Trusted

AirDAO Achieves Decentralized Governance With The Election Of AirDAO Council

1 min
Updated by Petar Jovanovic
Join our Trading Community on Telegram
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

AirDAO, the groundbreaking Decentralized Autonomous Organization (DAO), is excited to announce the realization of its long-term ambition for decentralized governance.

AirDAO has transitioned to a community-led governance model following the successful election of nine council members. Now, decision-making power has been placed directly into the hands of its dedicated community.

AirDAO has embraced a new era of democratic decision-making. Traditional leadership roles such as ‘Director,’ ‘CTO,’ and ‘CEO’ are being eliminated. The elected members of the AirDAO Council will assume control over the organization’s finances, operations, and blockchain. The community-elected council will have 100% control over AirDAO’s assets from May 31st, 2023.

This milestone achievement would not have been possible without the support of its international community. Led by long-term community member Michael Grimwood, the community created the proposal, voted for the proposal to pass via on-chain voting, and participated in the council election process.

Numerous community members nominated themselves as candidates for the council. The community elected a diverse group of nine council members to guide the future of the AirDAO ecosystem.

The AirDAO team played an integral supporting role throughout the transition. Director/CEO Lang Mei demonstrated exceptional leadership by accepting the community’s innovative proposal and committing to stepping down by May 31st, 2023. The AirDAO internal team leveraged their experience and expertise to ensure a seamless election and transition process for the community.

AirDAO will continue its path toward absolute decentralization under the leadership of the new Council. Council members are committed to communication with the community to ensure every voice is heard and considered.

The AirDAO Council will soon convene to discuss the organization’s plans, prioritizing the development of products the community wants in alignment with AirDAO’s tokenomics upgrade and decentralization roadmap.

🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024

Disclaimer

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

images-e1706008039676.jpeg
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored