively assess the rewards that individual contributors should receive (there is a decentralized collective appraisal mechanism, but it makes individuals less certain about the rewards they will get).
Governance rights/tokens (to give members an improved sense of participation but the value governance tokens generally fluctuates greatly).
Tips (funds/tokens) directly allocated by the central organisation (contributors can get rewarded the fastest but it is very centralized and the income may not be certain).
Bounty (funds/tokens), useful for certain tasks, but difficult to supervise the completion.
Donation (applicable to incubating complicated plans/projects within DAO. It is also difficult to test its effect).
NFT (can be used to buy tickets and build a reputation system but has limited liquidity)
SBT (SBT can be combined with DID to create a web3 resume)
This incentive system not only ensures the incentive mechanism but also attempts to solve a very real problem during the early stages of Web3 ecological coconstruction. How can a Web3 application function when many excellent Builder users don’t have any other full-time/commission job in the real world? Consider the real survival issues of the Token incentive system when analyzing it. A Builder user of ThePrimediaDAO contributed approximately the same amount to two independent content investment research articles and analysis articles. Full-time status allows for co-research and collaboration. In order to help it play its role better, a reward bounty of 600U to 1000U is offered. This not only ensures its survival but also provides an incentive to fund management to support early Web3 projects. SafeTreasury formed a collaboration platform to serve the Web3 ecology based on the above analysis. It combines “Web3 app fund management + Builder users chain asset management”. SafeTreasury aims to provide transparent financial disclosure solutions for Web3 community governance. It also attempts to establish Web3 financial norms, generate financial statements, and create a platform to support Builder users and Web3 apps. An aggregator that integrates all resources. ValueIn the long history human evolution, each civilization era is a result of adaptation of the human social system to changes in the environment/survival structure. Digital civilization is no exception. Complexity is a part of human nature. The laws of the real-world are the foundation of morality and regulate social behavior. Smart contracts in the web3 world regulate builders’ behavior and ensure normal community governance. The constitution (smartcontract) is the interface between these common values. The structure and main form of the DAO constitution is based on the modern constitution. It defines powers and responsibilities through clauses. It also imitates the declaration, expressing values, and guidelines to follow. Finally, the digital constitution of the community, and the Web3 project, is encoded to the mentioned values, rights, and goals. This is known as computational constitutionalism. It is a system where communities are defined through the use of smart contracts. This is reflected in the following: the right of proposal, the ability to challenge the proposal and the rights to vote, non-discrimination, and the right not to be discriminated. The constitution defines the community’s goals and values. The community’s goals can be divided into three main areas: developing Web3-specific technologies, disseminating technology to benefit the entire world, and building communities. The SafeTreasury founding team believes that early builders and contributors can get a part of the value the platform creates, and then help to govern and control the platform more. Essentially handing these companies over to the Builders – this is the biggest socio-social shift that decentralization has created here.We can imagine that in the process of digital civilization based on Web3 application iteration, this is a new paradigm of living structure, a little more equal and a little more socialist, which allows every Builder to participate in the economic creation that is happening in the world Share with others, and have corresponding social governance rights and interests based on their contribution, instead of restricting it to a few people such as capital/technology/politicians. Web3 applications will unleash human creativity. While completing the evolution of digital civilization, human beings can also start imagining interstellar civilization…DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuHaroldCoincu NewsTags: BlockchainBuildersCreatorsDAODecentralizedWeb3