PowerDAO Protocol ✊⚡️
@PWRDAO
Followers
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Following
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PowerDAO Protocol is a next-gen model for skin-in-the-game governance optimized to enable transparent decision-making and accountable product development.
Joined August 2022
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Send us removal request.
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Last Seen Profiles
✊⚡️Ready to take ur power back? Welcome to the Power Protocol! Why join us?
✅Governance. You're a part of decision-making
✅Passive income. Voting on proposals can earn you >18% staking interest on ur $PWR
✅Community. More involvement = bigger treasury
3K
35K
18K
🎉The $PWR airdrop distribution is officially complete, and it's time for you to claim and stake your tokens👇
1️⃣ Visit 💻
2️⃣ Connect your Waves Wallet 🌊
3️⃣ Head over to "Retweet Airdrop" 🔄
4️⃣ Click on the "Claim and Stake" button ⚙️
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Governance is beyond broken.🤔Too often, the ill will of a few often smother the good will of the many.
The Power Protocol helps communities take their governance $POWER back✊⚡️
Today we are excited to share the white paper for Power Protocol’s vision with you 🧵👇
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✊⚡️ Power Protocol is coming online soon with the
@PWRDAO
launch and genesis fAirdrop of $POWER tokens.
Read more about Power DAO here👇
Governance is beyond broken.🤔Too often, the ill will of a few often smother the good will of the many.
The Power Protocol helps communities take their governance $POWER back✊⚡️
Today we are excited to share the white paper for Power Protocol’s vision with you 🧵👇
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🔥Power DAO is here! Power Protocol and dApp are ready to become the foundation of a better Web3 world.
🚀Now you can start or migrate your project to Power Protocol & enjoy a 100% fair governance model
Check out our blog post for participation details👇
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❤️ $XTN holders check
#PowerProtocol
app! Your Airdrop tranche is done!
More than 40 $XTN gave you $POWER!
Your tokens are claimable now here:
On claim, they are staked for 2 weeks then the $POWER is yours ✊⚡️
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"Power DAO will reach outside the blockchain and provide real-world value" ✊⚡️
@sasha35625
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📣 Genesis fAirdrop Snapshot is COMPLETE!
All on-chain $WAVES holders as of block height 3549250 will qualify. $POWER distribution begins next week.
Phase 2 begins now! Web3 communities - apply for a community airdrop here:
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🌊Join the
#Waves
Ambassador DAO and become a part of our decentralized community!🚀 Earn a stable income by spreading the word about Waves.
Ambassador DAO operates on $PWR tokens. Stake your tokens in the DAO and complete tasks (retweets, likes, and more) to earn a 10% monthly
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$PWR Airdrop Alert‼
If you held more than 1 WAVES at Snapshot time... In pools or in your wallet.
Check your profile here👉
11k Wallets just got their share of 1k $PWR tokens!!
More to come ✊⚡️
📣 Genesis fAirdrop Snapshot is COMPLETE!
All on-chain $WAVES holders as of block height 3549250 will qualify. $POWER distribution begins next week.
Phase 2 begins now! Web3 communities - apply for a community airdrop here:
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Not all DAOs are created equal.
“Crypto governance is more political than you think”
Simple token governance, old world problems.
The
@Uniswap
v3 launch proposal exposed the influence of lobbyists in blockchain governance.
A thread 🧵 1/
Crypto governance is a lot more political than you think
Right under our noses, a dramatic battle played out between
@wormholecrypto
and
@LayerZero_Labs
last week
Where did this take place?
On the Uniswap forums
Let’s break down the politics behind the recent proposal👇
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PowerDAO is loading... Join us and Take Your Power Back! Signal your support by:
🟢Retweeting this post
🟢Adding ✊⚡ to your Twitter Name
🟢Changing your profile photo to the $POWER symbol
🟢Joining our Telegram group👉
#StartYourDAOTakeYourPowerBack
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$WCT holders have their $POWER already, but there's still time to participate in the $POWER Airdrop!
The Snapshot for $WAVES holders will be taken - sometime - next week! 🧐
Here’s how to qualify in style 🔥
A thread 🧵👇
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We're partnering with
@xdaoapp
to give its 22k DAOs better governance systems.
XDAO is a DAO-builder for secure management of crypto assets. With an already massive community of 80k MAUs!
XDAO members, time to take your
#POWER
back!
Start here:
We're very excited to announce our partnership with
@PWRDAO
!
#PowerDAO
is a new open-source governance model built on
@wavesprotocol
that aims to bring communities together to make a difference and achieve 🌎 real-world goals 🎯.
