The Summon Association plans to leverage this innovative new solution during the Summon token public sale, removing the need for a third party and disintermediating custodianship altogether. Summon tokens allocated for the public sale will be sent to the smart contract in advance so that users can audit the open-source code and see exactly how they will be interacting with this trustless system.
This novel system was engineered by Summon Labs developer and long time Cardano open-source contributor Dominik Zachar. Dominik, also known as dzCodes, has been a long time core contributor to ADAOcommunity with work that can be seen in a great majority of the ADAO open-source GitHub repositories and Dapps. He is also known for his passion project Cardano Sounds, which enables artists of all mediums to leverage the power of Cardano Smart Contracts without need for coding. In all of dzCode’s work, it is easy to see a common theme, putting decentralization and first principles first, and valuing the trustless, permissionless capabilities of blockchain.
Thanks to the non-custodial nature of this new solution, any person with a Cardano wallet will be able to visit the site, review the terms and conditions, connect their wallet, and purchase Summon tokens. The physical infrastructure demands placed on the Summon Association will be significantly reduced so that it can focus on its core mission of serving the community of DAO users.
Another unique and innovative feature of Summon Platform’s open source smart contract system is the trustless batching system. More recently in Cardano we have seen a few different takes on batching systems but they are, for the most part, permissioned, meaning only a select few “batchers” are allowed to participate and ultimately earn a fee for doing so. With this new open-source system, we can be assured that any user will be able to fill and order transactions, just like block production on Cardano.
The Summon Labs team plans to also include this secure and scalable solution as part of the Summon Platform, so any project can seamlessly use it for their own community sale or distribution without the need to code their own backend.
The initial sale of Summon tokens will go live on August 15, 2022 and last only three days or until the allocated tokens are sold out.