## Inspiration
The inspiration to build Teledisko DAO came back in 2016 when Benjamin von Uphues (the founder, among the other things, of Teledisko GmbH) thought about how to change the structure of his company to bring their contributor away from capitalistic slavery.

"People should be able to invest their time, not sell it".

It was a new way of shaping the relationship between a company and its contributors. A way aimed at building a symbiosis between people and commercial entities.

Turning the Teledisko GmbH into the Teledisko DAO was the first step toward the fulfillment of this vision.

In 2021 the legal work started (the DAO had to be a legally recognized entity).

In 2022, we started building what in July became the first release of the Teledisko DAO, on EVMOS.

## What it does
Neokingdom is the groundwork to create EVM based, legally compliant DAOs that rely on a legal framework crafted by Oblicity (an Estonian law firm) using the favourable Estonian legal system.

The core principle is that contributors of the DAO can invest by personal time-based effort or monetary contributions to receive shares in the company that represent ownership, voting and dividend rights.

Developed by a Berlin based team, the first MVP was launched on July 27h 2022, transforming the popular www.teledisko.com, a Limited Company registered in Germany, into the first Neokingdom DAO.

The purpose is to create an organization which is run in a fair way by the contributors who actually add value to it.

The system is *socialist* on the inside, *capitalist* on the outside. More specifically:

- Contributors track their working time and get rewarded, at the end of each month, with an amount of tokens proportional to their tier (higher tiers yield more tokens per hour)
- Tokens will grant the contributor a proportional weight on the resolution voting process, but also the ability to gain part of the profits of the company
- If a Contributor wanted to sell their tokens, they would first have to offer them internally to the DAO Contributors at the nominal value of 1€ per token
- If no one buys them within 7 days, the tokens are free to be transferred and sold anywhere in the secondary market at whatever price they tokens are traded
- Additionally, the Contributor can pledge them to the DAO, who would then take care of the exchange in EUR

A lot more is contributing to the correct functioning of this engine. We recommend to have a look at [our legal documentation]( https://github.com/TelediskoDAO/legal), which explains with aboundant detail the mechanics of the DAO.

## How we built it

Creating the groundwork to bring the first Neokingdom DAO to life (Teledisko DAO) required an initial effort which has been purely legal.

Since its inception, more than a year has been spent by the team to get the legal foundation that could guarantee the lawfulness of our initiative. It won't be perfect, as this is a grey area even for a country like Estonia. But given how closely we worked with their government, we are confident that any upcoming issue will be addressable without legal troubles.

Once a first draft of the Article of Association and the Shareholder Agreement has been completed, we started developing the Smart Contracts on top.

It took approximately 6 months to have a release candidate.

The core DAO is composed by a constellation of 4 Smart Contracts, implementing the different access rules, the governance processes (resolution management and voting) and the tokenomics.

Around the core there are indeed the companion services:

- [the dapp](https://dao.teledisko.com/), used to track the time, manage the tokens and deal with the resolutions. The public audience can only look at the past and ongoing resolutions.
- the mailer: to make sure there is participation in the DAO, all the legally relevant events are automatically mailed to the contributors. For example when a new resolution enters its voting period
- Odoo: this is the backbone of the organization, as it allows the DAO to create and organize projects, tasks, time and Contributors data

## Challenges we ran into

The main challenge for the development of this first implementation of the DAO has been the connection between law and code.

When we needed to start developing the Smart Contract, we actually decided to spend the first weeks thoroughly studying the Article of Association and the Shareholder Agreement. The main point was to get to a very clear understanding of how the law could be automated with code, and this required quite a few iteration with the lawyers.

Once that was done, things actually went pretty smooth: we had very clear and non-ambiguous requirements. Indeed there has been some minor adjustement on the way, but no major scope change.

## Accomplishments that we're proud of

First of all, we are really proud of how smooth was the collaboration between people coming from completely different professional branches.

We are also really proud of how simple and easy to use the DAO Dapp got shaped. Even the less crypto-savy people found no friction in understanding how to vote on resolutions, create them, offering tokens etc.

## What we learned

The experience we gathered over the last years was, for all the technical people involved, very diverse. Yet this was the first time we actually try to **implement the law**. The implication is that anything from a bug to a simplistic implementation of a feature could lead not only to a "weekend of firefighting", but actually to a traceable issue with potentially legal implications for the business run on top of the DAO.

This was one of those occasions when the focused had to be really on understanding 100% the requirements and making sure that nothing is overlooked.

