RE: Governance Proposal Announcement
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I am likewise very excited to here this and am hoping that this will bring a change to the entire ecosystem.
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You are viewing a single comment's thread:
I am likewise very excited to here this and am hoping that this will bring a change to the entire ecosystem.
Thank you for the support @embassyclassic! There's so much we'll be able to do when we have resources available in the DAO.
Thank you very much sir for your kind gesture but please if I may ask please what is the meaning of DAO or is there any link you would send for me to read more about it?
DAO just stands for Decentralized Autonomous Organization. It's just a way of talking about decision making for groups when no one person makes the final call. I probably should have been more specific and said our token fund in this instance because we also have a governance DAO that we issue governance proposals against.
Right now our token fund is distributing 280000 SPORTS every day but that's all being consumed by the SWAP.HIVE / BTC pool rewards. I would like to see that increased as I described in this past proposal to be more in-line with how Hive is set up.
Wow... Thank you very much for taking the time to explain this to me more. You have a nice proposal and I Pray that this will soon become a reality.