I had an amazing week 5 at Polygon fellowship. The week was purely based on understanding the working and exploring about DAO (Decentralized Autonomous Organization) and the task and sessions for the week was also aligned to it..

We had a kick off of 5th week's journey with a session on DAO from Marco Grendal. Who is currently a DAO lead at Polygon he introduced us with various key aspects regarding DAO which includes history of how DAOs come into existence, pain points for today's DAOs, how polygon is providing support for DAOs financial as well as legal and much more.

The tasks for this week's assignments include Joining a DAO and documenting your experience with it and creating a social ERC20 token with your own name as the name of the token. So for the first task I researched and explored several DAO this tool really came in handy for exploring and getting reviews over which DAO is active and how much supportive the people over there are. I researched and joined two DAOs one is The Product House and the other one was Bankless DAO but it was a little later I realized that The Product House is not a DAO yet while querying for support about their history, mission and vision statement. The product house community does multiple things which includes helping beginner to learn about web3, providing a platform for builders to connect and collaborate with each other for the project and much more and the motive of Bankless is to help the world go Bankless by creating user-friendly onramps for people to discover decentralized financial technologies through education, media, and culture.

Besides joining DAO and documenting the experience we also had to create our own ERC20 token as a social token and were needed to create a liquidity pool over uniswap for its exchange. For this assignment i tried to get little creative with it and bought creativity in the sense that i designed the smart contract with a small luck based factor for earning tokens which basically works in a way that user can ask the smart contract for certain number of tokens and the smart contract will decide based on a randomized algorithm whether or not or how much token the user should get.

Last but not the least we had an amazing session with paul finney and Srijan where we discussed several aspects which includes how to design UX friendly dapps, discussion on what metrics can be considered to track the success of dapp and much more.

Snap of the Luck based token dapp i build

Dapp can be found here: http://luck-based-token.vercel.app/

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