**The perfect tokenomics lies in quantifiably rewarding all maintainers who contribute to the current system in an absolutely fair and transparent manner.——@0xJamesXXX **

TL;DR：

• The innovative “Proof of Tweet” model. By following, you are participating in the JamesDAO mining activity, and every user who follows will become a mining node of the JamesDAO tokenomics.
• Referring to BTC’s POW mining model, the total number of nodes is set to 21,000 (corresponding to a total of 21,000,000 bitcoins), i.e. when the total number of true followers reaches 21,000, a snapshot of the Twitter Follower list will be taken and the distribution of JamesDAO tokens will be launched.
• The number of JamesDAO tokens received by each Twitter account is distributed based on the share of “network-wide mining power” occupied by the account’s “mining power”.
• Twitter: @0xJamesXXX account and YouTube: ChainTide.eth All revenue generated by the channel will be credited to JamesDAO’s treasury wallet, and the community will decide what to do with the treasury funds after the JamesDAO token distribution is complete.

Preface

The main reason for Bitcoin’s success as the most successful blockchain cryptocurrency of the day is that its unique POW mechanism has built a near-perfect, quantifiable system that rewards all participants who contribute to the operation and development of the Bitcoin network in an absolutely fair and transparent manner.

The problem with the vast majority of blockchain projects’ Tokenomics is that the founding team will choose institutions to raise funds in order to ensure the initial capital for team operation, while the participation and contribution of the institution itself to the project does not necessarily correspond to its token shares, so many institutions will choose to sell in the secondary market, and do not really contribute to the development of the project in the long term.

The problem with the hottest fundraising DAOs today is that they require a high upfront investment to obtain the corresponding DAO tokens, and the profit model for DAO members is mainly dependent on the increase in the price of the DAO platform tokens after the end of the contribution, and there is no way to fairly reward the members who really made special contributions to the DAO.

Based on the above-mentioned problems and the inspiration of the BTC POW consensus mechanism, @0xJamesXXX designed JamesDAO’s innovative 0 cost investment “Twitter as Mining” Fair Lunch model, in order to achieve the purpose of stimulating the direct development of JamesDAO social platform traffic, with Followers ( JamesDAO members) to grow together and share the benefits gained in the Web 3.0 wave in the form of DAO, so that all DAO members can directly benefit from the process of maintaining and promoting the development of JamesDAO.

This will be a very exploratory and experimental innovation in the wave of Web3.0 development and create the first SocialFi DAO model. Of course, the risk of failure of such an experimental project is also high, but the good thing is that it does not require JamesDAO members to pay any capital cost upfront, so I hope everyone will participate enthusiastically and look forward to the results of this Web3.0 experiment together.

JamesDAO Growth Logic

As we all know, the number of followers of a social media account and its community cohesiveness is the main support of its business value. This logic is especially prominent in the cryptocurrency industry. The number of followers and the quality of interaction of any blogger and institution (collectively referred to as KOL in the latter part of the article) corresponds to its influence and corresponding business value in the industry. The greater the influence of a KOL, the more advertising revenue and other resources (investment opportunity, NFT whitelist) it will receive in the industry.

Therefore, is it possible to make a KOL one of the highest traffic accounts in the cryptocurrency industry by relying on the contributions of all members (Followers) in the form of a DAO?

DAO members can also “mine” DAO passes at no cost by chronological “ following”, retweeting, and their own accumulated influence (number of followers). Because these DAO members are like bitcoin miners, the early joiners have less competition but take on the greater responsibility of promoting the bitcoin consensus, so they will recoup their rewards while maintaining the smooth and secure operation of the bitcoin network throughout the development and growth of the bitcoin consensus.

In JamesDAO, in the process of traffic boosting and consensus promotion, all members contribute to the development of JamesDAO by their own “counting power” (influence), and then we calculate this contribution in a fair,  transparent, and quantifiable mode to distribute JamesDAO token incentives. In addition to voting rights in the subsequent governance of the DAO, JamesDAO token holders will also receive a share of the direct business revenue generated by JamesDAO, share the outcomes of the DAO’s operation, and benefit from the growth together.

