eosDAC

The Community-Owned EOS Block Producer

and DAC Enabler

Watch this simple one-minute video explainer to find out more about eosDAC

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EOS.io Software

The EOSIO Software being developed by Block.one facilitates the first highly scalable smart contract blockchains, with transaction fees covered through small levels of token inflation. This allows the development of genuinely scalable decentralised applications, and online/onblock businesses which are owned by their communities.

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EOS Block-Production

Instead of ‘mining’ on the Proof-of-Work algorithm like Bitcoin and Ethereum, EOSIO blockchains use the Delegated Proof of Stake algorithm, whereby token holders vote in 21 main block producers and reserve producers. These block producers require major infrastructure to handle enterprise class decentralised applications and need to be significant entities capable of scaling as required. Block producers are paid through the limited inflation of EOS tokens in circulation.

Introducing the Decentralised Autonomous Community (DAC)

A Decentralised Autonomous Community (DAC) is governed by its constitution, which is encoded in smart contracts on the blockchain. This revolutionary way of bringing a community together as a cooperative is made possible by the EOS software. The DAC is controlled by its token holders and the board members they vote to run its operations.

The Community-owned EOS Block Producer

It is the vision of eosDAC that EOS.IO block production should be open for everyone to contribute and benefit. To realise this vision, eosDAC is an evolving Decentralised Autonomous Community (DAC) focused on EOS.IO Block Production serving the EOS communities worldwide. In doing this, eosDAC is creating the tools and smart contracts it needs to function. It will share these with the EOS communities to help other DACs thrive on the EOS.IO blockchains.

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eosDAC is creating a DAC on the EOS blockchain, until then eosDAC is being run by its Team. eosDAC has spent most of the time since the EOS mainnet launch in June 2018 as an active block producer, meaning we have been continuously elected by the EOS community to be one of the 21 block producers on the chain.

eosDAC Tokens:

Majority-Owned by the EOS Community

eosDAC tokens were airdropped at a rate of 1:1 to the EOS token holders as of the 15th April 2018. The rest of the tokens were given to the Launch Team, Advisors, Community Supporters whose contribution of time, energy, and financial resources eosDAC would not have come into existence.

You can use our beta Token Explorer to check balances and transfers of the EOSDAC token on chain, holding accounts, as well as the current market price and volume.

eosDAC Network Architecture

The key object has been to achieve a wide geographic and jurisdictional coverage with block-production infrastructure deployed in the United Kingdom, Romania and South Korea. The Launch Team will continue to use its considerable experience of high-level data centre operation and Tier 1 inter networking design & implementation to ensure shortest latency, maximum efficiency and solid redundancy within our network architecture.

eosDAC Core Principles
(Code Of Conduct)

Excellence of Service Provision

The primary objective of eosDAC is to ensure that it is able to continuously produce blocks required by EOS.IO software driven blockchains.

Openness and Transparency

All decisions made by the eosDAC governance structures and all operations of eosDAC will be open and transparent.

Support of EOS Communities Worldwide

We want EOS.IO blockchains to flourish so we will engage with EOS communities with a view to initiating and supporting projects that benefit all EOS.IO blockchain communities. This will include tools for other DACs.

Fairness

eosDAC will treat all members fairly and reward contributions appropriately. No one member should have less information about a decision than others.

Independence

eosDAC will not seek any significant stake in, or undue influence over, other block producers. It will also take appropriate measures to protect its own independence.

Electoral Fraud

eosDAC will never provide payment for votes from EOS token holders.

eosDAC Launch Team

After the DAC is launched on the EOS blockchain in June 2018, eosDAC will be a Decentralised Autonomous Community, run by its token holders. eosDAC token holders may or may not choose to vote for this team, or a combination of this team and new members, to continue eosDAC’s operations.

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Rob Allen

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Michael Yeates

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Luke Stokes

Since the middle of 2017, Luke has been a block-producing witness on the STEEM blockchain. He bought his first bitcoin in January of 2013 and has been passionate about cryptocurrency and decentralization ever since. In 2007, he co-founded and built the ecommerce shopping cart platform FoxyCart.com which he sold to his business partner in 2018 to focus full-time on the blockchain space.

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Will Stephens

Serial entrepreneur from childhood, Will started his career as Sales Director for one of UK’s leading Internet Backbone Networks, before going on to be founder, director, consultant and founding shareholder of many start-ups in the realms of web-hosting, linux open source software and healthcare, including a leading plant-based pharmaceutical company currently valued at over $3BN on NASDAQ.

