“Decentralized Autonomous Organization” designates a system where the rules of governance are fully automated and do not, in principle, need any human intervention.This organization is therefore based on the principle of “trustless”. This makes it possible to completely eliminate the notion of trust in a third party. Within a DAO, it is therefore the code that makes the law (code is law). The operating rules are written into smart contracts within a blockchain, making them immutable and transparent.
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Decentralization allows you not to have a trusted third party and to be in control of your assets. It brings security and confidence. Technically, the network nodes of a blockchain allow transactions to be validated across the world.
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A protocol is the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain.
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Fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit.
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Cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. The exchanges take place on a decentralized network, in peer-to-peer, thanks to Distributed Ledger Technologies (DLT) such as blockchain.
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IT protocol of the type “if this happens, then it happens and vice versa”. A smart contract is a computer protocol intended to facilitate, verify or enforce a contract on the blockchain without third parties.
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A technology for storing and certifying data. It takes the form of a huge database made up of blocks, which are cryptographically linked to each other.
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A token is A digital unit designed with utility in mind, providing access and use of a larger crypto economic system.
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In the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. A governance token is a token that can be used to vote on decisions that influence an ecosystem.
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Decentralised peer-to-peer commerce protocol, owned by its users.
CheckoutDAO is a decentralised payment protocol for peer-to-peer online commerce, in which merchants reduce their payment fees, accept both FIAT and crypto payments and earn a vested interest in the CheckoutDAO based on how much transactional volume they funnel through our payment processing.
use case
Our developper community has built a checkout for e-commerce, to give merchants full control of their money, operations and customer experience.
use case
Our developer community is building a checkout for peer-to-peer home rentals.
A smart contract on the blockchain allows sending money securely and transparently directly between a buyer and a seller.
During this transaction, a fee is versed into the CheckoutDAO and a token of value equal to this transaction fee is automatically attributed to the seller who brought the transaction.
The DAO is owned by its users: the more you use it, the more onwership (aka voting power and dividends) you get. This ensures a fair distribution of profits and that decision makers are those with the best interest in the wellbeing of the protocol.
Last year, the average e-commerce shop made a 5% profit margin on its sales. More than 3% of each sale was paid to the multibillion dollar companies that enable the transactions (Shopify and its payment partners) - amounting to $10 Billion dollars paid to Shopify in transaction fees.
Because the value of a technology is created by its builders and users, so it should belong to them.
CheckoutDAO is the first payment technology layer that is owned and operated by the merchants, builders, and consumers that use it. The value created by every transaction is attributed back to the merchant who brought it, in the form of protocol tokens.
It's FREE!
Our payment processing takes 1-3% of your transaction (depending on where you are in the world) - and attributes in back to you in the form of $CHEK so you loose no money.
What you get:
- A contribution-based model to gain ownership over the commerce network.
- A governance token to keep decisions democratic and for the benefit of every community participant.
- A dedicated team that maintains the open-source commerce stack for every member.
CheckoutDAO is run by an alliance that leads thorward, by an open source community that helps build, operate and maintain a full stack of commerce solutions for different use cases, and by merchants and buyers who trade through the checkout.
Each contributor gains ownership over the network they help create.
Sebastian
Founder, CEO
Sameer
Developer
Elvire
Designer
Bern
Blockchain developer
Marche Laval
Supermarche PA
Westbury
$20M+
Of payments processed via the checkoutDAO*
4.8/5
Of payments processed via the checkoutDAO*
40+
Of payments processed via the checkoutDAO*
*through our e-commerce checkout tool, ZenPay 🡥
