User participation and feedback submission are important in any business or organization. By engaging their fan base and allowing them to participate in processes, businesses can collect valuable data and feedback that can be used to improve products, services, and overall operations. For example, if sport clubs allow fans to make decisions, game participation will likely be higher and sales better. Also, if an established brand like Starbucks was free to conduct a survey, receiving direct feedback from their clients on what flavor of coffee lacks in a particular region, a new flavor would most likely emerge. As this observation demonstrates, feedback is critical for product improvement and service delivery. While feedback submission is key, currently, there are no secure mechanisms for restaurants, sporting clubs, organizations, and other businesses to freely interact with their users; cutting out valuable feedback and engagement.
KAIF DAO Platform is the world’s first Vote-to-Earn platform to provide a mechanism for fans of burger houses, beverage producers, hotel chains, sport clubs or other businesses, to freely submit feedback and participate in decision making. By adhering to the principle of user participation, KAIF DAO is offering a hierarchy-free communication for users of products or consumers of services to freely submit feedback enhancing engagement and quality. The German auto racing team, PHM Racing, is the latest sporting club, joining DSV LEOBEN soccer club.
The KAIF DAO allows fans to directly engage with their favorite organizations, which can be sporting clubs or beverage producers, through voting, activities, and proposals. To incentivize participation, users who vote, submit proposals, or participate in platform-initiated activities are paid either with fiat money or the DAO native token. Since participation adheres to the principles of the DAO, every vote counts.
Businesses can build an active community of members through the KAIF DAO platform. On the other hand, fans, who are token holders, can vote to determine the development direction of the project through their DAO. In this way, communal participation is encouraged as fans are incentivized to vote, influencing decision making. Funds received by token holders on voting can be exchanged for other products or services listed via the KAIF Marketplace.
DAOs are a new trend. By early 2022, there were over 4,000 unique DAOs anchored on popular smart contracting platforms like Ethereum and Binance Smart Chain (BSC). These governance systems democratize the management structure for adopting businesses and projects. Since DAO token holders are often fans of the project and each token confers voting rights; platform development tends to be faster and more wholesome. Therefore, considering the autonomy given by DAOs, a platform that opts to integrate this blockchain-driven solution will have the edge over those that don’t. Subsequently, for DAO-guided projects on the KAIF DAO platform, their products are more popular and attract more capital.
Ahead of the KAIF DAO IDO scheduled for the end of 2022, there is a pre-IDO whitelist and community sale round. Interested users from jurisdictions where crypto has been banned can purchase IP Shares instead of the KAIF token. The platform plans to release a mobile application and also sign more partners. By the close of 2023, KAIF DAO would have launched the marketplace and a metaverse. Stay tuned with KAIF DAO platform social media to keep updated.
