According to ME News, on July 31 (UTC+8), the ENS DAO community released a proposal titled "Empowering the ENS Foundation." The proposal includes plans to establish a full-time operational foundation, appoint a five-member board of directors to manage the foundation’s funds, and allocate 1 million ENS tokens for employee compensation. ENS token holders will retain control over the ENS protocol, ENS held by the DAO, operational wallets, and the appointment and removal of foundation board members. (Source: Foresight News)
ENS DAO Proposes Foundation Empowerment Plan with 1M ENS Allocation
KuCoinFlashShare
Summary
On July 31 (UTC+8), ENS DAO proposed a protocol update titled "Empowering the ENS Foundation." The plan includes establishing a full-time foundation, appointing a five-member board, and allocating 1 million ENS tokens for staff compensation. Token holders will retain control over the ENS protocol, DAO-held tokens, operational wallets, and board appointments. This on-chain development underscores the ongoing evolution of the governance structure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.