Our strategic partnership includes:
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Hey $WCT holders! Check your wallets for $POWER! ✊⚡️1st phase of the fAirdrop is complete.
$WAVES holders you’re next! Coming?? Next week😜
Wondering what to do with your $POWER?
🔥
@WXNetwork
liquidity pool is LIVE here👉
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Let’s be real. DAOs are broken.
Bad actors, apathetic voters, covert centralization, community chaos and regulatory paralysis need to be fixed.
⚡️Enter: Power DAO,a next-gen model for skin-in-the-game governance is coming. Take the $POWER back.
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🧵/ To stay connected to the growing Power Protocol community subscribe to the Waves Blog and Rising Tide Newsletter and join our Telegram channel
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21/ Power Protocol is the only DAO platform to resolve these issues through the following governance innovations:
- Transparent KPI tracking
- Participation incentives
- Bad actor disincentives
- Self-stratification
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Governance has long been a central challenge for Web 3, but with the rise of decentralized technologies we now have an opportunity to build a new kind of governance – one that is more inclusive, transparent, and effective 🧵✊⚡️
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✅ Social consensus is key to effective governance, and with the rise of decentralized technology, we now have the tools to improve how we manage communities and societies.
🧵👇
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👀Read the complete Power Protocol whitepaper for all the features and mechanics and some use cases to illustrate how this novel system can help your DAO or any DAO you want to create 🔥👇
✊⚡️
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🚀 Are you ready to invest in the future of blockchain technology and experience the power of the crowd?
Introducing WavesDAO, the first for-profit DAO on Power Protocol!
Read more here:
🧵👇
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20/ Power Protocol is designed to solve simple token governance flaws and is built specifically to remedy issues like:
- Whale manipulation or selfish voters
- Apathetic or easily coerced voters
- Stagnant or stalled project development
- Community conflict or chaos
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Want to help spread the word? Quote tweet this tweet and tag your friends!
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8/ Ready to start your own ChildDAO on Power Protocol?
Our article will teach you everything you need to know - from setting goals to using the PowerDAO community for governance decisions.
👉
📖
#DAO
#Governance
#Blockchain
#Crypto
#PowerDAO
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5/ A winning value proposition is essential to attract governors and investors.
Create a value proposition that clearly states why a governor should be part of your DAO and why someone should invest. 💸
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🪜🚀The Power Protocol white paper launch is just the first step toward more sophisticated governance models which anyone can build on the Power Protocol so that all can take their $POWER back.
Power DAO is set to launch in Jan 2023❄️
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6/ Decentralization is key to a successful DAO.
🤝 Maximize decentralization in your proposal by stating the amount of $PWR tokens you want staked.
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7/ PowerProtocol enables safe fundraising to complete your DAO's goal
The escrow function holds in escrow treasury funds until your fundraising milestone is reached.
= Raise funds without risking investors' money. 💰
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19/ To upgrade your DAO’s governance, join the Power DAO community by holding $POWER then propose your community for a $POWER airdrop and Special Purpose DAO.
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17/ How to fix simple token governance
DAO governance mechanics needs a hard reboot.
Simple token governance is too easy to exploit.
For collective governance to work and be legitimate, voting power AND responsibility must be shared by each individual in the community.
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18/ Power Protocol is a meta-governance platform for new and existing DAOs.
Engineered to be transparent and to keep community members accountable to each other.
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2/ Power Protocol offers unique security and accountability features that make governors accountable and reduce the risks of collusion.
🛡️💰With enhanced accountability, investors' funds are more secure, as governors have skin in the game.
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Good governance is nearly impossible for most DAOs that rely on simple token governance. Why?🤷
1⃣ It does not optimize for making the best decisions for the DAO.
Bad faith voter actions cannot be restricted & uncaring voters either don’t participate or can be easily bribed😬
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8⃣ Click the link to read the full article for more details on the airdrop and how it will be executed👇
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⚡️Power Protocol is based on the assumption that accountability and transparency in collective-action and decision-making are critical, and is for any 🦸🦸♀️community that shares the core values of meritocracy, integrity, accountability, and antifragility
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16/ What happened at Uniswap shows that DAOs need to fundamentally rethink and retool their governance mechanics.
If whales can purchase a controlling share of the DAO then it is nothing more than “governance theatre”
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🙋Each SP-DAO initiation proposal will include enough information from the proposer for the Power DAO community to understand, assess, and decide if they want to offer Power DAO resources or support💪
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Once activated, SP-DAOs may operate in two different modes:
🤝 Governance Mode: votes require minimum quorum and consensus thresholds as defined in the initiation proposal
✅ KPI Settlement Mode: votes either pass and distribute a reward, or fail and slash $POWER
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2/ Why DAOs?
