Easily create your own DAO with xDAO

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xDAO is an innovative DeFi platform that enables anyone to easily create decentralized autonomous organizations – DAOs – for the joint management of crypto assets. The platform is operated by BSC, which ensures low transaction costs, high reliability and sufficient speed.

An easy way to create your own decentralized autonomous organization

xDAO was launched in April 2021 and is the first and only DAO builder in the Binance Smart Chain (BSC). The protocol enables users to combine crypto assets from multiple partners and manage them more efficiently and securely using automatically generated smart contracts. A clear voting system also enables users to make joint decisions and rely on their exact execution.

xDAO offers a perfect solution for anyone who simply wants to pool resources to manage crypto assets as a DAO. The need for the service is virtually endless and includes potential users such as venture capital funds, public funds and foundations, emerging technology startups, and freelance groups. Governance token holders of a DAO created on the platform can jointly manage the organization’s finances; store various coins and tokens (including NFTs); Establish the procedure for onboarding new members; Establish rules for minting and burning tokens and interact directly with other DeFi protocols.

By using the BSC blockchain, xDAO offers several important benefits to potential DAO creators, such as: B. Avoiding affordability and performance issues. xDAO shows the community support for such a service and has won a Binance Smart Chain Hackathon in April for the development of the project.

In May, xDAO passed a security audit by Pessimistic. Now the development team is constantly working to improve the user experience on the platform. Next, they are preparing to announce the native token ($ XDAO) and start developing the second version on multi-chain (including Ethereum, BSC, Polygon and Solana). V2 is scheduled to be ready by the fourth quarter of 2021 and will also see the launch of the open source Web 3.0 extension (like MetaMask) to interact with all DeFi protocols.

xDAO is already fully integrated with top DeFi protocols on BSC like 1inch:

To learn more about the platform, visit app.xdao.app, follow developments and become part of the community Twitter, Instagram, Medium, YouTube, Discord and Telegram.

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Photo credits: Shutterstock, Pixabay, Wiki Commons

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