Tokenomics + Node Mining Rules

• The total number of JamesDAO tokens is 21,000,000, the mining power of each node = Follow time chronological factor x Followers number factor x Retweet number factor. 21,000 nodes’ mining power sum is the corresponding network-wide arithmetic of JamesDAO.When the number of nodes reaches 21,000, the 21,000,000 JamesDAO tokens are distributed relying on the share of network-wide mining power occupied by each node, and the @0xJamesXXX account mining power also follows this rule.

(possibility exists to set aside 10% (2,100,000) for CultDAO investments)

• Following Chronological Factor: the factor of the first 20,501-21,000 followers is 1, every 500 people for a group, each previous group factor increased by 10%, that is, 20,001-20,500 coefficient is 1.1, 19,500-20,000 coefficient is 1.21, and so on, the first 1-500 coefficient is 1.1 ^ 41 = 49.79 and the @0xJamesXXX account as follower number 0 has a chronological factor of 49.79 x 1.1 = 54.76.

• Followers Number Factor: The number of Followers per node account at the snapshot also determines the mining power. The larger the number of Followers, the higher the corresponding mining node factor. The first level corresponds to 200 followers, the factor of having 1-200followers is 1, after that the number of each interval will be multiplied by 2, and the factor increases by 50%. That is, the factor of the account with (400 intervals) 201-600 followers is 1.05, the coefficient of the account with (800 intervals) 601-1400 followers is 1.2^2 = 2.25, and so on, with no cap.

• Retweet number factor: The number of Retweets of @0xJamesDAO per node account at snapshot also determines the node’s mining power, the more Retweets, the higher the corresponding mining power. The first level factor corresponds to 5 Retweets, the factor for Retweet 1-5 times is 1, after that the number of each interval will be multiplied by 2, and the factor increases by 100%. The factor for Retweet 6-15 times is 2, the factor for Retweet 16-35 times is 4, and the factor for Retweet 36-75 times is 8. And 8 is the cap for the Retweet number factor.  The factor for @0xJamesXXX account is calculated using the number of content posted to correspond to the interval.

• Early Followers Member Bonus: When JamesDAO’s whitepaper was released, the @0xJamesXXX account had 333 Followers. To thank these OG members for their early support, their mining counts will be increased by 10% based on the above rule.

• In the follow-up will add certain filtering rules to determine whether Followers are Twitter accounts used by real people, and will use tools such as Twitter Analytics to eliminate as much as possible the degree of influence of bot accounts on mining.

Related Risks

• Pre-investment risk: None, as it does not require any capital investment from DAO members. However, after the tokens go online in the secondary market, the following types of extreme risk situations may arise, and we hope you will understand them in advance.
• JamesDAO account relies on the centralized Twitter and  YouTube, so there is the risk of centralized platform restrictions, such as limiting the flow and blocking. This type of risk is relatively unpredictable, and we can only say that we will minimize this possibility for the benefit of individuals and the DAO as a whole, but there is definitely an experimental risk that cannot be ignored.
• JamesDAO, in the early stage (before opening the on-chain DAO voting governance),  is still a DAO platform that relies on a centralized team (individuals) to run, there may be many problems with operational efficiency and centralized decision-making, and will use Twitter’s voting function as much as possible to solve some of the early community consensus issues. For example, whether to modify the DAO and token name, the choice of other social platforms, and the use of revenue funds in the early stages.
• The most fundamental experimental risk: JamesDAO’s model is a new social experiment in the web 3.0 era, and there is a high probability of failure, such as no way to reach the key metric of 21,000 followers. If the experiment fails, JamesDAO will reward members who contribute to the development of JamesDAO in other forms whenever possible, but no specific rules can be guaranteed.****