What is curated DAO?
KurateDAO is the first community curated blockchain-based databased for Web3 applications.
How exactly does the curation process work?
Any person can start a database around a topic. For example web3 applications that have been audited, news articles about Russia, or restaurants in New York City. The person that starts and defines the criteria for a database is called curator. Anyone can start a database.
Other people then submit data that they think fits the criteria of the database. We call these people scouts. When a scout submits content they have to pay one token (a small amount), which is refunded if their data is accepted into the database. Before the data is accepted into the database, if another scout sees the data and thinks the curator won’t accept it they can vote with two tokens to reject the data. Another scout can then vote with four tokens to keep the data in. The token cost continues to double each time to vote the data in or out of the database.
This process continues until someone on one side stops staking or the pool of tokens exceeds a threshold. If one side stops staking tokens, after X minutes (X is defined by the curator when the database is minted) the content is either accepted or rejected depending on which side staked last.
On the other hand, if the data is contested by many people, and the pool of tokens crosses a certain threshold, the curator decides if the data should be accepted or rejected from the database.
The winning faction gets the losing faction's tokens. The curator takes a cut of the pool for doing work deciding if the content should be accepted or rejected.
Once data has been accepted into the database, scouts and the curator get access to a percentage of the token that database generates based on viewership.
