Web3 way to Collaborate, Co-work, Co-earn beyond borders using EQ Network

In most of the cases you come across a good business idea wherein a sufficient set of skills and collaboration may require to operate any business model optimally and successfully.

Building a successful team is about more than finding a group of people with the right mix of professional skills.

Now, for the reason being, you talk to so many people around and discuss about.

Being unified with the idea, you will then build a team around and proceed with further discussion.

The trouble often starts when leaders start imposing their own ideas and frequently prioritize things on their own observations.

A few among all, may find themselves lacking motivation to move further.

Now, within a team, when some leaders EQ works, it may try to create the team culture what suits best to them.

Another challenges may include, level of trust, participation, benefit sharing and distribution of responsibilities among members.

With the expansion of internet and technology, today, we have so many project & task management solutions out there which tends to pitch themselves as a best fit for your project’s needs, however, the real problem is the missing human side and the interplay of EQ (Emotional Intelligence) of all members which always discourages members to organize and maintain automated consistency.

Now, with EQ Network, we have tried to simplify collaboration and co-working settings and also to build trust among members even if project assets are concerned.

The application, app.eqnetwork.io though incorporate blockchain and smart contract automations yet designed in a way to make everyone free to apply their EQ and have sufficient autonomy to function beyond automations.

The most important benefits it can bring for such teams or group of people collaborating on anything are:

1. All members would have one Web3 wallet which would be made part of co-working space, which we technically call as decentralized vault as any other member in.
2. These Decentralized Vaults are store of assets, in order to have collective ownership on assets making part of it.
3. The decentralized vault has a unique vault address to send/receive digital assets like cryptos and NFTs.
4. The creation of these vaults requires anyone from the team connect his/her wallet, do a simple KYC with Passport or PAN Card (India), enter other members wallets and email IDs and deploy it on BNB Chain.
5. This Vault is now a unique Office address and bank account on blockchain which is controlled by everyone in the team collectively. No member has powers more than any other.
6. Now everyone in the vault can get access to dashboard and sail through tools available there. One of the dapp (decentralized app) integrated with Vault is On-chain Governor, which helps members to decide the fate of Project or Business by taking on-chain decisions. Every decision requires approval of more than half the members to pass the resolution successfully.
7. Most importantly, to transfer assets from the vault, any one can initiate the transfer request but to successfully transfer assets out from the Vault, all members need to approve the transfer request. Not even one member can be left behind as far as financial transactions are concerned, that too, approval permission cannot be changed by anyone in the Vault, not even the one who deployed it. Everyone would be common member of vault.
8. In due course of time or as and when need arises, members may require more members to be added or exiting to be removed which are quite possible with Vault functionality, but again, all members need to approve addition proposal and then to remove anyone, more than half the members need to approve the proposal.
9. This Vault, would create sense of responsibility among all members on through participation and asset management./ownership.
10. In case of conflicts, there will not be any place for autocracy as the protocol allows only collective decision making and transaction requests.

EQ Network is an integrated ecosystem of interoperable blockchain and natively developed smart contract protocols to for collective asset management & operations.

The exciting features of Vaults created using EQ Network includes:
1. Distributed permissioning technology
Smart contract protocol based members’ wallets authorization with one wallet equated to one permission instead of through tokens to ensure non transferability of ownership, hacks, stolen tokens and the equality in permission authority.
2. NextGen MultiSig System
Transfer of assets, addition of new wallets, project tokenization, yield distribution from vaults and creation of LPs with absolute approval.
3. True decentralization
Open source protocols built from scratch to ensure no super admin rights in protocols, no ownership rights to deployer in deployed contracts and no centralisation of authority in dapp operations.
4. Co-operability in Deployed contracts
Dynamic creation of standalone smart contracts for all dApps and can be functioned directly from blockchain explorers in the event of dysfunctional Web app.

We are open for further queries and support, please feel free to reach us through telegram: https://t.me/orgsupport