News

NounsDAO Unleashes Fork Page, Empowering Supporters to Claim DAO Treasury Shares

Key Points:

  • NounsDAO’s official website introduces a fork site, allowing community members to take part in a groundbreaking fork and divide the DAO treasury.
  • The success of the fork hinges on garnering support from 20% of NFT Nouns holders, with 265 Nouns already on board.
  • With just 5 days, 16 hours, and 50 minutes left, discover how this Web3 community’s future hangs in the balance.
NounsDAO has taken a significant step by launching a dedicated fork site on its official platform.

This move opens up new opportunities for community members to actively engage and participate in the governance of the decentralized autonomous organization (DAO).

The fork site is designed to facilitate and streamline the process for community members who wish to support and partake in the fork. Community members who choose to endorse the fork during the designated support period will have the unique chance to play a direct role in shaping the future of NounsDAO.

The fork support period spans one week, providing ample time for interested parties to join the movement. Notably, this support period has captured the attention of NFT Nouns holders, with the goal of achieving critical mass.

The key threshold for the fork to proceed hinges on the support of 20% of NFT Nouns holders. Should this quorum be met, backers will execute the fork, resulting in a separation from the primary NounsDAO. Subsequently, ETH from the project pool will be proportionally distributed to those participating in the fork.

As of the latest update, 265 Nouns have already pledged their support for the fork, signifying significant community interest and engagement. Importantly, there are still five days, sixteen hours, and fifty minutes remaining in the support window, providing additional time for community members to make their voices heard.

This move by NounsDAO underscores the power of decentralized governance and community-driven decision-making within the Web3 ecosystem. By actively involving community members in the governance process and incentivizing their participation, NounsDAO aims to further enhance its decentralization and inclusivity.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

58 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

1 hour ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

3 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

4 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

6 hours ago

This website uses cookies.