0xDAO Introduction
0xDAO was created to combat the emergence of short-term veDAOs designed to steal liquidity from dedicated Fantom builders.
0xDAO is being launched by founders from some of the most successful projects on Fantom, and which is designed to capture long-term value for the entire Fantom ecosystem.
The components of 0xDAO:
- Token Distribution Model
Decentralised Treasury Management
The team has decided not to seed any initial liquidity for OXD; but instead to publicly bootstrap liquidity from nil.
Tokenomics & Launch Stats
- a total supply of 2 billion;
- emissions of 1000 OXD / second;
- the total supply of OXD being emitted in 23 days from launch; and
- target launch date/time: Friday, 21 Jan 2022 approx. 3PM (EST).
Governance
Holders of OXD will be able to participate in decision-making, including whether to sell the ve(3,3) airdrop and distribute funds to OXD holders.
Security
The contracts deployed for 0xDAO have been battle-tested by Spooky Swap and audited by CertiK, Justin Bebis from the ByteMasons team is also providing additional assistance.
Source
https://medium.com/@0xdao/0xdao-meet-the-new-fantom-ecosystem-dao-86a8d6026191
