Equinox dApp FAQs (Series 1): Give one line description of Eq | EQ Network (Official)
Equinox dApp FAQs (Series 1):
Give one line description of Equinox Application. DAO launchpad and Operations & Resource management Platform
What ORG 3.0 Stands for ? It's Operations and Resource group (ORG) of people based on Web 3.0.
How powerful Governance protocol of Equinox is ? DAOs can mint Governance tokens (G token) and the holders of such tokens can yield power to accept & defeat proposals of ORGs. G token holders can revoke access to platform by teams and appoint new teams to manage respective ORGs.
What's the seed funding mechanism available with platform ? Registered DAOs (i.e. ORG 3.0) can list their G token to unified ICO swap and users can buy it by swapping it with BNB. Funds will get deposited in team's MultiSig wallet and can jointly be managed by all team members. 50% of the fund will be locked for 3 months. Once suspended by G token holders, access to these funds will get revoked and can be given to new teams who apply for managing respective projects.
