ExtractoDAO: revolutionizing the future of smart contracts and decentralization
Tags: drawer, technology
Published: 2023-04-09 12:28:05

ExtractoDAO: revolutionizing the future of smart contracts and decentralization

Cryptocurrencies have revolutionized the way we perceive money, investments, and the traditional financial system. However, with the rapid growth of the market, new challenges and opportunities arise. ExtractoDAO is one of the newest players in the sector, offering a new approach to smart contracts, decentralization, and the intersection of the DeFi and tradFi worlds.

Unlike many other DeFi projects that focus on fighting poverty and hunger, ExtractoDAO aims to promote food security and fair revenue for all participants, using the latest blockchain technology. ExtractoDAO is a Decentralized Autonomous Organization that allows the decentralization of private property by the collective. Its central thought is the administration of these private goods by the collective in a fractional way, reducing risks with the benefit of the correct application of smart contracts. This approach provides a safe, transparent, and auditable way for everyone to participate in the market.

One of the most innovative aspects of ExtractoDAO is its Drawer technology, which provides a new way to store smart contracts on the web3 securely, transparently, and auditable to all. This new market of smart contracts fulfills the same function as drawers in law offices, but with the aim of storing smart contracts that can be verified on the blockchain, with editable clauses and that fulfill their functions in web3. This technology offers more security and guarantees between two parties, including the possibility of regret clauses implemented and executed in smart contracts, becoming a much safer alternative than tokenization. "Ethereum was developed to tokenize the world, but Drawer technology was created to ensure legal rights between parties in web3." Currently, many DeFi projects are hacked, and funds disappear without explanation. As an example, we have Luna and several other DeFi, and no one takes responsibility for the losses. We understand that Buterin's idea as a developer in 2014 was not to present legal security with the implementation of smart contracts but only to present a new way to execute a contract.

The abusive use of tokenization in most existing projects has left the market vulnerable. ExtractoDAO's Drawer technology will neutralize this criminal behavior allowed by tokenization in the market, providing a more responsible approach to the use of tokens. ExtractoDAO's team focus on the massive use of smart contracts, combined with the possibility of regret clauses implemented and executed in smart contracts, is a game-changer that will have a positive impact on the market.

Another significant advantage of ExtractoDAO is the ability of each person to create their own Stablecoin with a single click, and no longer a central issuer like USDT, USDC, and BUSD. The COW coin is the native currency of the ExtractoDAO DeFi ecosystem, backed by the contract holder, 100% audited by the DAO and individually by the issuer, who is the buyer of the contract. This innovative approach allows greater control and individual freedom since members will have the freedom to sell their Extracto@ smart contracts and others to third parties before the 135-day maturity date. The startup prefers to position itself as a venture capital investment for those interested in financing development, expansion plans, and the development of new products. The startup launched the Drawer pilot with the issuance of the Extracto@ contract for agriculture, in order to validate the global idea and make a practical demonstration of innovation.

Today, we have a mature financial market in need of new technologies that work, make investors' lives easier, and democratize the market. The task of publicly raising capital from third parties, managing collective contracts, and administering third-party capital is not ExtractoDAO's business, says Joel Almeida. "ExtractoDAO is a globalized DeFi, so people from all over the world can issue their individual contract, just as they lock funds in various DeFi around the world in a collective smart contract. In ExtractoDAO, in addition to this contract existing like in other DeFi, it can deliver storage and an individual contract for each participant, because only we have the Drawer," concludes Joel Almeida.

In conclusion, ExtractoDAO's innovative approach to smart contracts, decentralization, and the intersection of DeFi and tradFi worlds will positively impact the market, providing a safer, more transparent, and auditable way for everyone to participate. With its revolutionary Drawer technology, individual control over Stablecoins, and focus on the massive use of smart contracts, ExtractoDAO is poised to become one of the key players in the industry. ExtractoDAO will be present at Web Summit 2023, which is Europe's largest technology conference.

We understand that Buterin's idea as a developer in 2014 was not to present legal certainty with the implementation of smart contracts, but only present a new way of executing a contract.   https://www.youtube.com/watch?v=ooACTVJAX7k



Our social networks:
http://extractodao.com/
Email: contact@extractodao.com https://github.com/extractDAO https://discord.gg/pkcA59Ghr9 https://www.reddit.com/user/extractoDAO/ Telegram: T.me/extractodao Twitter. com/extractodao Instagram.com/extractodao
Join us and let's build a global community.