The teledisko DAO is the novel management model of teledisko, running as a tokenized and decentralized entity responsible for the real-world and on-chain business operations of teledisko 3.0.
On one hand teledisko runs a successful real-world business based on booth sales, rentals, and revenue generated from traffic at our globally distributed locations.
On the other hand, tokens ($BERLIN) play a crucial role in the DAO’s on-chain operations. $BERLIN tokens give access to ownership, governance, and dividends. The tokens are generated and distributed to teledisko contributors in exchange for the time they dedicate to the project.
The teledisko DAO is an extension of teledisko's commitment to its vision statement, upcycling traditional values and upgrading existing infrastructure to create fairer and more sustainable models. teledisko 3.0 already features state-of-the-art hardware and software built to deliver maximum enjoyment. in fun-sized discos.
Since 2016, teledisko has pioneered the development of the NEOKingdom DAO framework.
It is also the first use case of the fully legal and operational DAO set up in Estonia in 2022.
TELEDISKO DAO
At first glance, it looks like a funky, upcycled phone booth.
In reality, it is one of the most modern organizations in the world.
WHAT ARE DAO'S ?
DAOs (Decentralized Autonomous Organizations) are features of the emerging Web3, the user-centric next iteration of the internet. Web3 supports novel concepts and innovations based on codes, laws, and concepts defined by the imaginations of bright minds who conceive a fair, transparent, and free future.
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There are no more employees. Everybody contributing to teledisko’s success is called a ‘contributor’ with the option to become a stakeholder in the organisation. Also, they may benefit from its success.
02.
Contributors earn tokens based on the time they contribute and record in the project management module of our state-of-the-art open-source ERP system ODOO. Based on their contributions, tokens are minted and sent to contributors at the end of each month.
03.
It has a built-in mechanism to sell tokens for cash anytime to cover expenses such as rent, etc.
In the first step, contributors have to offer their tokens to their co-contributors for seven days for a fixed price of 1 Token = 1 Euro for fairness. If they do not sell the tokens in this first step, there is a 53-day window where they can offer the tokens on the secondary market at a price decided by the market.
Suppose the tokens remain unsold after the second step. In that case, teledisko DAO maintains a so-called 'trustworthiness reserve,' which redeems the token from the contributor at a ratio of 1 Token to 1 Euro. The cycle ends with the redeemed token burnt.
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All these processes are managed in a smart contract-based progressive web app available on desktop and mobile. All token transactions and voting are secure, transparent, and immutable. Transactions are signed and confirmed using the web3 wallet infrastructure.
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A contributor or impact investor may also choose to make monetary investments in return for tokens, as any organisation will also need some initial liquidity to cover expenses.
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At the end of the year, contributors vote on profit distribution and may earn dividends based on the profits of teledisko. A predefined amount of the profits will be committed to the trustworthiness reserve mentioned earlier to maintain liquidity and solvency.
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Following this simple principle, contributors can choose to own part of the organisation they create by holding their tokens. They may also participate in the decision-making and earn rewards at the end of the year. With these mechanisms in place, contributors are incentivised to perform and create value, as this will make their tokens desirable for secondary market participants.
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Secondary market traders may evaluate the organisation and the value its contributors create before purchasing tokens. Through a unique mechanism, this class of traders may claim part of the annual profit sharing as the tokens give them access to ownership and dividends.
HOW DOES THE TELEDISKO DAO OPERATE?
Contributors can choose to own part of the organization by holding $BERLIN tokens. They may also participate in decision-making and earn rewards at the end of the year. With these mechanisms in place, contributors are incentivised to create value, as this will make their tokens desirable in the open secondary market.
The Trustworthiness Reserve is a commitment by the teledisko DAO, used to store portions of annual profits and other monetary investments into teledisko. The reserve ensures the project maintains liquidity and solvency throughout at all times.
teledisko has a built-in mechanism for ecosystem members to exchange $BERLIN tokens for cash anytime to cover expenses such as rent, etc.
In the first step, contributors have to offer their tokens to co-contributors for seven days at a fair, fixed price of 1 Token to 1 Euro. If they do not sell the tokens in this first step, there is a 53-day window where they can offer the tokens on the secondary market at a price decided by the market.
Suppose the tokens remain unsold after the second step, teledisko DAO maintains a so-called 'Trustworthiness Reserve,' which redeems the token from the contributor at a 1 $BERLIN to 1 Euro ratio. The cycle ends with the redeemed tokens burnt.
teledisko DAO is the first use case and the MVP of the NEOKingdom DAO framework. As such, teledisko DAO is a major token holder in the NEOKingdom DAO.
Fully operational since 2022, teledisko has been a core contributor to building a legally compliant framework that incorporates its DAOs in Estonia, one of the most digitally advanced nations in the world. It also has a legal system that complies with European regulations.
All the smart contracts deployed to securely run the teledisko DAO have undergone two rounds of independent security audits.
Furthermore, the entire token model associated with teledisko DAO has been analyzed by one of the Big Four accounting firms. The analysis established that the teledisko $BERLIN token is not considered a security under the current European MICA regulation.
TELEDISKO DAO USES THE NEOKINGDOM FRAMEWORK FOR LEGAL COMPLIANCE
OUR MOST VALUABLE ASSET AS HUMANS IS OUR OWN LIFETIME.
Contributors are investing their valuable lifetime into something they are passionate about. The tokens minted for the value they add are precious and exclusive. The only way anyone can get their hands on a teledisko token is if a contributor who earned it is willing to sell.
The teledisko token is named after our home: BERLIN.
BERLIN Token will start trading in Summer 2024. Anyone interested in the success and opportunity of teledisko 3.0 and teledisko DAO can apply to be added to the early adopters list.
