Hi everyone, I just want to show that Ricardian Fabric has been fully developed and only pending a smart contract review before it’s deployed on mainnet.
so what does it do?
*This is the first ricardian contract implementation for EVM compatible chains. It allows creating a contract with semantics, like a traditional handwritten contract, and linking it securely to a blockchain.
Here is what the Ricardian Contract editor looks like:
You can find a deployed ricardian contract, the DAO terms here:
https://bafybeiaemqhuvdlzthraqmg4ilkurjyc67aueyo5cao6bjl5dkvs5df76u.ipfs.infura-ipfs.io/
It’s A builder guild. Ricardian Fabric DAO is, a develop to earn DAO. Developers can propose smart contracts and when the proposals are accepted, the smart contracts will appear in the app and can be deployed by users. It pays the developers in it’s native token RIC.
Developers need to create a proposal to join, and when that is accepted, they can create smart contract proposals too.
The proposals pass in one week, here is the State of the Dao, just after deployment, waiting for the first user to join, so he can start contributing.
The native token can be purchased in app, that allows users to join the DAO.
The tokens are backed by the builders contributions, and dao members can withdraw rewards collected by the smart contract proposals when they are used.
Easily create asset-referenced tokens
The application allows uploading content to Arweave, which is a blockchain solution that provides permanent storage. It’s possible to create Audit Trails that can be linked to Ricardian Contracts, which in return can be linked to Smart Contracts, it’s easy to bridge traditional finance assets to blockchain, like silver or gold or even other assets like real estate. All you need to upload is a proof of your treasurys audit.
This is a multi purpose tool, with a lot of use-cases.
What is next?
A token presale is coming soon. A smart contract that will be also available in-app for others to use.
The presale will sell a limited amount of tokens at a 20 RIC/ONE rate, half of the In -app sale rate, and it’s used for sponsoring extensive code reviews that are needed before mainnet deployment, just in case.
Feel free to leave a feedback or post any observations.
Is there any way you could use this app? Like adding IP rights to NFTs or creating Futures contracts ? Let me know in the comments below!
Thanks!
