A naukri.com initiative
TronWeekly
3w
74
Image Credit: TronWeekly
XAO DAO Launches First Decentralized Governance Platform on XRP Ledger
- XAO DAO launches as the first decentralized governance platform on the XRP Ledger, enabling XRP holders to vote and propose without introducing a new token.
- Voting power in XAO DAO is tied to XRP snapshots to ensure fair governance for all users.
- Strategic grants from XAO DAO will support XRPL developers, validators, and startups.
- The platform will facilitate funding decisions, voting on ecosystem initiatives, and proposing innovations directly on-chain.
- XAO DAO will operate entirely on XRP for all governance activities, avoiding the need for a new governance token or pre-sale.
- Recent surge in activity on XRPL has led to the need for a structured and decentralized governance system like XAO DAO.
- The voting system by XAO DAO prioritizes fairness and transparency, preventing large holders from dominating outcomes.
- Proposals submitted to the DAO will undergo scheduled voting periods with results announced publicly.
- XAO DAO's governance cycle involves proposals leading to votes, votes to funding, and funded projects contributing to XRPL's growth.
- Focus of the DAO will be on real-world results, supporting developers, validators, branding campaigns, and startups in the XRPL ecosystem.
- XAO DAO aims for practical governance without the introduction of a new token, emphasizing XRP utility and community engagement.
- Core values of XAO DAO include accessibility, transparency, and innovation, welcoming contributions from the XRP community.
- Governance of the DAO will be on-chain, free from centralized control or insider influence, with a public waitlist for early participation.
- XAO DAO is expected to launch by the end of summer, offering a decentralized approach to governance on the XRP Ledger.
Read Full Article
4 Likes
For uninterrupted reading, download the app