The XDAO team announces the upcoming launch of the new $DAO token, which will become the primary and unified token connecting the XDAO ecosystem across more than 40 blockchains, including the TON blockchain. The new token will be launched exclusively on TON and will not be available on other blockchains. This move aims to simplify management, increase efficiency, and provide more opportunities for ecosystem participants
REASONS FOR NEW TOKEN: WHY $DAO?
Updating tokenomics to support ecosystem growth
To actively expand the ecosystem and increase user engagement, the team has decided to allocate a significant portion of tokens for an airdrop and distribute them among active DAOs. This will help boost activity and product adoption, making it accessible to a larger number of users. This approach requires adjustments to the original tokenomics and the launch of the new $DAO token on the TON blockchain
Technical challenges of a multi-blockchain structure
XDAO already operates on more than 40 blockchains, and maintaining bridges between all these networks requires significant effort and resources. Currently, the Web3 infrastructure does not offer an easy way to manage such an extensive network. Developing custom infrastructure for each blockchain would be resource-intensive and impractical, which is another reason for the transition to a single $DAO token on TON blockchain. Now, all functionality and management from other networks will be handled through TON blockchain and Telegram Mini App
Strategic perspective: TON ecosystem and Telegram Mini Apps
We see huge potential in TON ecosystem and Telegram Mini Apps. The new token will allow us to integrate into this growing ecosystem and leverage TON’s advantages, such as high transaction speed and functionality. Telegram Mini App will provide a user-friendly interface and accessibility, making it easier for users to interact with the $DAO token and the XDAO product
$XDAO TO $DAO CONVERSION
Understanding the importance of our holders’ interests, we are providing all $XDAO holders with the opportunity to convert their tokens to the new $DAO token after its TGE. This ensures a smooth and fair transition without any losses for investors
Key points of the conversion:
- Temporary primary token: until the $DAO token launch, $XDAO will continue to function as the primary token
- Holder guarantee: the current $XDAO token will serve as the key for conversion to the new $DAO token
- Conversion for all holders: regardless of the method or price at which $XDAO was purchased, every token will be preserved and proportionally converted to the new $DAO, ensuring the protection of all holders’ interests, including those who bought $XDAO on public exchanges
PROSPECTS FOR THE XDAO ECOSYSTEM AND COMMUNITY
The transition to $DAO within the TON ecosystem marks a new phase in XDAO’s development, providing a reliable and promising asset for all participants. We believe that the updated structure and single token on the TON blockchain will offer our community greater growth opportunities and enhance overall liquidity. We thank our investors and tokenholders for their trust and support as we move toward new achievements
STAY WITH US
Follow our official channels to stay updated on the launch of the new $DAO token and the conversion process. We’re here to answer any questions and provide all the information you need. Exciting news and opportunities await us!
