I want to create a cryptocurrency mining DAO for everyone to earn passive income in a safe simple and easy way. Everyone pools their money so that they can all get the best profit margins (that requires a bigger investment)
Not everyone wants to/can buy a really expensive bitcoin miner and the really expensive ones are the only ones that are profitable electricity wise and then on top of that people don’t have accses to clean eletricity, if the funds are pooled that will allow solar pannels to be profitable and a sheild from electriciry cost increases and bitcoin price decreases.
What I want to do on Ethereum – I want to have have a ICO of an ERC 20 token and with that money, I build a mining farm with solar panels, windmills, hydro dam, etc. I want the coin holders to be able to vote on these things and approve them. Then the holders receive what the mining farm mines after 10% of it is reinvested into mining (or whatever the ERC 20 token holders deside). I have been thinking about building this on https://syndicate.io/ or https://govern.aragon.org/#/create-dao I think I would also need to file an LLC which I would need to get the mined crypto onto the ETH blockchain to pay my token holders.
I don’t know that much about making these types of things, and I assume you can’t make a ERC 20 token on a EVM capadable network but maybe you can, any knowledgeable advice on working with Ethereum and the legal sides of things (I live in the US) would help a lot, Thanks.
