LXDAO new mission and direction

Mission, Core Values, and Storyline of LXDAO

Previous: Bringing together buidlers to buidl and maintain “LX” (Valuable) projects for Web3, in a sustainable manner.

New: Gather the power of buidlers to buidl and support “LX” (valuable) Web3 projects sustainably and welcome 1 billion users into Web3.

Chinese version: 汇聚建设者的力量，可持续地构建和支持有良心的 Web3 项目，迎接 10 亿用户进入 Web3。

Explanation:

• “LX” is our Core Value and strongest consensus.
• Gather the power of builders based on DAO.
• Focus on R&D in Web3.
• Buidl and support valuable projects. Support might be technical and/or financial.
• It must be sustainable.
• Onboarding buidlers first by education and collaboration on Open Source projects, then onboarding users into Web3 through these projects.

Positioning

• The LX Buidler Community is built on DAO principles, including developers, operations, designers, project managers, investors, and more.
• As a Web3 Native community, we prioritize and implement DAO rules and value decentralization.
• We focus on building and supporting Public Goods and Open Source projects. To collaborate with LXDAO, ensure that the project is Open Source.
• Onboarding new buidlers or users into Web3 by using projects.
• We provide R&D support and elastic buidling power to the DAO network, as a link between foundations and buidlers, and between different DAOs.
• As a forerunner for introducing DAO (new life and working styles) into the real world, build what is currently missing.

Key Projects and Focus for the Next One or Two Years:

• LXDAO: Decentralized DAO governance, DAO Tools, and Smart Contracts for more efficient operations, including Buidler management, onboarding, public events management, fair voting, new R&D PoW system, fair rewards sharing, and more. We will provide a clear guide for getting involved, contributing to LXDAO, and achieving our missions. We will also design tokenomics that support Buidlers and Web3, striving for sustainability. Additionally, we will register legal entities.
• Education: Our education initiatives will include the MyFirst series, EIPs Fun, online tutorials for buidlers and school students, open-source books, workshops, and more. Our primary focus will be onboarding buidlers first, and then onboarding users.
• Building and Supporting Public Goods and Open Source: We will create tech innovation Web3 native projects, provide builders with suitable soil for growth, and support essential Web3 projects using funds or dev power.

Additional notes for sustainability questions

When considering sustainability, there are two key aspects: DAO, Builders, and Community sustainability, which is the most important, and financial sustainability.

For the sustainability of the DAO

Establishing a strong consensus, such as “LX,” is crucial to attract more people to join. Many early builders who joined are not for profit reasons (of course, they deserve rewards).

A solid consensus (LX) is why many OGs are willing to help us. Losing or changing our consensus and core values could lead to a split in the community.

So we need to stick with our consensus, have clear DAO rules, Smart Contract-based DAO Tools, and a fair PoW system for sharing rewards, it should be built to encourage contributions and bring the supporters we want. Creating useful and valuable products that increase our influence in Web3 and provide real-world value is also essential.

Bad case: PandaDAO, supporters want profits, and the core team wants to buidl, then closed.

For financial sustainability

Establishing clear positioning and striving for excellence is important to attract supporters. For example, building a commercial profitable product can attract VCs, and building Open Source and Public Goods may require support from foundations or OGs who share our values.

The worst case is sometimes building public goods and not very profitable to attract VCs and sometimes building profitable products (which might go against our Core values) and foundations or OGs not feeling right to support. And you cannot get any support. In this bear market, fewer users, and it is harder to make profits.

At this stage, we have verified that the DAO works but needs improvement, so we will seek funding for governance, tools, supporting builders, supporting Public Goods, and cold start projects. We will also seek grants for each project to cover building costs and design sustainability strategies. With impact and reputation growing, this will be easier. Also, don’t forget we will have Token, well-designed tokenomics plus good reputations that will attract more supporters for our sustainability issues in the future.