The multi-chain DAO builder XDAO has officially launched a new module PAYROLL, which allows DAO projects to automatically pay wages, and each address only needs to set the salary table once. Also, any DAO member or contributor can share payroll links etc.
XDAO is a unique tool for creating Decentralized Autonomous Organizations (DAOs) and jointly managing crypto assets in just a few clicks.
0x01 What XDAO can offer you?
Complex Multi-signature Wallet— DAO, designed using modules.
Full-cycle IDO, Launchpad, Accelerator platform for Organizations (investment promotion, crowdfunding, public and private sales).
0x02 What problem does XDAO solve?
In the DeFi market, there are no effective and convenient tools for companies and projects to invest in decentralized protocols as a joint entity.
In XDAO a group of people can easily create a Decentralized Autonomous Organization, deposit crypto assets, manage them by voting, sell DAO shares and directly interact with DeFi protocols.
In short, XDAO is a fully customizable tool that can be used for treasury management, multisig wallet and the platform for investment. DAOs on XDAO can be any-sized companies.
0x03 Who can use XDAO?
- Venture Capital Funds;
- Asset Management Companies;
- Public funds and foundations;
- Startups;
- DeFi projects;
- Freelance groups;
- NFT owners
- GameFi Guilds.
0x04What can be implemented with XDAO?
- Full or partial management of the DeFi project treasury;
- Salary treasury/marketing treasury for any blockchain organization;
- Grant program/bug bounty treasury;
- Investing in DeFi with total assets;
- Investing in NFT and GameFi;
- Charity;
- Joint participation in any Allocations, IDO, Launchpad;
- Family treasury management and many other use cases.
0x01 Abstract
- Many DAOs pay salaries on a monthly basis to their permanent employees and on a contractual basis to their contributors
- To keep track of this workflow and make sure that all participants receive their paychecks on time, we need additional oversight or an accountant. But where to find the time for it? Usually, DAOs are very busy and their human resources are limited.
- Imagine if there was a mechanism that monitored payroll without any third-party involvement. The mechanism itself: • counts payments • stops the payout after the contract is terminated • gives the ability to claim an employee’s current salary at any time!
- You’re in luck! XDAO Payroll Module was created specifically for that. Your DAO can pay salaries automatically. While it is needed to set up a payroll for a each address only once.
- Share a payroll link with the DAO’s employee/contributor. He/she can now claim the payment anytime. Moreover, any DAO member can activate this payroll in case the recipient is out of money on gas.
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