​AirDAO Will Elect Community Members to its Ecosystem Fund Mul | Bitcoin Industry

​AirDAO Will Elect Community Members to its Ecosystem Fund Multisig

AirDAO is a layer one blockchain and web3 ecosystem with a long-term goal of the entire blockchain and ecosystem under the control of the community. AirDAO recently held a successful governance vote to upgrade the tokenomics for its $AMB token. Now, it is holding an election for community members to join the multi-signature wallet that will control the AirDAO Ecosystem Fund.

Enabling the community to elect representatives to join the multi-sig embodies AirDAO’s commitment to putting the community at the heart of the ecosystem. The election also ensures the community can influence how AirDAO ecosystem funds are allocated. The AirDAO Ecosystem Fund will be a pool of 850 million AMB to incentivize development in the AirDAO ecosystem. The community-owned DAO will decide when and how to use the funds.

AirDAO Ambassador program members have shortlisted several potential election candidates. During the election, the community will vote for the candidates they consider responsible and dedicated enough to AirDAO to participate in the multi-sig. The vote will be held using AirDAO’s Snapshot. The voting period opens at 3 PM UTC on Friday, March 10th, and ends on Monday, March 13th, at 3 PM UTC. AirDAO will hold AMA sessions in the run-up to the vote to further educate the community on this significant progression toward our fully decentralized future.

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