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XRP News: XAODAO Is Going Live — Get Ready for a New Era of XRPL Governance

  • 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.

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