What is thena? Discover the outstanding features of Thena and THE . token
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
What is AssangeDAO? Highlights of AssangeDAO and JUSTICE
- Overview of AssangeDAO
- What is the AssangeDAO project?
- What makes AssangeDAO stand out?
- What does AssangeDAO use the money raised for?
- How Assange worksDAO
- JUSTICE token overview
- What is JUSTICE token?
- JUSTICE Token Allocation
- Where can JUSTICE tokens be bought and sold?
- The future of AssangeDAO and whether to invest in JUSTICE tokens or not?
- summary
Overview of AssangeDAO
What is the AssangeDAO project?
AssangeDAO is a decentralized autonomous organization created with the goal of securing the freedom of Julian Assange – an Australian programmer who received a 175-year prison sentence.
Accordingly, the project proceeds to mobilize ETH from investors to auction an NFT work called Censored. In return, participants who contribute ETH will receive the JUSTICE governance token.
All proceeds from the sale of NFT will be donated to Julian Assange's defense fund to cover legal costs, fees for launching awareness campaigns about the failure of the justice system.
Besides, AssangeDAO also has the strong support of Julian Assange's family. Family members all approve of the work this organization has been doing to unite cypherpunks around the world.
What makes AssangeDAO stand out?
AssangeDAO is not a purely Crypto project but a decentralized autonomous organization created to accomplish a certain goal, similar to the ConstitutionDAO project.
AssangeDAO has raised over US$53 million making it the largest DAO project ever raised. This project also proved to be "hot" when it attracted Vitalik Buterin – he contributed 10 ETH in the AssangeDAO fundraising.
Another highlight is the auctioned work "Censored" which is the product of the collaboration between Julian Assange and Pak - the author of Merge NFT, the work brought Pak 90,000 USD after only 2 days of auction. Censored includes a 1/1 dynamic NFT and an expanded version for the community.
The goal of AssangeDAO is to raise ETH for that 1/1 dynamic NFT auction. This NFT is minted using the manifold.xyz smart contract and auctioned off on a dedicated Pak website. Thereby, the project wishes to attract community contributions and achieve the goal of regaining the right to freedom for Julian Assange.
What does AssangeDAO use the money raised for?
AssangeDAO raised ETH through Juicebox. The entire amount will be used to auction NFT Censored, once won, the money will be deposited into the legal defense fund of Julian Assange to assist in the payment of legal fees. Also, help organize awareness campaigns about the impact of free speech in the case of Julian Assange.
How Assange worksDAO
AssangeDAO will be operated and managed by the investor community. As mentioned, AssangeDAO raised ETH from investors through Juicebox – a large-scale fundraising platform. Each participant will receive a governance token (JUSTICE).
JUSTICE is the token that governs the activities of AssangeDAO. At an early stage, the governance of AssangeDAO will use a Gnosis Safe multi-sig wallet and initial signers with a high degree of trust (Amir Taaki, Rachel-Rose O'Leary, Fiskantes, McKenna and Silke Noa. ).
Similar to other DAO operating mechanisms, JUSTICE holders have the right to vote on governance proposals through a snapshot admin page. This page's mission is to point out the future direction of AssangeDAO. Besides, Gnosis Safe administration modules may be added to AssangeDAO's administration system in the near future.
If the result is that AssangeDAO wins the NFT auction, this NFT will be decided by the community through the governance mechanism. They will suggest to AssangeDAO what to do with that NFT and give the development roadmap for the project. On the other hand, if the AssangeDAO auction fails, the Gnosis Guild Zodiac Exit Module will be added to Gnosis Safe by the Safe Signers. After that, the amount of ETH in Gnosis Safe will be exchanged for JUSTICE tokens.
The end result was that AssangeDAO won that auction. As such, this NFT is governed by the investor community of AssangeDAO.
In fact, the project prepared an initial governance model for the DAO. This model is shown in the diagram above and will be approved in the first vote when this DAO is operational.
Looking at the diagram above, at an early stage community members will receive a draft of the proposal and discuss it with others in the community. After discussion, the proposal will be reviewed by a consensus unit. Members of this unit take on the role of screening those proposals. If there are any proposals that are harmful or relevant to Julian Assange's legal case, they may reject it.
In the first phase, the consensus unit will include Jen Robinson (Julian Assange's lawyer), Gabriel Shipton (Julian Assange's brother) and Stella Moris (Julian Assange's fiancée) and the community moderators of AssangeDAO .
Otherwise, if the proposal is accepted by the consensus unit, it will be added to the snapshot. At this time, JUSTICE owners will conduct a vote to accept or reject the proposal.
Proposals approved by the community will be executed by signers in Justice Safe, or automatically executed through the Zodiac Reality module.
JUSTICE token overview
What is JUSTICE token?
JUSTICE is the governance token of AssangeDAO, some basic information that investors need to know is:
- Ticker: JUSTICE
- Blockchain Network: ERC-20
- Total Supply: 16,154,285,217 JUSTICE
- Fully Diluted Market Cap: 18,557,558.23 USD (updated on 07/03/2022)
- Holders: 6,517 (updated on 07/03/2022)
JUSTICE's primary function is to administer AssangeDAO. JUSTICE holders can vote on governance proposals, as well as determine the future direction of AssangeDAO.
JUSTICE Token Allocation
Anyone who contributes ETH to AssangeDAO NFT auction will receive JUSTICE tokens at the rate of 1 ETH = 1,000,000 JUSTICE.
Where can JUSTICE tokens be bought and sold?
In addition to receiving JUSTICE tokens from donations, investors can also buy this token on decentralized exchanges (DEXs) such as Uniswap and SushiSwap.
The future of AssangeDAO and whether to invest in JUSTICE tokens or not?
AssangeDAO is an organization run by JUSTICE governance token holders and not a legal entity. The main purpose is to raise funds for NFT tenders moderated by Pak. All proceeds will support Julian Assange's legal defense fund.
In addition, all conversations and communications with members of AssangeDAO are held publicly on forums or semi-public on Discord, Twitter.
Through the above analysis, it can be seen that AssangeDAO's model is quite interesting but not a new idea. Previously, FreeRossDAO also raised 12 million US dollars with the aim of regaining freedom for Ross Ulbricht - the developer of the Silk Road website.
Some official information channels of the project that investors can follow are:
summary
Overall, this project is not very prominent and only receives attention when it has many similarities with the ConstitutionDAO project - a project created to buy back one of 13 copies of the US Constitution. After the event started, many investors participated in donating ETH (collected amount is 53 million USD) to receive JUSTICE tokens with the expectation that the token will grow strongly. However, up to now, the price of JUSTICE token has decreased a lot compared to the original rate. Therefore, readers need to research carefully before investing in this project.
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