i have an old man beginner question: why does this project even need a new token? could it not run on/with ICP? i have seen how an ecosystem of COSMOS HUB drained the ATOM token by having for each project its own token.
would it not be better (scam/fraud protection against rugs; value for ICP), if ALL ecosystem coins just use ICP?
Theoretically can, but than instead of giving ICP and getting tokens, project can give NFT-s. NFT-s staked for voting rewards. This can work. 
I think for centralized projects, ICP only can work fine.
For a true DAO where part of the product is the communityâs voting power and what they do with it, the SNS framework is best in class. I would argue that TACO DAO falls in this category.
okay. i got it now.
you vote with a project token for decentralizing reasons. i see that now.
but using the project app could be paid in ICP only?!
A dao can easily become centralized. From my understanding there arenât any caps per investor during the sale.
SureâŚbut this is irrelevant for the âwhy does a DAO need its own tokenâ discussion.
Absent its own SNS token, a DAO would need its own governance system to enable decentralized voting. Right?
Orbit fills the gap for that need with out going through the sns
But then thereâs a new dependency. I prefer SNS.
How does a DAO vote using Orbit. How is voting power even determined/decentralized?
I tried to look into it but it looks more like a very smart wallet with multi-sig. this is great but not a SNS replacement.
This is not looking good, 2 people with most VP can vote to pass % allocation that says DKP need to increase a lot. This opens up price manipulation, they pump price up, than pass % change and everyone will be buying at top.
Or im missing something? Can people do individual portfolio changes?
I think youâre technically correct. The DAO is essentially an âIndex Fund Managerâ for all practical purposes the way I see it.
If someone has a controlling share of the DAO then thatâs also their own money thatâs buying high⌠and if people who donât have controlling shares donât like the decisions being made they can sell their tokens. Atleast thatâs how I see it.
Sorry but you arenâ;t understanding.
We only manage 1 portfolio. Each memberâs voting power is just that: how much power they have over the composition of the portfolio.
If the two biggest members put 100% DKP then the DAO will slowly buy up to the implied target. There is no way for them to sell the top with TACO since their TACO will be staked.
Hope that helps clarify.
There really arenât any good methods to prevent the community voice being controlled by one whale.
I only speak up on the topic because the goal of this dao is to invest in âtrustedâ projects where the community does the due diligence and votes on them.
This opens up to the dao becoming a discrete voice for that one whale vs the real due diligence of community members.
Everyone gets their vote but it is one aggregated portfolioâŚThere is no way for one DAO member to profit off of another through allocation voting.
Nope. Itâs a general issue with dao governance models that have not been solved.
But since you decided to tag Adam. Do you mind disclosing what dev work he did for the dao?
Adam did not do any dev work, nor is he getting an airdrop.I did a double take when you posted that on twitterâŚthen I remembered.
The only airdrop for TACO is going to EgidoValâs NFT holders.
Those 38000 TACO are going to be airdropped with a script after launch. Adam agreed to hold the TACO for safekeeping.
We will make an announcement once they are sent to the NFT holders so you can spend more time verifying 
Thank you for the answer 
Oh yeah I forgot about that lol. I couldnât remember why I was on the list.
Oh, i had to feed all of it to ChatGPT to understand what project is all about.
So people do not have portfolios, only TacoDAO has 1 with donated/borrowed tokens. Collective fund is controlled by DAO, what says what to sell and buy. Taco is earning revenue from trading fees.
Trades are executed via ICPSwap or KongSwap, whichever offers the best price with acceptable slippage. But what happens if vote is cast to increase 1 token to 70%, after its passed, someone pumps that token to 2x. Than new proposal is made and people wait a day to vote, during that time tokens are sold and bought token that was 2x. This mean it can be manipulated and can harm other DAO tokens.