DAO

Empowering the Community: Shiba Inu's Decentralization Journey

Tuesday. August 20 at 4:00 PM

1 min. read

During the latest episode of the AB Majlis podcast, Shiba Inu's lead developers, Shytoshi Kusama and Kaal Kaal Dhairya, announced their plan to transfer control of the project to the community by year-end. This move aims to achieve true decentralization, aligning with the founder Ryoshi's vision. Kusama emphasized empowering the community, while Dhairya highlighted their transition from regular members to project leaders. Both developers, known for their anonymity, see it as a strength to gather unbiased feedback. Their departure signifies a shift towards community governance and technological advancement. Kusama stressed the community's importance in Shiba Inu's success, emphasizing the power of collective genius. He downplayed his role, attributing the project's success to the community and innovative technology. The focus remains on transitioning to Web3 technologies and embracing the community's influence. SHIB is currently trading at $0.00001315.

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Latest Crypto News Highlights

Thursday. January 2 at 4:00 PM

Stay updated on the latest in the crypto world with daily news covering Bitcoin, blockchain, DeFi, NFTs, Web3, and crypto regulations. The Floki community has dedicated funds for an upcoming Exchange-Traded Product (ETP), while illegal crypto ads persist in the UK despite warnings. A proposal in Switzerland aims to require the central bank to hold Bitcoin. Memecoins, like Floki, have seen significant growth, with the ETP set to launch in 2025. Despite regulatory actions, many crypto ads in the UK remain active. The Swiss National Bank may soon hold Bitcoin, pending a public referendum. Advocates are pushing for this change, with previous attempts dating back to 2021. Stay informed with our Crypto Biz newsletter for key insights on blockchain business trends and regulatory updates.

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Controversy Surrounding Polymarket and Decentralized Prediction Markets

Thursday. December 19 at 7:00 PM

Polymarket, a decentralized prediction market platform, has faced scrutiny over governance and reliability issues. The platform gained attention for predicting the likelihood of an Israeli military action in Syria by 2024. However, concerns arose regarding alleged manipulation by the 'oracle' provider UMA and the overall trustworthiness of decentralized betting systems. Despite generating significant trading volume, some predictions by Polymarket have faced criticism. Disputes over market resolution criteria persist, with UMA voters settling in favor of 'Yes' twice. Critics accuse UMA whales of exploiting delays for profit, while UMA co-founder refutes these claims, emphasizing adherence to rules. The incident highlights vulnerabilities in Oracle governance within decentralized platforms, impacting market fairness and legitimacy. The controversy underscores the challenges faced by such platforms in balancing innovation with accountability to maintain user trust and transparency.

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Enhancing Web3 Community Building with Galaxis Staking Programs

Thursday. December 12 at 2:00 PM

Galaxis has introduced two new staking programs to revolutionize community participation and benefits within Web3. The platform, known for providing self-sovereign digital spaces for creators and brands, offers digital membership cards for figures like Donald Trump and brands such as the NBA. The Governance Staking for Members and Engine Superlock for Engine Holders initiatives aim to empower community members by combining governance mechanisms with token rewards. By staking GALAXIS tokens, members gain voting rights to influence platform decisions. The voting power calculation ensures fair representation, preventing dominance by larger token holders. Active voters receive monthly token rewards, with additional incentives for long-term engagement. The Engine Superlock program rewards engine holders for their commitment to the ecosystem. Galaxis CEO envisions the platform as a hub for building thriving decentralized communities, offering innovative solutions for community engagement and monetization.

DAO

Revolutionizing Investment with AI16z DAO

Tuesday. December 10 at 10:00 AM

AI16z DAO is changing the game in crypto community investments by leveraging AI for data-driven financial decisions. The decentralized autonomous organization, with its own token, aims to challenge Silicon Valley's traditional venture firms. Launched in October 2024, the project operates independently from a16z but has already amassed a market cap exceeding $500 million. Unlike traditional venture funds, AI16z allows anyone to invest through its token, managed by an AI agent named 'Marc AIndreessen.' This AI-driven approach eliminates human biases, streamlines decision-making, and focuses solely on data analysis. While still in the testing phase, AI Marc has not made any investments yet. The project's transparency, open-source framework, and potential for growth have garnered significant attention, with the AI16z token's value surging over 1660% since November 2024.

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