Utilizing Commonwealth to Strengthen Oraichain DAO

Jul 26, 20233 min read
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This article explores the value of Oraichain's Commonwealth Channel and how this platform can help community members to test ideas, build alliances and take an active role in ecosystem growth.

As we progress through 2023, Oraichain sets its sights on transforming the Commonwealth channel into an all-encompassing hub for essential discussions surrounding the future of Oraichain. By catering to the diverse needs of its users, the platform aims to foster an environment where ideas flourish, consensus is forged, and groundbreaking projects find their footing.

Here are the major components that will define the Commonwealth channel's identity:

  • Foundation Updates - Communication and transparency are the cornerstones of any thriving community. Oraichain commits to providing regular updates and emergency announcements, ensuring that all participants are kept well-informed about the platform's developments. As we move forward, this open dialogue between the team and the community will become more critical than ever before.
  • Proposal Discussion - Decisions that shape Oraichain's trajectory will be collectively made through the proposal system. The platform will introduce a mandatory 7-day discussion period for official proposals before they become eligible for the voting process. This extended timeframe aims to accommodate diverse viewpoints and encourage thorough evaluations of proposed ideas.
  • Oraichain DAO Think Tank - Oraichain's true strength lies in the power of its community. To harness this collective wisdom, the platform will establish a collaborative space within the Commonwealth channel. Here, community members can freely share their ideas, exchange insights, and join forces before crystallizing their concepts into formal proposals.
  • BUIDL Hub - Innovation thrives when minds converge. In the spirit of progress, Oraichain will dedicate a public discussion forum known as the "BUIDL Hub" to projects interested in building upon its foundation. Here, developers, entrepreneurs, and enthusiasts can showcase their concepts, seek feedback, and forge invaluable connections with the wider Oraichain community.
  • Resource Hub - Empowering individuals to navigate the Oraichain ecosystem with ease is pivotal to widespread adoption. The Resource Hub provides a forum for users and developers to request documentation, tutorials, and helpful resources.
  • Validator Hub - The validators and delegators form the backbone of Oraichain's consensus mechanism. A dedicated public forum will be established to enable these stakeholders to communicate, exchange best practices, and foster a stronger sense of community.

In essence, Oraichain's Commonwealth channel is evolving into a vibrant center of intellectual exchange and creative collaboration. As we move forward into the future, every member of the Oraichain community plays a crucial role in shaping the platform's destiny. The power to innovate, decide, and shape the course of Oraichain's journey rests within the hands of its passionate community members.

BUIDL Hub

In the dynamic and fast-paced world of blockchain, new startups and projects face a myriad of challenges, especially in their early development stages. Among these hurdles is the difficulty in obtaining valuable feedback from the community and potential users. This feedback is crucial for these ventures to gain a deeper understanding of their users' needs, preferences, and pain points, and to ensure their offerings align with the market's demands.

Oraichain’s unique infrastructure makes it an ideal place to build a wide range of projects, including AI-focused initiatives, IBC-based dApps, and teams focused on adding primitives to enrich the networks toolkit. Recognizing the significance of this early-stage feedback and the role it plays in achieving market fit, Oraichain's Commonwealth channel has introduced the BUIDL Hub – a public forum that acts as a catalyst for collaboration and provides an essential space for projects to engage with the community and receive invaluable feedback.

New startups and projects often find themselves isolated during their nascent stages, grappling with uncertainties and seeking validation for their ideas. In the absence of a dedicated platform for open discussion, founders may resort to private conversations or limited networks, making it challenging to receive diverse perspectives and unbiased critiques. This lack of transparency and inclusivity can hinder growth and potentially lead to products or services that do not resonate with the broader market.

Oraichain Foundation has created the BUIDL Hub forum to address these difficulties by fostering an open and accessible space for builders to present their ideas to the wider Oraichain community. By participating in the BUIDL Hub, startups can tap into a pool of diverse talents, subject matter experts, and enthusiasts eager to provide constructive feedback and offer valuable insights. This early-stage collaboration empowers projects to refine their offerings, incorporate community-driven features, and ultimately increase the likelihood of achieving product-market fit.

Join us on this exciting endeavor as we embrace the BUIDL spirit and co-create a thriving ecosystem that pushes the boundaries of what is possible with blockchain technology. By openly presenting their ideas and engaging with the community, founders demonstrate a commitment to transparency and invite scrutiny that can ultimately strengthen their offerings. This approach aligns with the ethos of decentralization. Let's harness the potential of the Commonwealth channel and come together to build a future where innovation knows no bounds. Stay tuned for an exhilarating journey ahead!

Table of Contents
  1. BUIDL Hub