Altcoin Company’s Refusal to Burn All Cryptocurrencies to DAO Led to a Fall!

Serious discussions between the cryptocurrency-focused media organization Bankless and BanklessDAO, which represents the community, have evolved into a possible separation.

BanklessDAO from Arbitrum last week 1.82 million ARB When he demanded it, chaos broke out. Co-founders of Bankless david hoffman And Ryan Sean Adamsarguing that such a proposal should not be made by a decentralized autonomous organization (DAO). They want to separate Bankless and BanklessDAO told.

Made by David Hoffman on social media in sharingDAO’s kgoing beyond one’s jurisdiction To state that you are using the Bankless brand and where it will be used, empty, An offer that damages the brand He emphasized that he offered

Bankless co-founder stated that they will submit an offer to leave DAO and if the offer is accepted, all BANK tokens will also be burned stated:

We plan to submit a management proposal to BanklessDAO early next week to clarify the brand distinction between the organizations. We also plan to burn all our BANK tokens after this offer.

Despite the criticism from Twitter this weekend, we are proud of what the DAO has achieved and the incredible people within it; We believe brand clarity will help it grow outside the BanklessHQ shadow.

According to CoinGecko data, within 24 hours due to the news flow BANK lost 25% valueduring writing from $0.00279 is being traded.


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