OpenDAO (SOS)

OpenDAO (SOS) is a decentralized cryptocurrency token created and distributed by SOS, an open-source, crowdfunded project that seeks to develop a blockchain-powered platform for the music industry. Founded in 2020 by Yann Erler of Switzerland, SOS is designed to power artist-led streaming platforms, enabling users to purchase digital music and video content directly from the artists who created it. What makes OpenDAO unique is its decentralized nature. It is entirely based on the blockchain and consists of a distributed network of autonomous, self-governed nodes. This means that OpenDAO is not subject to any centralized control or interference, allowing artists to maintain full control over their works and revenues generated through the market. Additionally, OpenDAO is open source, meaning anyone with the proper coding knowledge is able to contribute to or audit the project. OpenDAO is primarily used to purchase digital music and video content from artists, enabling creators to capture the full value of their work. Additionally, OpenDAO tokens are also used to incentivize the distribution of the platform’s content, as users are able to receive OpenDAO tokens for referring friends to the platform. In the future, the team at SOS plans to introduce new functionalities to the platform, such as artist promotion, donations, and more. OpenDAO is available for purchase and sale on a variety of cryptocurrency exchanges including IDEX, Probit, and BitMax. Additionally, OpenDAO tokens can also be directly purchased from SOS via credit card or with other cryptocurrency tokens. Overall, OpenDAO is an innovative project that seeks to empower artists by allowing them to capture the full value of their work, while also working to create a decentralized marketplace for the digital content industry. With its decentralized and open-source nature, and its potential to be used in a variety of applications, OpenDAO appears to be a token worth watching.