Thank you Yuta for your questions!
- I was unable to access the following link regarding calculation details, could you please give us access?
**Your connected workspace for wiki, docs & projects | Notion
My apologies; could you try it again? It should be available now.**
- Can you explain how consensus works in Socious DAO?
Of course. You can find the details here: Governance and Decentralization | Socious Whitepaper
- I checked this but I couldn’t find the specific definition and who will decide, but is it correct to understand that the definition is any attempt that may potentially abuse this system, and that the judge is the Socious team?
I apologize for my initial misunderstanding. To clarify, even if people try to collude, they cannot game the system due to the mechanisms described here: FAQ | Socious Fund For this, there is no need to define what is collision.
We also have a system in place to impose penalties on users who attempt to cheat the system. FAQ | Socious Fund
For this, it’s decided through the decentralized dispute resolution mechanism.
- The fee doesn’t seem that high, so would this make vote-splitting unprofitable…? Any quick analysis?
- Transaction Fee: $0.30 per donation
- Platform Fee: 12% on all donations, decreasing by 0.5% for every $50 donated
- Minimum Fee: 2% for donations of $1,000 or more
Yes. Splitting $1,000 into 1,000 $1 donations incurs $0.42 per donation ($0.30 + 12% of $1), totaling $420 in fees. Only $580 reaches recipients. Donating $1,000 directly costs just 2% ($20.3), delivering $979.70. That’s a $400 difference, making splitting economically irrational. Paired with other anti-collusion tools, it’s a strong deterrent.
- I am a bit worried that the fate of the $1.5M will be decided by 10-20 small donors and some people who continue to use the existing Socious platform and already have high scores.Is there a mechanism to defer distribution from the matching pool until there is a sufficiently large number of donors and donations?
Thank you for sharing your concerns—I totally get why you’d feel uneasy about the $1.5M matching pool and how decisions are made. Let me break this down for you and address each part of your question clearly.
Decision-Making Power: Not Just a Small Group
You’re worried that the fate of the $1.5M might rest in the hands of just 10-20 small donors or a few high-scoring Socious users. I’m happy to reassure you that this isn’t the case! Socious currently has 15,000 users, so the decision-making process isn’t limited to a tiny group. With such a large and diverse community, the distribution reflects a wide range of contributions, not just those from a select few. In addition, users can get impact points for past or ongoing activities like volunteering, working for an impact organization, or donating, and have them recognized on Socious. All you need is a verifiable credential, and those impact points are credited to your account right away. Check out the details in the Socious Whitepaper if you want to dive deeper. This means that new users can have many impact points from day one.
In short, you don’t need to worry about a small clique controlling the $1.5M. With 15,000 users, the ability to earn impact points from a wide range of activities, Socious is built to be inclusive and rewarding. Your contributions—past, present, and future—can play a big role in this community.
If you’ve got more questions or want to explore how to jump in, feel free to ask.