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Ravi Bahadursingh

Ravi has over 20 years of legal experience, particularly in the areas of corporate, commercial and financial law. Ravi has an LLM in International Economic Law and has considerable experience with in-depth cross border litigation. He was involved professionally with the legal issues facing some of the earliest financial cryptography efforts (DigiGold, E-gold) and is currently working with the Government of Anguilla to introduce ICO regulation, and therefore is ideally placed to advise eosDAC on its ‘off-chain’ interface with the current legal, financial and regulatory systems.

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Daniel Harris

Daniel sold his first company, Cerbernet, an ISP, in 2000 for 4M GBP. Since then he has been leading the nonprofit open source music/media research alliance, Kendraio – aiming to drive interoperability between and within every link in the content value chain. Having raised over 1M EUR in research grants, Kendraio is funded into 2020. Daniel currently project manages Kendraio App development and is also researching blockchains for the music/media industry.
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SungHwan Won

• SungHwan has over 21 years of IT, Security and Business Excellence(LEAN) experience. He was a globally experienced and highly accomplished ISIT & Project Executive with a success in key leadership roles for one of the world’s top multinational CPG companies. Breadth of experience across both small-scale operations and larger developed businesses bringing a unique combination of entrepreneurial and corporate skills.
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Soyoung Kim

Soyoung is passionate about using arts & humanities to pursue the building of bridges across cultures. Having localised some of the world’s best-selling video games,she has also helped various online and offline communities to grow by motivating and bringing people together and is working to do the same within the Korean EOS community.

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Cris Pak

Cris works in graphic design and is a representative for promoting eosDAC within the Korean community. Cris is a highly valued member of the Korean EOS community and is passionate about EOS technology, its ecosystem and philosophy.

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Sunny Kim

Sunny is a pioneering spirit in technology and culture, who has successfully worked on worldwide release of some of the major titles for the Video Games industry. An innovative figure whose background is multicultural as well as diverse, Sunny is dedicated in giving life to the vision of how technology can benefit humanity. Sunny has previously helped in the designing, launch and establishment of online communities. Sunny is leading eosDAC’s interaction with the Korean EOS community and its social media channels.

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Andrew Furmanczyk

Andrew built a YouTube channel, website, and online community with over 350K subscribers that has reached over 45M learners. He has a broad knowledge base with skills in, education, media production, photography, business development, public speaking, finance, project management, entrepreneurship, and has been a crypto-enthusiast since 2014. He’s spoken on education at the San Francisco Music Technology Summit, appeared in Forbes, and Exhibited at CES.

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Abe Stupple-Harris

Abe has a degree in music and business from the University of Westminster and specialises in intermediation in creative industries. Abe is also a music producer and project manager at Kendraio, an open source software developer dedicated to improving copyright infrastructure. He is excited to help bring eosDAC to the attention of the EOS community at large through all the key english-speaking social media channels.

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Sebastian Stephens

Sebastian built what was at the time Europe’s largest private Data network through 18 countries, which was sold to Cable & Wireless in 1999. In 2000 he moved to the Caribbean, where he spent 8 years building the Southern Caribbean Fibre Network. Today his main focus is SubSea Networks, an undersea cable provider specialising in cost effective & innovative network construction.

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Alexander Soskin

Alex has twenty years experience in the film and TV industry, work ranging from Oscar nominated movies to Emmy award winning tv series. He has extensive knowledge of AVID media composer, Final Cut Pro and Adobe Premier along with most online picture and sound post production. A native Londoner, Alex moved to Los Angeles twelve years ago, where he lives with his wife and two daughters.

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Gordon Hill

Gordon is a self-taught marketing, development and project manager who works day to day developing payment, ecommerce and marketing solutions. He recently pioneered a custom built system to allow Bitcoin and AltCoin payments through niche markets increasing their overall use by 300%. He runs a team of permanent and temporary staff comprising of content writers, researchers, graphic designers, developers and social media engineers. Since joining his current company in 2011 revenue has gone from 2M to 10M a year.

BIO PIC 2018

Mike Q Hainsworth

Mike Q has been working within Internet and communications since 1996. He had a brief spell working in the finance sector rating Russian banks in Moscow during the early 2000s. He has held management and director roles within start ups and large corporates. Currently Mike Q is the MD of Incommsec Ltd an infrastructure and cyber security solutions provider, he is also a property investor and GDPR Practitioner.

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Nasreen Bahadursingh

Nasreen is a law graduate from University College London, University of London and a Barrister at Lincoln’s Inn. She has worked in the field of Corporate Management for a number of years specifically dealing with international business companies. She has followed the drafting and enactment of the Anguilla Utility Token Offerings Act with active interest and is passionate about the applications of the blockchain enterprises. Nasreen is the Managing Director of eosDAC Ltd.