# Dapp on information disclosure for enterprises

## Purposal Draft:
### Current Problem:
1.enterprises have to comply time and cost consuming disclosure requirements before IPO
2.heavy burden of due diligence in buy-out transactions or PEVC investing
### Fundamental needs:
information transparency and continuing upgrade
### Analogy mechanism:
1.enterprises connect [wallets] to [Dapp] and one [account] as one transaction(IPO, buy-out or so on);
2.[tokens] are the required disclosure information;
3.[deposit] as input the required information and [withdraw] as output/change;
3.1 encourage enterprises to utilize [ERP];
> [name=@endomorphosis#4161] https://en.wikipedia.org/wiki/Enterprise_resource_planning
> https://en.wikipedia.org/wiki/Odoo

>
4.[transactions](the information) are public to everyone;
5.1 [Public votings] to decide whether enterprises fulfill the transparency needs/standard, if certain amount of votes attained, then [qualified enterprises/account] get [tranparancy NFT];

> [name=janet]votings mechanism will be [Quadratic Voting].
> https://youtu.be/_xRbnobzs2Y
> QF: https://city.mirror.xyz/oOOqyUpr7VdgDxLbywwk-DS3mUxdQ18o6OvGrWsvKeY
> CityDAO Case:https://city.mirror.xyz/iO0cMdKMElyfKfqo8kEapY-KO871CG2TZwsMsoQAO1w
**> could voting be pubilc to everyone? or if an enterprise keep voting same option they will get alert/ their weight will go dow**n?

5.2 [Findora] to verify whether enterprises fulfill the transparency needs/standard, qualified enterprises get [tranparancy NFT];

> [name=@David] plz add your cmt here

6.How continuing updates work: if a certain period(say 3 months)lapses and no [tokens] change then this enterprises get [alert NFT] until it updates its information
7.**[broker system?]** need greater cooperation: exposed to twitter, discord, telegram or other DAO, get business opportunites/investment opprtunites.
8.**[feedback system?]** keep tracking enterprises'activities
### Operation consideration:
1.incentivization: how to incentivize enterprises disclose the required information → the value of [tranparancy NFT] which indicates uniqeness/public recognition;
2.coldstart: how to get enterprises start using → pivot from crypto-startups then get feedback and promote to larger audience;
3.network effect: how to get more enterprises start using → community construction starting from twitter and discord

### Business consideration:
1.fundraising: investors have [equity+[something indicates ownership/coin/FT]] to the [community], equity ensures off-chain/off-line participation and [something indicates ownership/coin/FT] ensures on-chain/on-line participation;
2.return production/participation promotion: [network effect] of the [community], investors/stakeholders stake [something indicates ownership/coin/FT] in the [community], [community] reinforce or magnify [something indicates ownership], then investors/stakeholders keep participating to avoid being diluted;
3.[something indicates ownership/coin/FT] magnified by [reputation/something connected to off-line world like equity/...]

> [name=janet][Reputation Power]can be incorporated
> https://metisdao.medium.com/the-future-is-here-matrix-reputation-power-ccd877158573
>
4.once the mechanism stablizes [fees] could be charged and be distributed, such [fees] should be less than the exit cost but non-zero
5.enterprises ranked according to [something indicates ownership/coin/FT]
> [name=@James Sun (₿, Ξ) ,@紫苏 | TropIC,@占青] plz add your cmt here
> [name=@Janet] I think self-governance will be a better discription, the point is participants should at least feel that they have a final say in procedures like public votings to keep participating.
> [name=@MasterLi]https://tokeninsight-support.gitbook.io/support/about-us/about-tokeninsight

### Off-line/Off-chain Regulation consideration:
1.the existence of incubent centralized regulatory authoritives → may needs to be tried out on a smaller, private, and unregulated markets first；
2.strategic business consideration stops contracting parties from disclosing required information
> [name=@Janet][reputation/[something indicates ownership]] may provide incentives once we can devise a mechanism where [reputation/[something indicates ownership]] outweigh their strategic business consideration.
> [name=@C. H. Yip] plz add your cmt here