What is STP (STPT)? Start by understanding its ecosystem.

Summary

STP aims to reshape the DAO ecosystem through the Verse Network. It provides a complete decentralized autonomous organization solution, allowing users to easily create and manage DAOs even without a programming background. By integrating decentralized tools and reducing operational costs, STP is dedicated to accelerating the widespread application of DAOs.

Introduction: What is STP and the Problems it Solves

Decentralized Autonomous Organizations (DAOs) are community-led and operate transparently on the blockchain. However, traditional DAOs are mostly built on layer 1 networks, which face scalability bottlenecks, leading to slow transaction speeds and high costs.

In addition, DAO tools in the market are scattered and integration is fraught with difficulties. As more and more organizations seek to establish DAOs, how to simplify the setup process and improve management efficiency has become an urgent issue in the industry.

The Verse Network launched by STP in 2021 is specifically designed to address the issues mentioned above—it provides a set of native tools and infrastructure to empower users, communities, and organizations to make decisions, create, and manage DAOs more efficiently.

STP Ecosystem Core: The Architecture of Verse Network

The vision of Verse Network is to establish a unified DAO platform that benefits all participants. Its core tools include:

Clique: One-stop DAO Management Hub

Clique is the flagship tool of Verse Network, providing code-free capabilities for DAO creation and management. It simplifies the challenges brought by traditional tools' fragmentation by integrating dashboards, allowing users to track and manage multiple DAOs from a single interface.

DAO Establishment: From Template to On-Chain

Users can quickly launch DAOs on Clique using default templates, which cover various application scenarios, including membership DAOs, investment DAOs, and project DAOs.

The establishment process covers the following key functions:

• Directly configure DAO governance structures without writing smart contracts
• Issue new tokens or bridge existing tokens through cross-chain
• Custom token distribution schedule and whitelist mechanism
• Set governance rules, including voting weight and minimum holding requirements

This design provides the project with a high degree of flexibility while maintaining a simple operation process.

DAO Management and Governance Operations

Once the DAO is officially launched on Clique, community members can browse, participate in governance, and vote through the DApp interface. Managers can monitor all governance activities, analyze members' participation metrics, and compare performance with other DAOs.

Main operations that members can perform on Clique:

• View the tracked and established DAOs, as well as personal asset holdings.
• Participate in proposal voting and community discussions
• Track DAO activity schedule
• View personal contribution records in the DAO

The supervisory functions of managers include:

• Monitor members' voting activity, proposal participation, and community interaction
• Compare the governance indicators of different DAOs
• Stay updated on all governance and community dynamics

Cross-Chain Governance: Innovative Applications of Data Bridge

Verse Network's Data Bridge solves the governance synchronization problem in a multi-chain environment. It acts as a cross-chain synchronizer, transmitting data and voting results between Ethereum (the original chain of DAO) and Polygon (the optimized chain where Clique is located).

The mechanism operates as follows:

• Users create proposals and vote on Polygon
• Each user's voting power is based on the token snapshot at the time the proposal is created.
• Validator nodes store historical data and snapshots as proof.
• Users can participate in voting only after their signatures have been verified through the contract.

This design takes into account both security and efficiency, while avoiding the additional delays caused by cross-chain operations.

STPT: Governance Token of the STP Ecosystem

STPT is the native token of STP, serving a dual role:

Governance Function: Token holders can vote on important decisions and future development directions of the ecosystem.

Usage Rights: STPT is used to unlock the full suite of tools on the Verse Network, including advanced features of Clique and Data Bridge.

Summary: What is the Core Value of STP

STP has redefined the accessibility of DAOs through the Verse Network. Regardless of the user's technical background, they can easily create and manage DAOs through the no-code interface of Clique. Data Bridge ensures smooth cross-chain governance operations. Overall, STP is committed to building an inclusive, efficient, and interconnected DAO ecosystem, accelerating the implementation of decentralized organizations across various industries.