I have something to share with you bizfam. Will try to explain it as simple as possible/less time consuming for those, who will read.
The gem:
The project is called Daostack ($GEN). Many of you will know what happened to the ones, who invested in it during 2018.
There was drama around it, but do not let this distract you.
$GEN is the Ether for Daostack, meaning it is gas - the token is used for transactions, decisions, etc . (Ethereum has Ether and Daostack has Gen).
Highly suggest to read this article to get an understanding on how things work:
medium.com
Daostack is a Wix.com for DAOs, meaning everybody can create their own DAO through Alchemy Earth, a platform.
Polkadot used Daostack for its DAO (PolkaDAO) before the launch of Kusama Network, Kyber Network uses it and many more.
Will have to split this into 2 posts, as there is a limit in signs.
To the Redpill:
Dr. Gavin Wood, the genius behind Ethereum (ex-CTO of Ethereum), Polkadot, Kusama Network, GridSingularity (Energy Web Foundation $EWT).
Why do Polkadot and Kusama have such names?
The name Kusama came from Yayoi Kusama - a Japanese contemporary artist, an innovator, which changed the perception of modern art, a living legend of pop art.
Polkadot - Yayoi Kusama came to public attention, when she organized a series ofhappeningsin which naked participants were painted with brightly colored*polka dots*.
Will have to split this into two posts, 2nd one below.
