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DAO Platform Harbour Announces Official Launch, Releases Technical Specifications

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by Polina Chernykh · 2 min read
DAO Platform Harbour Announces Official Launch, Releases Technical Specifications
Photo: Harbour

The company is launching a community-governed ethereum platform that is aimed at driving the further expansion of the blockchain ecosystem.

Harbour, a platform for managing virtual assets on the ethereum blockchain, has announced its official release. The team has also issued technical specifications to explain the process of proposals, voting, and profit distribution.

According to the company, the platform was built as a fully autonomous DAO (decentralized autonomous organization), allowing token holders to have full control of the system.

“We are in a unique moment in history right now; blockchain-backed applications and products are emerging in just about every vertical,” said Dean Eigenmann, co-founder and CEO of Harbour. “Our goal is to create a framework in which anyone can participate in the growing blockchain ecosystem and benefit from their involvement.”

By using the smart contracts technology, the platform provides an increased security and transparency of all transactions. The DAO can always be modified through proposals by token owners. The amount of ETH which is set to be distributed to token holders can also be changed through the proposal system.

“We are committed to ensuring that Harbour supports democratic values throughout all aspects of the DAO,” Mr. Eigenmann added.

On July 15, Harbour is planning to launch an ICO that will continue until July 29. During the campaign, the team will create a maximum of 650,000 HRB that will provide token holders with an access to surplus ETH distributed on a quarterly basis to the HRB holders.

The owners of tokens obtain voting rights for every token they hold and can use these rights to vote on proposals in the DAO. Participants of the ICO must transfer the funds from an address from which they hold the private key to the address specified on the crowdsale website.

Today DAO.Casino, a project developing an Ethereum-powered protocol for online casinos, has started an ICO aiming to raise $25 million worth of ETH. The investments will be used for further improvement of the platform, including marketing and legal issues.

On Wednesday, the blockchain lottery TrueFlip announced a crowdsale to sell 14,7 million of its digital tokens. The team managed to raise more than $1.3 million in just an hour since the start of the campaign.

Meantime, an investment company Pantera Capital has unveiled plans to raise $100 million by the end of this summer to launch an ICO hedge fund. The company, which is one of the biggest institutional owners of bitcoins, is committed to drive innovation and facilitate wider adoption of the blockchain technology.

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