DAOs embody the altruistic principles of blockchain technology
Decentralization shares responsibility, authority, and decision-making across multiple parties
@ErikVoorhees
on public open decision making:
The DAOers say the new structure is empowering, invigorating and a natural fit for our fluid work-from-home schedules. “It feels so much more collaborative. There’s a unified sense of purpose,”
via
@coindesk
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3/ But to create the next SuperMassiveDAO you’ll need to attract governors and investors.
Governors = $PWR token holders
Investors = $WAVES token holders
💡To attract those people you’ll need a clear initiation proposal.
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Remember, your received $PWR tokens will be locked for 2 weeks.⏳
If you have any further questions, feel free to ask them in our official group👉
Thank you for being a part of the $PWR community!🚀
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💪Are you a holder of $PWR? If so, you're already a member of PowerDAO, and we have a guide on how to make the most of your $PWR and earn up to 60% APR!🔥
💸Your involvement in active proposals counts, and you will be rewarded! Get started here👇
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4/What’s an initiation proposal?
✚The DAO goal
✚The Value proposition for Governors and for Investors
✚The KPIs to look at to verify success at completing the goal
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3/ Simple token governance DAOs are busted
Slow & less efficient
Centralized decision-making has the benefit of a single vote to pass a decision. DAOs slow down this process by giving all tokenholders time to evaluate each proposal
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15/ The events at
@Uniswap
are not unique.
@Cobie
has been raising the alarm bells since back in July 2021 that this exact situation could and would eventually happen.
Concerns about UNI's governance were raised in July 2021 by
@cobie
"Decisions are not made by the community, but instead by a handful of power brokers. Centralization often results in nepotism: is this governance theater to extract liquidity from the treasury?"
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14/ Both whales vigorously engaged in the off-chain discussion period to try and convince tokenholders to vote their way.
Very quickly, the debate ballooned to over 80 comments
To put that differently, the entire BNB deployment forum spans the length of an ~85 page PDF
That’s the most active proposal discussion I’ve seen
For perspective, the last Uniswap deployment proposal spanned only 11 pages
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2⃣ It does not optimize for making great products that maximize stakeholder value📈
Simple token voting tends to either centralize power and decision-making, or diffuse focus and freeze development progress. And regulatory risk blocks DAOs from collecting fees❌
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3⃣ But don't stop there! There is a $1500 prize pool for ambassadors helping us to share the word.
1️⃣Sign up to the Ambassador program
2️⃣Post about this campaign
3️⃣Submit your post
4️⃣Earn a bounty + The best 10 posts will win the prize money!
Start here:
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4/ Poor education & security
DAOs work best with a highly engaged community that understands the intricacies of each proposal. Poorly educated decision makers, apathetic voters, or populist campaigns could result in trojan horse attacks
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13/ Like most Web 3 startups, Wormhole and LayerZero are heavily funded by private VC firms.
The final on-chain decision would have a significant financial impact on both.
This isn't some David vs Goliath fight playing out.
It's a Whale vs Whale power struggle.
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Bad actors and apathetic users need not apply to Power Protocol communities⛔️
Their intentions and actions will be seen, and their communities will hold them accountable or eject them if they distract the DAO from its goal🛡️
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Dear Ambassadors! Your first task as part of the Waves Ambassador DAO is ready!🚀 Follow the instructions in our new guide and spread the word by sharing this tweet👉
Let's make big waves together! 🌊
🚀Waves 2.0 is on the horizon, but first, in December,
#Waves
1.5 comes as a transitional release. Get ready for game-changing updates and new improvements!
Stake your $WAVES until Dec 1st for a chance to get a share of 100 $PWR in the new leg of the airdrop for active users!🌊
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7⃣ For more info on how to get a Community Airdrop, contact us👉
As the community of $POWER holders grows, more people will contribute to decisions of who will receive Community Airdrops - initial quorum size is 20% so early adopters have a greater say💪
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A game-changer for nonprofits!💥
🚀PowerDAO revolutionizes fundraising by introducing undeniable accountability for managers, aligning financial incentives with donors
Explore how blockchain can empower organizations to achieve their missions 👇
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4⃣ So, don't just qualify for $POWER Airdrop! Revel in it!
👀 Get up to 12% APY for staking $WAVES at sWaves
🚀Deposit sWAVES to the WX LP for up to 67% APY
✊Join the Ambassador program and get paid for spreading the word!
