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Getting ready for the DAO

· 2 min read

It's been a month since our start of the journey post and since the protocol has registered more than 200 domains, it also has developed and added new functionality and it's getting ready for a new update where users will be able to put their domains for Sale...

But we are writing today to celebrate that we are going to start with the DAO! There is still a lot of work to do, but we want to start with the distribution of the governance token and start moving in the direction of being a community-driven protocol.

To the early adopter: Thank you

For such a simple protocol where you can't do much (and people could even say is a boring protocol), having more than 200 domains registered with collateral of 130,243.68 XLMs means that there are people out there who wanted a protocol like this to exist and in order to say "thank you", almost half of the governance token supply is going to be distributed to those who were early adopters (and even more to the true adopters). You can read about the allocations here.

Next step

This distribution doesn't mean everything is ready, it only means that we are going in the DAO direction so the next step is making the distribution and the governance contract; The governance contract will be developed after the Buy/Sell logic is public and the distribution is completed, we are always busy but we expect to have that ready before the end of April.

Without anything else to say, the Creit Technologies team wants to say once again: Thank you. Until the next post.