Leader in community-driven blockchain ecosystems

AirDAO is a community-driven blockchain and ecosystem of Web3 dApps that enhances the user experience with streamlined user interfaces for powerful dApps. The ecosystem is powered by its native token, AMB.

AirDAO recently secured $25 million in committed funding from GEM Digital, a subsidiary of Global Emerging Markets (GEM), a $3.4 billion alternative investment group. The deal gives AirDAO access to up to $25 million in capital over the next two years. This funding will enable AirDAO to thrive in any market conditions – bear or bull – that may arise in the future.

AirDAO can draw on the committed funding within two years, providing long-term financial stability and flexibility for the ecosystem to raise capital at its discretion.

AirDAO also provides educational resources to the community via the AirDAO Academy website and interactive AirDAO Bootcamp sessions. The bootcamp sessions teach users about AirDAO’s ecosystem and how to use dApps effectively.

These resources help onboard new users and promote the development and use of AirDAO’s ecosystem.

AirDAO is making significant progress in its development and expansion, with funding from GEM Capital and educational resources for the community. As AirDAO continues to follow its roadmap, the ecosystem will evolve and improve, providing streamlined user experiences and powerful dApps for the Web3 community.

Tokenomics proposal

AirDAO announced that the tokenomics upgrade proposal was passed in the first ever governance vote. The upgrade will introduce a maximum token supply and burning mechanisms to make the AMB token deflationary.

Over 100 million AMB tokens were used to participate in the voting process, representing over 50% of the AMB supply stored in wallets and not in centralized exchanges. This high participation rate shows strong support for AirDAO’s vision of community-driven governance.

AirDAO will implement the tokenomics upgrade in three stages. The first phase, beginning in March 2023, will include the start of validator node upgrades, a 250,000 block epoch delay, smart contract preparation, and upgrading AirDAO’s multi-sig to include a robust financial structure and elegant user interface.

Starting in mid-June 2023, the second phase will include upgrades to the reward structure, implementation of an additional fee to speed up transactions, a contract fee to incentivize developers, and further structural upgrades to multi-sig.

The third and final phase of the upgrade is planned for Q4 mid-October 2023 and will include updates to AirDAO Voting, with token-based voting as a core component of DAO governance.

Another step in becoming a fully community-driven project is the election of two community members to join the multi-signature wallet that will control the AirDAO Ecosystem Fund, as described in the recently adopted tokenomics upgrade proposal.

The long-term goal is for the entire blockchain and dApp ecosystem to be under community management. The election gives the community the opportunity to elect representatives to join the Ecosystem Fund multi-sig, so they can influence how funds will be allocated.

The ecosystem fund will be a pool of 850 million AMB committed to stimulating development in the AirDAO ecosystem. Ecosystem Fund tokens are locked in indefinitely, with the community-owned DAO deciding when and how the funds will be spent.

The voting period for the two community members to join the Ecosystem Fund multi-sig ended on Monday, March 13. This election represents a significant step towards AirDAO’s fully decentralized future, where community members have a voice in the decision-making process.

Choosing two community members to join the Ecosystem Fund multi-sig is an important step towards a community-driven blockchain and dApp ecosystem. The community has the power to shape the future of AirDAO and ensure that funds are allocated in a way that reflects the values ​​and goals of the community.

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