Ethereum name service for switching to DAO-Governance, Airdrops EnS-token to domain owners-

the Ethereum Name Service (ENS), the entity that controls the decentralized domains based on Ethereum, announced that they would switch to a decentralized governance model and open the door for the formation of a DAO (decentralized autonomous organization). The ENS is now asking the delegates to present their views to the community in order to be elected. The Airdrop of the DAO-TOKEN will open on November 8th.

ENS swings to decentralized governance um

The Ethereum Name Service, the organization behind the decentralized domain service on Ethereum, announced Recently his intention to align his governance model to a decentralized autonomous organization (DAO). The organization introduces a delegate model that enables individuals to present their suggestions, and other users to delegate their tokens to support them.

The ENS said that most of the organization's core functions work without supervision, but there are some problems that still require committed human interaction and supervision. His main concerns lie in the multi-sig contract, which regulates the treasury that regulates future funds, and the registrar contract that manages the price mechanism of domains.

The organization is of the opinion that the DAO solutions are mature, and has therefore decided on this structure to address the current problems of governance.

constitution and airdrop

To form a DAO, the members and users of the organizations receive part of the governance tokens according to their use of the platform services. The Airdrop of this token takes place on November 8th and each user receives part of the 25 million tokens assigned for this purpose. Another 25 % of these tokens are delivered to the original EnS team and the employees in Discord, while the remaining 50 % are assigned to the DAO Ministry of Finance.

One of the first acts of the EnS DAO will be the vote on a constitution that suggests a number of guidelines to teach the delegates how to rule the ENS. The proposed constitution lies ahead of here , and determines decentralization and integration as the main goal of the organization to prevent the delegated suggestions that would contradict.

this Air drop has caused a lot of attention in the community and you have now speculated with its value compares to other similar events. This is not the first Airdrop of this kind on Ethereum. Dydx, a decentralized stock exchange, sent token based on the use of the platform to its customers, with some users claiming up to $ 50,000 of its native tokens.

What do you think from the pivot point from ENS to the DAO-based governance? Tell us in the comment area below.

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