Ripple has introduced XAODAO, a decentralized organization, to revolutionize innovation on the XRP Ledger (XRPL) with a focus on decentralized decision-making and enhancing community participation.
XAODAO operates based on decentralization, blockchain technology, and member engagement to empower XRPL members in participating, voting, building, and funding innovation.
This initiative shifts decision-making control from central authorities to the community, ensuring transparency, security, and reliable operations.
XAODAO has legal accountability and is considered more than just a decentralized finance (DeFi) project, aiming to provide community governance for the XRPL to allocate development funds.
With a structured process of proposing, voting, influencing, and repeating, XAODAO enhances community governance on the XRP Ledger.
The potential of XRP token's breakout and performance is also highlighted, as it currently struggles with a 0.11% decline, trading at $2.1.