October 7, 2022
XDAO is live on SKALE
Decentralized Autonomous Organizations, more commonly known as DAOs, can be described as social organizations whose rules are automated in smart contracts on the blockchain. Community members part of a DAO can be categorized into two different membership tiers. Members can hold tokens that grant them voting rights or submit proposals to a DAO that showcases their value to the community. DAOs show the massive potential that blockchain technology, with the implementation of smart contracts, can eliminate intermediaries in finance, such as traditional banks. XDAO, now live on SKALE, is doing precisely that with its unique tool that creates Decentralized Autonomous Organizations (DAOs) and jointly manages crypto assets in just a few clicks!
XDAO is a multichain DAO ecosystem built for a decentralized future. Its fully customizable tool is used for treasury management, multisig wallet, and as a platform for investment. All of this makes it the fastest framework to create and manage decentralized autonomous organizations. XDAO can collect funds to invest in other projects through launchpads and other platforms. It helps mitigate risk by deciding where and how much to spend in invested companies and can even serve as a guild to jointly buy and sell NFTs. SKALE’s zero gas fee structure encourages community members to become more involved in the project, as it is more environmentally friendly and fiscally responsible.
Who can use this tool?
- Venture funds
- Investment pools
- DeFi projects
- NFT and GameFi collectors
How can XDAO be used?
- Manage the treasury of the DeFi project
- Manage and distribute (salary, marketing, etc.) capital in any organization on the blockchain
- Invest in DeFi with shared assets
- Buy NFTs and collectively participate in GameFi
- Carry out charitable activities
- Participate jointly in allocations, IDO, Launchpad
- Manage family assets
SKALE, an Ethereum native, modular blockchain that offers zero gas fees is proud of this integration!
For more information on XDAO, check out the following resources below
For more information on SKALE
SKALE is an Ethereum native, modular blockchain network composed of high-throughput, low-latency blockchains that are optimized for Web3 user experience. SKALE chains offer zero gas fees to end-users and have advanced features such as on-chain file storage, interchain messaging, zero-cost minting, ML/AI smart contracts, and enhanced security features.
The SKALE network enables developers to deploy their own EVM blockchain in minutes without sacrificing speed, security, or decentralization. Welcome to the SKALEverse.