(PRESS RELEASE – Please read disclaimer)
AirDAO is a community-driven Layer 1 blockchain with a suite of web3 dApps accessible through the AirDAO dashboard, all powered by the AMB token. The updated AirDAO Tokenomics showcases changes to AirDAO throughout 2023.
The Tokenomics upgrade ensures the success of the next phase of AirDAO and initiates the transition to community governance with the implementation of DAO voting. Updated reward structure ensures long-term network security, with improved rewards for validator nodes; adding a liquid staking solution ensures that everyone in the community can contribute to securing the network due to its lower barriers to entry.
Other changes include the Bond Marketplace, which ensures protocol-owned sustainable liquidity for the AirDAO ecosystem. The institution of a maximum token supply, with the aim of an eventual deflationary supply, is crucial for the long-term sustainability of the ecosystem – and AirDAO will implement several burning mechanisms to achieve this.
Together, these updates establish AirDAO as a community-driven Layer 1 project, set in motion the deflationary AMB token supply plan, and ensure long-term network stability with an improved rewards structure. The AirDAO community will decide whether new and improved Tokenomics are implemented through DAO governance, using a transparent voting process using Snapshot.
Since its launch in September 2022, AirDAO has launched the first products which form the backbone of the nascent ecosystem and serve as the basis for further development. These include the AirDAO Bridge, enabling cross-chain transfer of assets to Ethereum and BNB Chain, and AirDAO Staking. AirDAO products also include a network explorer to view wallets, transactions and tokens. All the launched products can be accessed through the flagship product, the AirDAO dashboard.
The AirDAO dashboard streamlines the DeFi experience into an all-in-one intuitive interface, unleashing the power of dApps (decentralized applications) by making the user experience as easy as possible. This simplicity-focused approach is reflected in the first dApp released on the dashboard – FirepotSwap – A DEX (decentralized exchange) that refines the typically complicated DeFi trading experience into a simple asset exchange and empowers users bet chips with one click and earn rewards.
AirDAO’s community orientation extends to DAO’s unique governance structure, where all members of the community will have a say in how the ecosystem and blockchain are managed while having leadership teams empowered to enact change effectively.
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