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cryptswahili · 6 years ago

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Why We Decided to Move on From the Aragon Nest Program and Do a Token Sale

Back in the Summer of 2018, we stood at crossroads evaluating which path will help Wetonomy grow to the project we all envision. On one hand, we had the possibility of raising more capital through a token sale. On the other hand, we could join a bigger ecosystem and grow within their community and framework. Still, at an early stage, and with initial investment secured the most logical step was to partner with Aragon — a project that shares our vision for the #FutureOfWork and provides a good foundation to build upon.

We were wrong and this article will explain why.

Avoiding the distraction of a token sale

As the work on the Wetonomy model started back in 2014, the ICO gold rush of 2017 was just an episode we watched closely but never steered towards participating in it.

In its essence, Wetonomy is an operational framework for structuring Decentralized Autonomous Organizations, based on the concept of High-Risk Automated Debt (HRAD). It is backward-compatible with the existing legal and social concepts and can be implemented in any existing company as an employee engagement tool or to serve as the foundation for a true DAO based on a cooperative legal entity.

This idea quickly gained traction and in 2018 we managed to raise 370,000 euro in debt funding for the Comrade cooperative from private investors (excluding the grant from Aragon Nest). Most of this funding was for running the cooperative itself and for our other projects, like ScyNet. At the same time, the funding mechanism was done through the HRAD model, which clearly validated the central role of the Wetonomy platform for the whole cooperative.

Wetonomy has always supposed to be open-source, but the platform has also a working business model of taking a small cut of the token inflation in each Wetonomy instance. Therefore, our priority was to build the product rather than doing a public token sale.

Joining forces with Aragon

While we decided to focus on building an organization and a product, instead of selling tokens, we saw many valuable projects raising significant capital through ICO campaigns. All these projects were promising to become the “de facto” hubs of their respective domains. It is logical that in order to do so, they will have to deploy a significant amount of the funds raised to bootstrap their user and contributor communities.

Since Wetonomy is an operational framework, it’s relatively agnostic of its technical implementation (as long as it’s blockchain based). It became obvious that our strategy should be to partner with a platform provider and join a bigger ecosystem — even if that meant not doing a token sale. We made that decision hoping that if we help another platform grow, our contribution will be appreciated.

That’s why in the summer of 2018 we decided to join the Aragon Nest program.

Turning Point

We envisioned a partnership where we would build trust by providing the best open-source software we could. After all, our goal to allow everyone to build human-centric organizations on the Blockchain was at stake. Furthermore, we were willing to invest all our means and efforts to build upon new technology and grow our partner’s community.

In return, we were expecting certainty and the same commitment that would provide us with enough support to reach our goal and finalize the Wetonomy framework — something we expected from our partner that didn’t happen.

Once we joined the Nest program it soon became clear that we would be participating in a foot-race, without knowing if we had to run barefoot or not. We saw inconsistencies in the funding mechanism that could potentially put all the contributor community in jeopardy. Hence, we couldn’t afford to build Wetonomy doubting what would be our partner’s next steps.

The path forward

The decision to do a token sale or join the community of another platform has many tradeoffs and a lot of our initial assumptions have changed since we initially took the decision to join the Nest program. That’s why we’ve decided to move on from Aragon Nest — striving to achieve the full potential of our project.

From a technical standpoint we will implement a separate Blockchain for Wetonomy with Tendermint consensus. This will provide a significant boost in the transaction throughput and speed as well as free us from the gas limits of Ethereum.

The main advantage of this approach is that Tendermint will allow us to implement our state machine in an arbitrary language, rather than sticking with the limitations of the EVM and Solidity. We have already drafted a smart-contract framework in C# (.NET Code) that facilitates message forwarding, Access Control Lists, and upgradeability.

As all the code will be open-source, everyone will be able to run a Wetonomy instance with a custom set of blockchain validators (using delegated PoS, over custom token). On the other hand, most organizations will probably prefer to use an already established network of validators with a stake in the platform.

