The idea is to create a "open bounty" meaning that it is always active even if it has already been awarded as long as you complete the requirements of the bounty. You will win it no matter how many winners won before you.
This will stimulate the DAC creation and has many advantages over a classical bounty . In order to win the reward you need to complete some milestones, for each milestone completed you'll be rewarded . Total reward could be 7000 PTS (could be more or less)
Of course in order to be eligible to win any milestone reward, the DAC developers needs to completes all the priors milestones.
Any milestone will be rewarded no matter what as long the requirements are fulfilled.
The first milestone 50 PTS :The DAC creator should detail the idea of the DAC, how it will work and the business model e.g.
https://bitsharestalk.org/index.php?topic=7.0.What is essential here is this : If the idea could be applied to a DAC, you win the milestone no matter what. So it does not matter if the idea is judged good or bad by the community. The only requirement here will be that it could work as a DAC. This will encourage DAC developers to go into the process without the fear of being rejected by the community.
Milestone two rewards :1000 PTS : Proof of code the DAC developers should submit to Invictus some code that shows meaningful advancement in the development of the DAC (there should be clear rules to be defined to quantify the "meaningful developments" ). This code would be release as open source only after 60 days. This will ensure the DAC developer that no one could steal the code and use it to release the DAC before the original developer. In the same time it will stimulate the DAC developers not to waste any times and work towards milestone 3 knowing that his code will be released.
Milestone three, four,etc: 2000 PTS : More proof of code .. same rules as milestone 2
Final milestone will be the released of a working DAC .
This will be a win-win situation for everybody. For the DAC developer: he'll know 100 % he'll have the funds to build his DAC from the beginning of the development, not at the end like in classic bounties. He'll also know that nobody could stop the development as long as he fulfills all the requirements. He can start anytime so he should not wait for a fix date like for example the Shark Tank competition.
For the community: each DAC must honor the social consensus so reward 10/10 AGS/PTS . Even if the DAC is not completed, each milestone payed rewards the community too, so nothing is lost.
This are just some basic ideas. The rewards or the number of milestones are just examples. It could be more or less.
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