What is DAO and how it works
DAOs involve a set of interaction between people according to a self-enforcing and open-source protocol. The ability to keep the network safe and perform other network tasks is rewarded with the native network tokens. Blockchains and smart contracts hereby reduce the transaction costs and improve the management of transparency at higher levels, aligning the interests of all stakeholders by the consensus rules tied to the native token. Individual behaviour is incentivized with a token to collectively contribute to a common goal.
Members of a DAO are neither bound together by a legal entity, nor entering into any formal legal contracts. Instead, they are steered by the incentives tied to the network tokens and the fully transparent rules that are written into the piece of software, which is enforced by consensus machine. There are no bilateral agreements but only one governing law, that is, the protocol or smart contract regulates the behaviour of all network participants.
To invest in DAO
Becoming a DAO shareholder is relatively easy, especially if you know how to buy Ether or Bitcoin and already had a wallet. All you need to do is to buy the tokens of a particular DAO, roughly equivalent to buying shares of a company.
Once the funding phase is closed, you will be able to make proposals as well as vote on them and even make profits. The amount of the purchase of tokens will correlate with the amount of voting power you will get.
Before you invest, though, making sure that you have already understood what you would engage in. DAOs are completely transparent and their underlying codes are always open-source, which means that you have a chance to review the codes in order to make sure that there is no bug and mistake.
Future of the DAO
What does the future hold for the DAO? The originally envisioned of DAO had not returned until mid-2020. However, people’s interest in the decentralized autonomous organizations has continued to grow.
While there are many concerns regarding its legality, security, and structure issues, some analysts and investors believe that this type of organizations will eventually come to prominence, even replacing the traditionally-structured businesses.
What is Qian?
DAO belongs to community -QianStablecoin , a new generation of crypto stable coin. QIAN is a stablecoin protocol based on Ethereum and Binance Smart Chain. It provides a one-stop liquidity solution for mainstream encrypted assets. It is committed to allowing users to pass the encryption held by users with low risk, no cost, and no loss of ownership. Assets obtain immediate liquidity while users can inject encrypted assets into the protocol and lock them in order to mint the stablecoins in the QIAN protocol. Besides, stablecoins can also be returned to smart contracts to redeem encrypted assets.
Who creates QIAN
QIAN’s team comes from Fortube’s team, and QIAN will deeply cooperate with Fortube in terms of the development of community, function and technology. In addition, Qian’s development team is from one of the top5 projects on BSC.
ForTube is a decentralized lending platform based on The Force Protocol that enables crypto holders to borrow and lend in a decentralized method
As the leader of crypto assets lending platform, Fortube shows its importance in the field of DeFi with its hard-working and friendly team. Fortube’s team is willing to support every user with their products and services. From the founders to everyone in ForTube team are ready to support their users and strategic partners.
The ultimate goal of ForTube is to enable Ethereum DeFi applications and even future cross-chain applications to gradually approach the development of iteration speed and user experience on traditional Internet products.The Fortube team has a crypto asset security defense technology, including a multi-signature system, a security system to prevent and control high imitation programs. The core technical structure of ForTube can be divided into two parts, APEC (Assets Protected Elastic Contracts) on the blockchain and BEAMS (Blockchain Enquiring, Auditing & Messaging System) beyond the blockchain. All the APEC and BEAMS ensure the maximum security for assets ‘ safety in the smart contracts.
The DeFi platform operates on Ethereum and Binance Smart Chain, providing crypto investors with the benefits of both networks.
What is KUN?
KUN is the governance token of the QIAN stablecoin protocol, being used to vote on QIAN ecological governance and to maintain QIAN price stability. Each holder of KUN is a governor of the project and can use KUN to make proposals and vote.
Qian protocol launches QUSD mining and KUN mining
As more and more people know about DEFI, how to choose a DEFI project has become the key. A decentralized stable coin project has gradually attracted the attention of the industry, which is QIAN, a decentralized stablecoin protocol that supports the issuance of various stablecoins on Ethereum and Binance Smart Chain.
Reward of minting and mining has been triggered due to the total circulating supply of $QUSD exceeding 30 million. The #balancer liquidity pool still keeps #APY over 2700%! Just add your QUSD liquidity into Balancer and enjoy it!
Learn more about QIAN
Web: https:// qian.finance
QIAN Official Telegram Group: https://t.me/qianprotocol
QIAN Official Twitter: https://twitter.com/QIAN_Stablecoin
(Syndicated press content is neither written, edited or endorsed by ED Times)