That’s why we will also establish the Wetonomy Network — a special-purpose blockchain for validating Wetonomy instance transactions. A utility token will be used for establishing a delegated PoS consensus and the validators will be remunerated proportionately with HRAD tokens from the Wetonomy instances within the network.

Even though we will have a dedicated blockchain for the transaction validation, we should also enable payments also in other crypto-currencies. The Cosmos ecosystem provides a very effective and elegant way to do this, by utilizing their Inter Blockchain Communication (IBC) mechanism. In that regard, we will focus on integrating with both Ethereum and Aeternity, with the latter being investors and valuable partners of the Comrade Cooperative.

To conclude, we would like to express our appreciation for the work and vision of the Aragon project. We believe that both, Wetonomy and Aragon, will contribute to developing the DAO ecosystem and accelerate the mainstream adoption.

Join us on Discord to discuss Wetonomy and keep yourself posted about how we progress. And follow our publication on Medium for more project updates.

Originally published at wetonomy.com on January 29, 2019.

Why We Decided to Move on From the Aragon Nest Program and Do a Token Sale was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

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gaminghardware0 · 6 years ago

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Metro developer says PC will “always be at the heart of our plans” after forum controversy

February 3, 2019 4A Games has issued a statement in response to the controversy over a developer's forum post.

Metro Exodus has been the subject of gamer ire since Deep Silver and Koch Media’s surprise announcement that the game would be an Epic Games Store timed exclusive just a month before its launch. Now, a 4A Games developer’s forum post has sparked additional controversy by suggesting that if PC players boycott Exodus over the move away from Steam, the next Metro game might skip PC altogether. A 4A Games developer who goes by ‘scynet’ on the Gaminator forums posted their thoughts about a proposed Metro Exodus boycott over its move from Steam to the Epic Games Store. An English version of his post, translated by Google, contains phrases that have angered gamers on Steam’s forums and Reddit. The post mentions the review-bombings of Metro 2033 and Metro Exodus that have emerged since the Epic Games Store exclusivity deal was announced, and the developer says that while players might think “it will make the world better” by putting “greedy developers in their place,” that what might happen “in a pinch” is that the next time the studio makes a Metro game, would definitely not come to PC. from https://www.pcgamesn.com/metro-exodus/4A-responds-to-forum-controversy

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terryblount · 6 years ago

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4A Games developer: If Metro Exodus does not sell on the PC, the next Metro will not come out for it

Last month, Deep Silver announced that Metro Exodus will be a timed-exclusive title on Epic’s digital store for the PC. Obviously, this frustrated a number of PC gamers – with some review bombing both Metro 2033 and Metro Last Light on Steam – and on Gameru’s forum, a 4A Games developer has expressed his feelings toward this whole situation.

This 4A Games developer with the nickname “scynet” admitted that it was a sudden decision to announce the timed-exclusive deal with Epic Games only one month prior to the game’s release and that it could cause some inconvenience to players. Scynet also claimed that those that decide to pirate the game would have done so, regardless of this timed-exclusive deal, and those are not the players that the developers target.

However, the developer went one step further and stated that if all PC gamers boycott Metro Exodus then the next Metro game (if there is one mind you) will not come out on the PC. Now I’m pretty sure that the developer was exaggerating here but it begs the question; how many PC sales can guarantee the continuation of the Metro franchise on the PC?

Of course, this is the opinion of only one developer and not of the entire studio or the publisher, however it shows how nervous some of 4A Games’ developers actually are. And, to be honest, we all know that the publisher actually makes the final decision. If the publisher wants to release a game on the PC, the developers will either have to develop it or let another team handle that version.

Scynet also stated that 4A Games is currently putting the final touches to the PC version of Metro Exodus, which is currently scheduled for a February 15th release!

4A Games developer: If Metro Exodus does not sell on the PC, the next Metro will not come out for it published first on https://touchgen.tumblr.com/

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