✚ Join the community:
#power
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⚡️The Power Protocol, fuelled by the $POWER token, introduces novel meritocratic KPI mechanics and hardcoded dis/incentives to fix governance in a way only decentralized blockchain technology can ⛓️💪
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Power Protocol DAOs have unique user roles that vary depending on your willingness to participate and contribute to governance including:
⭐️Stakeholders, ⭐️Sentinels and ⭐️Officers
Check out the white paper at the 🧵end for more on user roles👇
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The airdrop is designed to distribute $POWER to the most people possible at genesis🗺️
To maximally decentralize $POWER token holders, the genesis airdrop will include:
🔷 Active Waves Ecosystem members
🤝 Existing DAO community members
Full details will be announced
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💪Initial voting power will be distributed through a community-wide airdrop of a limited supply of one million $POWER tokens.
$POWER holders can lock their tokens in the Power DAO and later, in any SP-DAO’s, and take on different user roles👥
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$POWER governance token holders bet their stake each time they publicly support or reject a decision intended to move their DAO towards its goal🚀
The upside incentive and downside disincentive create a powerful ethics filter for participants and participation⚖️
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Power Protocol is a meta-governance model to help new and existing DAOs better manage themselves💼
There is one Power DAO that can create infinite sovereign Special Purpose DAOs😎
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Builders, visionaries, and proactive collaborators are warmly welcomed Power Protocol🤗
Strong and honest contributions are easily recognized and rewarded, evolution and growth is incentivized, and purpose and belonging a natural result of participation👏✅
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4/ (1of2) The limitations of simple token governance have had negative consequences:
- covert centralization - more tokens = more votes
- concentration of votes = concentration of voting power
- unchecked voter apathy = tokenholders stop engaging and voting
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✊⚡️ PowerDAO creates the foundation for new and effective ways of governing endless forms of community and project. If we want to see real change in the world, models like PowerDAO are essential.
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For more on the Power DAO framework and how it works, read the full installment here👇
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5/ (2of2)
- possibility of collusion = coerced voters push through harmful agendas
- collective stasis = gridlock in decision-making and development
@lmrankhan
is a former employee of AllianceDAO who identified four main reasons why a DAO may fail:
1/ After spending a year working on
@alliancedao
, I have come to the conclusion that most DAOs will probably fail. Why?
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9/ On January 31st 2023 the off-chain community proposal vote ended with Wormhole coming out on top.
Off-chain votes are commonly used in DAOs as a temperature check before a final on-chain vote would occur.
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Learn more about PowerDAO and how it could revolutionize governance as we know it👇
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11/ a16z has an additional 40M UNI tokens it lent out to third parties.
Some voted in favor of the Wormhole bridge — against a16z’s interests.
Theoretically, in future votes, a16z could reclaim those tokens and push through the decision unilaterally.
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12/ Under the Uniswap DAO, a16z has every right to commit its UNI tokens to override the sentiment of the off-chain vote.
The on-chain vote highlights the concentration and centralization of governance tokens on Uniswap. A far cry from DAOs decentralized community origins.
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💣Once the Power DAO is launched, the community can initiate and activate any SP-DAOs they like.
Any Power DAO user with the min. amount of staked $POWER can ask the community to vote on and activate an SP-DAO🚀
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The Power DAO framework is one of the first attempts to create a governance model that cannot be feasibly realized without decentralized technology. As the technology evolves, so too can the governance models that are built on top of it 💪
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10/ The on-chain vote began on February 5th, 2023.
a16z deployed an additional 15M UNI in favor of LayerZero to reject the whole proposal.
Tokenholders responded to a16z’s 15M deployment by committing UNI votes in favor of the Wormhole bridge.
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8/ The main disagreement with the proposal was around which bridge protocol to use. The two main competing options were
@Wormholecrypto
and
@LayerZero_labs
.
For full coverage check out
@abdullahbumar
‘s commentary
Crypto governance is a lot more political than you think
Right under our noses, a dramatic battle played out between
@wormholecrypto
and
@LayerZero_Labs
last week
Where did this take place?
On the Uniswap forums
Let’s break down the politics behind the recent proposal👇
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📢 Last chance to join the Neutrino DAO! Voting has reached quorum, but you still have 2 days to act.
Invest $XTN or stake $NSBT now to secure your $PWR share. Don't miss out! 💰🚀
The Mother DAO proposal voting has reached the quorum, meaning that 200 $PWR will be allocated to the Neutrino DAO this week. To participate:
1) Invest XTN:
2) Stake NSBT or SURF to get more gNSBT. Be prepared for the Neutrino DAO snapshots.
