dao5

dao5 is an experimental cryptocurrency investment fund that is transitioning into a decentralized autonomous organization (DAO). Upon this conversion, dao5 tokens will be minted and distributed to the fund's investment team, advisory board, and portfolio company founders. A portion of the general partner’s assets will be moved to an on-chain treasury, owned and governed by dao5 tokenholders.

The primary objective of dao5 is to empower portfolio founders to co-manage a treasury of strategic assets, with future decisions determined entirely by dao5 tokenholder governance. As a DAO, dao5 will not have a pre-defined mandate but will continuously evolve to meet the needs of the decentralized economy.

dao5 upholds five core values:

1. Incentive Alignment: Portfolio founders will receive dao5 tokens, fostering a collaborative community through economic cross-pollination.
2. Meritocracy: Contributors submitting successful investment proposals will be rewarded in proportion to their economic contribution.
3. Privacy: dao5 values individual and financial privacy, working with pseudonymous advisors and investing in projects led by pseudonymous founders, while avoiding surveillance technologies.
4. Dunbar’s Number: Unlike some DAOs that aim for a large membership, dao5’s governance will be tightly held by a select, aligned group.
5. Occam’s Razor: Emphasizing simplicity and decentralization, as quoted by George Hotz.

dao5's approach represents a blend of strategic asset management, privacy, meritocracy, and a focus on simplicity and decentralization in the evolving world of DAOs and cryptocurrency.