Web3Dev is innovating the corporate structure by integrating blockchain technology to create a decentralized autonomous organization (DAO) where ownership, governance, and profit-sharing are managed through a new cryptocurrency token, W3D (Web3 DAO).

Structure:

1. Token Creation and Company Structure:

• Token Name: W3D (Web3 DAO)
• Purpose: To represent equity in Web3Dev.
• Total Supply:
  • Company Size and Growth: Web3Dev is issuing 1,000,000 W3D tokens. This number was determined to allow for fine granularity in ownership while managing the administrative load of shareholding.
  • Market Cap Considerations: The company is aiming for an initial market cap of $10 million, each token will therefore be worth $10 at launch.

2. Tokenomics:

• Distribution:
  • 80% of Tokens (800,000 W3D): Available for public sale to investors and employees, representing shares in the company.
  • 20% of Tokens (200,000 W3D): Reserved for the founder(s). Appropriate for ensuring control and motivation for the company’s leadership.
• Voting Rights:
  • 60% of Voting Rights Reserved for Founder: To maintain control over major decisions. This is achieved through:
    • Weighted Voting: Where each token does not equate to one vote. Instead, a smart contract logic adjusts the voting power. Despite owning 20% of the tokens, the founder’s tokens are programmed to represent 60% of voting rights in decision-making processes.
      • Formula: If ‘V’ is the voting power and ‘T’ is the number of tokens:
        • For founder: V = 3T (where T is 200,000 tokens, hence V = 600,000 votes)
        • For others: V = T

3. Smart Contract Implementation:

• Ownership Tracking: The smart contract logs all transactions of W3D tokens, updating share ownership in real-time. When tokens are transferred, the smart contract automatically adjusts the shareholder registry.
• Voting Mechanism: Embedded voting functionality where proposals are submitted, and token holders can vote according to their shareholding. The smart contract would calculate the weighted votes based on the formula established.

4. The Investment:

• Investment: Investors can only purchase W3D tokens on this website, directly acquiring shares in Web3Dev.
• Governance: Shareholders (token holders) can vote on key decisions like strategic direction, mergers, or changes to the company’s articles of incorporation via the DAO platform.
• Dividend Distribution: If Web3Dev makes profits, dividends are to be distributed in proportion to token holdings, automatically via the smart contract.

5. Challenges and Considerations:

• Regulatory Compliance: Web3Dev will ensure that the token issuance and company structure comply with local and international securities laws regarding tokenized stocks.
• Security: Robust security measures for the smart contract to prevent hacks or manipulation of voting or share records.
• Scalability: As the company grows, ensure the token system can handle increased numbers of transactions and voting without performance issues.

The use of W3D tokens as shares in Web3Dev creates a transparent, decentralized ownership model where shareholders directly influence company governance. The fixed supply of 1,000,000 tokens with the specified distribution and voting mechanics balances control with democratic governance, aiming for a sustainable and equitable business model.