Why FNDZ is turning into a DAO

In our eyes, FNDZ has always been a platform that’s been developed to make it easier for anyone to start following more experienced traders and thus not having to do a ton of research before making decisions on what asset to invest in. For traders, both novice and experienced, it creates the opportunity to showcase their skills and on top of that actually use FNDZ to monetize them. This creates an exchange between beginner investors and these traders or vault owners as we’d like to call them.

The FNDZ platform is actually built by crypto enthusiasts for the crypto enthusiasts. The FNDZ ecosystem allows anyone to create a vault or deposit into one. Meaning transactions can be made without interference of its creators. That in itself is the core of decentralization.

We have already made this possible by running our entire platform through means of smart contracts, which are on chain contracts in which is determined how any user interacts with the FNDZ ecosystem. The process of vault creations, placing orders and depositing into the platform are executed because of these contracts.

DeFi or Decentralized Finance in full has the ability of giving back to the community as the ethos of decentralization is to not give complete control to one single entity, which with FNDZ we created.

But that’s not where we stop. Any platform is as strong as the people that actually use it. The people that end up using the platform will spot things that can be improved for overall user experience, features that need to be added to complete the platform and so much more.

For example our technology allows us to create any index vault that we can think of, as long as the assets are available on BSC of course. But the community might want different vaults than we might’ve planned, so why not let them have a say in things we can build for them so the platform becomes a platform that is run by its end users.

Now that we’ve built the complete architecture, for us, it is time to give back control to the users and allow them to become part of the platform by incorporating governance and turning into a DAO.

This means that there are way more benefits for FNDZ token holders than just the token price or earning rewards for staking. By turning into a DAO any FNDZ token holder will have the availability to vote on proposals. The more FNDZ tokens any user holds, the more tokens you hold, the more voting power you have and the more of a say you have in the DAO.

To me transforming into a DAO is both exciting but of course comes with its challenges. For example, within a DAO structure, us, Core Contributors work in favor of the DAO meaning the DAO pretty much tells the Core Contributors what to do. So we lay our trust in the hands of other people whom we very often don’t know nor their intentions. But of course the community wants a project to thrive as much as we do, so in reality it should not be that much of an issue.

So to summarize how does this benefit you as a FNDZ investor?

Turning into a DAO makes you part of it going by the amount of tokens you hold in your wallet. The more tokens you have the more of a say you have within the DAO because you have more voting power. This will allow you to help the DAO move forward, think of new ideas, features and by doing so work alongside the team of Core Contributors!