Sure, our contracts are updateable (as they are deployed behind proxies), but the legal back and forths that would be required the amend a faulty ledger state would be way more annoying than just a few users not able to access a service.

## What's next for Neokingdom

Teledisko DAO is only the first-born of Neokingdom.

Our vision is to make sure that the DAO becomes officially compliant with the Estonian Government legal regulations and be ready to replicate the legal and technical infrastructure to new companies willing to undertake the same transition (the so-called Neokingdoms).

The next use case to follow soon after is the NFT Streetart platform www.metawalls.io.

In a hopefully not so far future, Neokingdom will become the roof under which many other DAOs will be born and nurtured.

When Neokingdom DAO will be battle-tested, it will become a viable alternative to the classic top-down model, where employees sell their time for a salary, without ever becoming part of the company.

Imagine a future where even small companies gain some of the benefits of a publicly traded companies, where rewards depend on time investments (not titles) and where contributors share a purpose.

That's Neokingdom DAO.

# VIDEO DEFINITION WORK IN PROGRESS
https://www.chosic.com/download-audio/28703/
https://www.chosic.com/download-audio/31955/
https://www.chosic.com/download-audio/28692/

## Video structure

- Intro to DAO
- Intro to limitations of current DAOs -> Unfortunately only the crypto space can beneift from this model.
- Hi my name is and welcome to Neokingdom DAO
- Main problem statement
- (we all know what a DAO is) DAOs proved to be great tool to
- Regulated on on-chain governance (examples: EVMOS)
- WHERE? In the crypto space
- There a track record of how useful could be a DAO to facilitate the development of an organization
- These mechanisms work well for the crypto space, but they haven't so far been connected to any traditional business
- what if we could use the DAO engine to fuel companies and business in the traditional economy.
- What if your local coffee shop that has a cash flow, employess, expenses and taxes runs as a DAO? -> make it appealing
- What happens if we take the same paradigm and use it to run, for instance, a coffee shop or a tech startup?
- Good thing for project starter is that he does not have to make everything dependent on himself. He is not hiring disposable resources, he is building a collective of people with skin in the game
- There are many challenges
- Solution
- We decided to test this model on ourselves.
- And on the 27th Teledisko GmbH officially became Teledisko DAO OU, the first DAO of the Neokingdom.

### Slides

- Neokingdom DAO background
- Online resolution shown during the 27th discussion
- Time slavery -> tracking time + earning tokens demo
- how to earn tokens (describe mechanism and show page with resolutions)
- Paper buerocracy -> mention that everything is automated
- demo token offering
- Opaque decisions -> demo create resolutions
- 1 min intro
- 1:30 demo
- 30 -> slide with components and evmos (show AoA and SHA)

EEEEEEEEEEE

- Intro:
- Hello, let's talk about DAOs
- DAOs are great instrument to manage the decision process of an online crypto community, for example EVMOS governance is managed by a DAO.
- the problem is that right now DAOs only exists in the crypto space.
- What stops your local coffee shop to run as DAO?
- Applying this model to tranditional businesses is not only a technical effort, but also a legal one.
- Hi, my name is X and Y, and here we are to show you Neokingdom DAO, the solution to this problem.
- **(ALBI)**
- Our vision is to develop the legal and technical framework for the creation of Neokingdoms, legally compliant DAOs.
- But neokingdoms are more than that, they are a way to rethink how we work together. In a neokingdom there are no employees, only stakeholders.
- we want to transform our capitalistic mindset in society from a greed and profit driven agenda to a purpose first approach, and to share with one another.
- But how? We decided to take the risk of this experiment on our company, Teledisko, which creates the smallest discos on earth. (*switch logo from neo kingdom to teledisko*)
- Demo:
- **(Transition to Genesis Resolution)**
- Let's take a look on how the DAO works
- On June 23rd, we publish our genesis resolution to the blockchain.
- After our contributors voted, we reached a 100% consensus.
- This marked, after more than a year of legal and technical work, the evolution of Teledisko GmbH into a DAO.
- All Contributors have an amount of Teledisko Tokens proportional to their contributions in the company, tokens which have legal weight in voting resolutions and allows access to dividends.
- **(Show timetracking)**
- To earn tokens, contributors track their time, for example we are now tracking the time we spend to apply to this hackathon.
- Every month, a resolution to distribute new tokens to the contributors is created, and if no one objects after few days tokens are minted.
- **(Show sell tokens)**
- As a contributor, I can sell a portion of my tokens for Euros.
- **(Show new resolution)**
- I can also propose a new resolution.
- Tech overview:
- AOA, SHA
- Architecture odoo, email
- Smart contracts