XAO DAO Marks New Step In Decentralized Governance On XRP Ledger
XAO DAO is about to launch, pledging to pioneer the integration of decentralized DAOs on the XRP Ledger (XRPL) platform. Located in Wyoming, this limited liability company (LLC) claims to lead a new era of decentralized innovation. This is a major step forward for XRPL to expand its self-governance capabilities and increase transparency.
XAO DAO's Breakthrough Functionality On XRPL
According to the announcement, XAO DAO is a new generation governance operating system for the XRPL network. It allows users to participate in the network governance process, vote on resource allocation for ecosystem projects and other proposals. In particular, this DAO focuses on real value and community development, not on meme tokens or mysterious pumps.
Members will be able to contribute their opinions and influence the development of XRPL, thereby promoting transparency and fairness in governance. It is worth noting that XRP remains central to the platform, with no plans to issue its own Token.
“We focus on real utility, governance, funding, and community. Not meme charts or mysterious pumps. Participate, contribute, build. That is the core value that will shape the future of XRPL.”
Details on How XAO DAO Works
Meanwhile, prominent investor WrathofKahneman explained that this DAO will distribute approximately 1 billion XRP Ripple has allocated to develop the XRPL ecosystem. Allocation decisions will be based on a general voting system, with the voting percentage depending on the amount of XRP owned at the time of the snapshot.
Notably, the XRPL Foundation will transfer the management of traditional grant funds to XAO DAO. This creates a transparent distribution mechanism, helping projects and proposals receive appropriate funding from the XRP investor community.
Applications and Development Potential of Decentralized Governance
Founder Santiago Velez said the governance system will use both XRPL and the Ethereum Virtual Machine (EVM) sidechain. XRPL records membership, while the sidechain is used to issue and burn governance tokens, serve proposal decisions and vote.
With support for decentralized governance, the XRP community expects XRPL to make a breakthrough in the DeFi space and the entire DeFi ecosystem. Not to mention, new developments such as the expansion of Circle USDC, the launch of tokenized US treasuries, and the deployment of EVM sidechains are helping the network grow rapidly.
XRPL and XRP's "Breakout" Prospects in the DeFi Market
XRP continues to expand its reach into both traditional and DeFi markets. On June 18, 3iQ Management launched an XRP ETF on the Toronto Stock Exchange. Several other DeFi protocols have also built products based on XRP, including Flare Network’s FXRP project and Ondo Finance’s tokenized US Treasury bond derivatives.
These developments have helped XRP maintain its position in global liquidity, increasing adoption by traditional financial institutions. The network's average activity rate has reached 295,000 active addresses in 3 months, maintaining its value and growing at least 1% despite market volatility.
Source: https://tintucbitcoin.com/xao-dao-ra-mat-he-thong-phan-bo-xrp/
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