Decentralization is the core of web3 and so we are excited and proud to announce the spinoff of the community investment department of Exnetwork Capital into the EXNT DAO!
What are DAOs?
DAO stands for Decentralized Autonomous Organization. It’s an organization owned and operated in a decentralized manner, where a community of token holders votes on decisions enacted autonomously on-chain. Unlike a centralized organization, no singular entity or individual oversees a DAO. Instead, voting rights are distributed across a decentralized community of token holders.
The EXNT token
The EXNT DAO will be governed by the existing EXNT token in which it will adopt the new meaning of Exceptionally eXperienced Network Token. It will be instrumental in building up the culture of social finance which we define as helping each become the best in the new frontier of finance.
We have adopted the EAGLE as the face of the token as it embodies the skillset required to excel in DEFI (decentralized finance). The EXNT token will also undergo a transformation with new utilities, expansion of scope and staking opportunities.
The token’s supply and contract address will stay the same.
We will publish a new white paper about the DAO in the coming days and we hope to build the first intentional community around investing, trading and building in the web3 world!
Here are the new and still relevant links to stay tuned in for the next evolution of our group!
Website: https://exnt.io
Twitter: https://x.com/exntdao
Medium https://medium.com/exntdao
Telegram: https://t.me/exntdao
Email: exntdao@gmail.com