Will the DAO change the way we work and do banking?
With Threefold DAO, we are witnessing the start of one. It is coming alive with the launch of version 3.
DAO stands for decentralized autonomous organization.
The Threefold DAO holds rules for value exchange between members and organizational governance.
Users of cloud services pay with Threefold tokens (TFT). Several blockchain-enabled services facilitate. They are paid with their own digital token or coin. These services are:
- Stellar (coin = XML) and Binance Smart chain (coin = BNB) make TFT available
- Pancakewap (coin = CAKE) and 1inch Network (coin = 1INCH) deliver swapping services between tokens.
- Parity substrate (coin = DOT) makes interoperability possible between blockchain services.
The digital infrastructure is getting fixed and is bringing digital tools to organize and transact. New value creation models bring more options for all of us to face our challenges. Time will tell if and how CBDC (central bank digital currency) will fit in.
(*) Click here and listen to the beautiful poem by David Whyte.