The tragedy of commons is a problem that has haunted humans for centuries. It is a problem where each individual has the incentive to consume a resource. As rational human beings, people tend to maximize their personal winnings regardless of their negative impact on the community. Essentially, it's the desire to increase our assets without any limit in a finite system, leading to two diametrically opposite outcomes: a positive impact on the individual's value; and a negative impact on the community.
In the decentralized world, the tragedy of commons lines up with the free-rider problem. Free riders become a part of the community and then consume more than their fair share at the community's expense, or pay less than their fair share of the costs borne by the community. It is one of the main challenges in the crypto world, with projects worth millions managed by less than 1% of their stakeholders.
ElasticDAO is a governance protocol that attempts to balance the competing interests between the different participants in a decentralized ecosystem. ElasticDAO achieves this by reducing the overall influence that money and early adopters have in existing DAO governance models.
We believe that aligning personal and community goals can give everyone a level playing field within the constructs of the DAO. ElasticDAO rewards behavior that strengthens the community and enables the token holders to take action against selfish actors, when those actions weaken the collective.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.