Harmony Protocol Aims to Fund 100 DAO’s Ensuring Extreme Transparency
- Harmony has already launched tens of DAOs since its introduction in August.
- One, Harmony’s native token, is up to eight percent to $0.22.
According to the Harmony Protocol, the $300 million ecosystem fund would be used to support 100 decentralized autonomous organizations (DAOs). Extreme transparency will be ensured for future DAOs financed by the team.
@harmonyprotocol aims to fund 100 #DAOs to bolster the crypto & blockchain ecosystem
— Harmony (@harmonyprotocol) February 8, 2022
How?
Basic DAO tracks timesheets, setup payrolls & manage performance
Developer DAO supports development, manages bounties & advocates with marketing
Know morehttps://t.co/HvOFzDX5dp
Decentralized apps may benefit from the speed and security of the Harmony blockchain. Harmony’s primary goal is to achieve scalability by sharding both the network nodes and the blockchain. One, Harmony’s native token, is up to eight percent to $0.22 at the time of this writing.
Harmony has already launched tens of DAOs since its introduction in August. A few of them are discussed here. “DAOs may provide basic income” or “minimum compensation” for builders and creatives, Harmony claims. In a decentralized economy, contributions may be made at any time rather than via a single employer or a year-long commitment. Timesheets, payrolls, and employee performance are managed via our DAO’s Basic version.
Aims to Bolster Larger Community Development
Aiming towards the success of the larger community in technical or application development, the Developer DAO’s slogan is “Builder-First and Friendly.” DAO’s primary responsibilities include supporting development, managing bounty funds, and advocating for the project via marketing.
First but not least, this DAO will help to improve its technological and application ecosystems. DAOs on incubation, creativity, academics, privacy, ZKProof and more will be announced soon.
When a community comes together around the tales and contributions of its creators, the “All For One With Love” DAO is born. This DAO will match donations made by the public to artists and builders who deserve it. Moreover, recently Harmony bought the .country Internet TLD! DNS and the Ethereum Name Service will be linked via its efforts. In addition, it will migrate all of the user’s identities and activities from Web2 to Web3.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