Act now!
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1⃣This is not your grandma’s airdrop
🚫Forget short-term mercenary pump-and-dump parasites
🙅♂️Say farewell to vampiric governance whales manipulating votes to their advantage
Power Protocol aims to solve good governance – it starts with this fAirdrop! Here’s how we’re doing it👇
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6⃣ You might receive a Community Airdrop of $POWER if your project has…
⭐️ A track record of community engagement and active participation in governance
⭐️ Clear and well-defined goals and plans for the use of the $POWER airdrop
⭐️ Strong leadership and a dedicated team
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2⃣ Deposit $sWAVES to the sWAVES liquidity pool on
@WXNetwork
for additional rewards APY up to 67%🚀
🔥SWAVES pool got votes in the WX emission distribution voting and
#APY
increased up to 96%!
All you have to do is to provide
#liquidity
to the pool with both pool tokens $WAVES and sWAVES
and boost your income by staking WX - the main
@WXNetwork
token🚀
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Ask your questions related to the Power Protocol and win more prizes here👉
We're thrilled to inform you about an upcoming AMA with
@sasha35625
tomo at 1 PM UTC!🎉
The venue for the live stream will be changed to Waves Official group👉
BTW, we have some activity with prizes during the AMA.🎁 Get ready for an engaging session!
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2⃣$POWER is SCARCE. There will only be one million tokens minted. Ever ‼️
On genesis, Power DAO will allocate 90% of the total supply of $POWER for a SERIES of airdrops to maximize decentralization and widely distribute governance authority to the community💪
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3⃣The remaining 10% will never be distributed and will remain in the Power DAO treasury for rewards💸, incentives🤩, buybacks🔙, and grants🧑💻
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4⃣The airdrop will be executed in waves 🌊😏 with two phases:
✅ Phase 1 - Genesis Airdrop: 1% of total supply sent to the Waves community wallets on the Waves blockchain holding $WAVES, $USDN or $WCT - if your stack is trapped in a custodial wallet - get them out!
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KPI settlement transactions are submitted on-chain for the community to vote and decide if an attempt at completing a KPI was a success or failure. If a KPI is successfully completed, the Child DAO community and KPI submitter are rewarded👍
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5⃣ ✅ Phase 2 - Sequential Community Airdrops of similar size, sent to recipients from any blockchain ecosystem, as determined by $POWER holders, in sequential drops over time🚀
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🚀 PowerDAO is built on a bedrock of inclusivity, transparency, meritocracy, contribution, and antifragility.
Governance has always been more art than science. But with PowerDAO, we may finally have a model that can carry us into the 21st century and beyond.
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The Power DAO framework is built on the principle of decentralization-first governance. This means that decisions are made by the community that it affects and that those decisions are based on consensus driven KPIs🤝
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🔎As the first applied governance model based around every participant having true “skin in the game,” PowerDAO encourages and rewards honest engagement, and discourages bad action and manipulation
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1⃣ Get up to ~12% APY depositing $WAVES with liquid staking protocol - $sWaves👇
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Help us share the word by Liking and Sharing this tweet!
🚀 Are you ready to invest in the future of blockchain technology and experience the power of the crowd?
Introducing WavesDAO, the first for-profit DAO on Power Protocol!
Read more here:
🧵👇
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6/🌟 With WavesDAO, you can invest together and invest better.
Read the full initiation proposal and blog article on Waves Tech here:
#WavesDAO
#PowerProtocol
#BlockchainInvesting
#CryptoInvesting
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@sasha35625
Links:
Repository👉
Waves Official Twitter account👉
@wavesprotocol
Ambassador Telegram group👉
Where to stake $PWR to become an ambassador👉
Application Form👉
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2/💰 Investors can participate by exchanging their WAVES for LP tokens. These tokens can be sold on the open market during the KPI period.
The initiation goal is to reach 100k $WAVES by July.
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5/📜 The WavesDAO initiation proposal outlines the goals and objectives of the DAO.
The collected treasury will be invested into projects that aim to develop the Waves blockchain and its ecosystem, including ChildDAOs built on Power Protocol and decentralized social projects.
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1/🤝 Managed by $PWR stakers, WavesDAO is a community-managed investment fund that allows investors to fund Waves Blockchain development projects and initiatives.
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3/📈 The activation goal is to increase the Treasury Net Asset Value (NAV) by 10% in the first 3-month KPI period.
Success earns governors profits and more $PWR, while failing bets lead to governors’ $PWR being slashed and burned.
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