You will never have an excuse to miss another government vote if the decentralized autonomous organization (DAO) calls or texts you harassing you into voting.
Notifi Network bets on this concept to help improve the appalling rates of participation in government votes. Launched with Solana’s DAO, it combines popular centralized methods used by the Web3 community, such as Telegram and Discord pings, with more traditional and harder-to-ignore notifications, such as phone calls, text messages, or emails.
Backed by crypto venture capital firms Race Capital and Hashed, on April 24 Notifi applied its notification service to all DAOs launching on the Solana Realms DAO platform.
Someone asked for Telegram notifications??
hehehehe… looks like it’s already here pic.twitter.com/YCYefCiLIt— Notifi (@NotifiNetwork) April 26, 2022
Notifi founder Paul Kim told Cointelegraph that his project’s mission is simple:
“We want to encourage communities to be more active. You bought the tokens, so you should use them.”
As it stands, chat rooms on Telegram and Discord are among the most common ways DAO participants keep in touch with the project. However, Kim feels that this method is inefficient, as she said that “most users keep their crypto chats muted due to the high volume of messages.”
This makes it difficult for users to know when new proposals have been made in time to vote.
Kim hopes to turn the tide on low participation by allowing DAO participants in Realms to choose various ways they can be notified when a governance proposal is issued. These notifications could start with direct Telegram or Discord messages, but Kim said they can “escalate” to email, text, and even a phone call if they don’t respond initially.
Although email, SMS, and especially phone calls are not common means of communication in the Web3 world, Kim believes that they should play a very important role for DAOs.
“For some reason, we skipped Web2 email when we jumped to Web3. Can we challenge Web3 paradigms using Web2 primitives?”
Clearly there is a problem with voter turnout in the Solana DAOs. According to data from DAO tracker DeepDAO, less than 1% of governance token holders in the top three Solana DAOs – UXDProtocol (UXP), Mango DAO (MNGO) and Serum (SRM) – are active members. There are 500 DAOs in the Realms with a collective treasury value of $1.5 billion according to Kim.
In an April 24 Notifi blog post, Solana Labs DAO software engineer Sebastian Bor agreed that notification services aren’t currently doing all they can for DAOs. He said, “Notifications are an integral part of informing community members about DAO activity.”
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Eventually, Kim said his service “could be used for all on-chain activities, including trades and airdrops, sales, and liquidation alerts.” For now though, “Realms is the testing ground” to find out if your solution can let users walk away from their keyboard:
“We’re excited to see what the data shows us and what trends actually exist in messaging platform usage.”