Let’s build a better Web3 altogether with ParaState
The Tribe of State NFT mint window is closed!
Congratulations to all our users that are Private investors, who participated in Republic round, Gleam, and who staked in the current governance staking contract.
You all had the opportunity to Claim the Tribe of State NFT.
Tribe of State NFT is the identity and badge to participate in the ParaState DAO.
We prepared instructions for you on how to get access to a special #governance Discord channel:
Step 1: make sure you have Tribe of STATE NFT in your wallet
Step 2: go to the #connect-wallet channel and click the button labeled ‘Let’s go!’
Step 3: follow the steps to connect your wallet that has your Tribe of STATE NFT in it to the Collab.Land page
Step 4: you should be granted the new role “DAO” and will now be able to see the #governance channel under ‘COMMUNITY HUB’
What can you do there?
The #governance channel is a special private Discord channel to discuss key governance issues, where you will be the first to get project development details and enjoy priority to unlock new incentivized tasks. You are the first group of ParaState members who will engage with early-stage community governance. Let’s build a better Web3 altogether!
What is the Tribe of State NFT?
Tribe of State NFT is the identity and badge to participate in the ParaState DAO governance. The rarity is generated randomly during the initial mint, and the team plans to open more opportunities and benefits for NFT holders in the future...
How is the ParaState DAO business model structured?
ParaState is a decentralized autonomous organization (DAO) funded by the $STATE token, supported by a basket of native cryptocurrencies from other platforms where ParaState technology deploys...
The ParaState Foundation will manage the developer treasury and execute the decisions of the DAO at the very beginning. Ultimately, all STATE token holders will oversee and exercise decentralized governance as part of the DAO.
We also remind you that ParaState DAO is a blockchain community that has created a Non-custodial staking infrastructure for Ethereum 2.0 called SafeStake.
Why should you pay attention to SafeStake and Proof of Stake?
After the transition of Ethereum to PoS, the blockchain will significantly reduce inflation due to a new, simpler consensus algorithm. In simple terms, the network will not need to issue many ethers to secure the blockchain.
As a result, ETH will become an increasingly deflationary asset and will seriously compete with Bitcoin
As a result, ETH mining will fall below 1% per year, becoming the lowest emission asset in the entire crypto market.
Ethereum will also be the first profitable blockchain in history.
ParaState is introducing an early access program for the Galileo testnet to a limited number of Operators. Secure your spot by submitting an onboarding form as soon as you can. The Verified Operators will be eligible for:
✅ Early access to the Testnet
✅ Incentivized Testnet Rewards
✅ ParaState Governance NFTs
Secure your ‘ETH2.0 Staking Operator’ spot now!
The early access onboarding form for ‘Operators’
Keep in touch and DYOR of ETH 2.0 and ParaState technology.
We will build a better Web3 altogether!
About ParaState
ParaState takes Ethereum chain support to the next level through WasmEdge, by developing and executing high-speed smart contracts with built-in Ethereum compatibility (EVM and EWASM) and interoperability in next-level programming languages like Rust, C ++, and Golang.
Parastate is participating in ETH2.0 PoS Staking with a new tech stack called SafeStake, a trust-minimized, middle-layer fostering the decentralization of ETH2.0 staking. SafeStake is a non-custodial infrastructure for distributed validator technology written in Rust, implementing HotStuff consensus and Threshold signing architecture to provide more robust security for ETH 2.0 PoS.
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