CrumbsUp is an end-to-end platform designed to address the needs of Decentralized Autonomous Organizations (DAOs) built on Radix. The team also runs CrumbsNode.
Introduction
CrumbsUp aims to provide easy initiation and rapid scalability for DAOs without requiring technical expertise. The platform offers customizable features like proposal and voting mechanisms using a DAO's own governance token. CrumbsUp follows a Minimum Viable Product (MVP) approach with gradual enhancements to ensure quick time-to-market. The native $CRUMB token and CrumbsNode validator are also key components of the overall Crumbs ecosystem.
Purpose
DAOs represent a novel approach to organizational structures and governance. As decentralized organizations, DAOs operate through smart contracts on blockchain networks to distribute decision-making power amongst participants. DAOs promise to reshape organizational dynamics by promoting transparency, democracy and autonomy. However, DAOs face challenges like complex technology, lack of participation, scalability issues and legal uncertainty. They require suitable tools and infrastructure to launch and operate effectively. CrumbsUp aims to fill this gap by providing an intuitive end-to-end solution.
The platform enables easy DAO initiation and management. Users can access DAO spaces, connect wallets, submit proposals, review, vote and monitor activity. CrumbsUp automates processes like voting and coordinates decision-making across large, diverse groups. The $CRUMB token also facilitates ecosystem growth through structured distribution and utility. By tackling key DAO challenges, CrumbsUp seeks to revolutionize the DAO landscape and unlock their disruptive potential. The platform's comprehensive features focus on simplifying DAO adoption and empowering their success.
Platform
The CrumbsUp platform provides end-to-end functionality for DAOs to manage their operations. Users can access a customized DAO space and connect their crypto wallets to participate. DAOs can configure their governance rules, structure types, voting timelines and member permissions.
Key features include:
- DAO Access and Management: Admins can setup and customize their DAO's space. Users can view info like guidelines, members and raise proposals.
- Proposals, Review & Voting: Users submit proposals which admins can review and approve. Community members can view, discuss and vote on active proposals.
- Intuitive Interface: The platform offers a user-friendly interface for members to participate in DAO activities. Customizable UI for personalized experience.
- Automated Processes: CrumbsUp automates manual tasks like voting, streamlining operations as DAOs scale.
- Data Analytics: Dashboards and reports provide insights into DAO activities and voting results. API access enables data retrieval.
Governance Types
CrumbsUp allows DAOs to choose different governance models based on their needs:
- Token-based: Voting power based on token holdings. Aligns influence with economic stake.
- Reputation-based: Members earn reputation through contributions. Rewards active participation.
- Liquid Democracy: Delegate votes to others with more expertise on specific topics.
- Futarchy: Use prediction markets to choose proposals with highest expected value.
- Quadratic Voting: Allocate votes non-linearly to better reflect preference intensities.
DAO governance has various approaches and CrumbsUp aims to provide options for customization aligned with a DAO's values and community.
Service Offering
CrumbsUp utilizes a token-based model with the native $CRUMB token on the Radix DLT. Key aspects include:
- Free Platform Access: Users can access CrumbsUp without fees, only network transaction costs apply.
- DAO Onboarding: Free to onboard DAOs, but minimum $CRUMB holdings required to create a DAO.
- Proposal Development: Free to create ideas, but $CRUMB "fuel" needed to release proposals. Aligns with $XRD price.
- Community Voting: Free for communities to vote on proposals. Encourages participation.
- Service Upgrades: DAOs can upgrade features for a defined $CRUMB fee, catering to diverse needs.
$CRUMB facilitates ecosystem growth by aligning incentives for usage without imposing excessive fees.
Tokenomics
The $CRUMB token has a fixed supply of 1 billion. Distribution:
- 52% for liquidity and ecosystem development.
- 10% for initial DEX listing.
- 10% distributed over 24 months to CrumbsNode stakers.
- 8% allocated to CrumbsUp founders, locked for 2 years.
- 20% burned.
Public sale enables broad access. Locked token portions ensure incentives aligned for growth. Distribution strategy fosters community ownership and engagement.
Team
CrumbsUp was founded by a team of 5 DLT enthusiasts based in Germany:
- Vinny - Leads NFT creation, designs, networking and steering for CrumbsUp. Organized first German Radix meetup.
- Nils - Key role in strategic decisions and utility development. Meetup co-organizer.
- Timo - Drives marketing initiatives to increase visibility and community engagement.
- Martin - Responsible for frontend development of CrumbsUp platform and solutions.
- Stephan - Leads backend development of core CrumbsUp platform and components.
The team aims to bring value to the Radix ecosystem, having been involved as investors and community members. Their ambition evolved into building CrumbsUp to address key DAO needs.
Vinny and Nils provide leadership, strategic direction and business development. Timo, Martin and Stephan contribute specialized skills in marketing, design and engineering. Together, the team combines a strong understanding of blockchain and passion for empowering the DAO space.