[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"11f31b36-4d28-4622-893f-2590a870573b","updated_at":"2023-05-04T02:01:15.183014+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"Kudoe is a WEB3 gaming and metaverse platform constructed on the Ethereum blockchain, which debuted on January 18th, 2023.","sapo":"A fresh chapter has begun in which token holders possess the capability and incentive to engage proactively in managing their assets and the related ecosystem. Kudoe recently introduced Kudoe DAO, a decentralized protocol that empowers all $KDOE token holders to actively contribute to the platform's governance and its token management.","title":"Introduction of the Kudoe DAO","content":"

A new era has started where token holders have the ability and motivation to actively participate in managing their assets and the surrounding ecosystem. Recently, Kudoe launched Kudoe DAO, a decentralized protocol that enables all holders of $KDOE tokens to actively participate in the governance of the platform and its token. The launch of Kudoe DAO has sparked excitement in the community, with many people looking forward to engaging in decentralized governance of the platform.

Kudoe DAO

What is Kudoe?

Kudoe is a WEB3 gaming and metaverse platform built on the Ethereum blockchain and launched on January 18th, 2023. It aims to bridge the gap between traditional gaming and blockchain technology, focusing on Gaming, Community, and Blockchain. The platform's native token, $KDOE, is the main currency for transactions within the ecosystem. Kudoe has also introduced its "Dogs of Elon" NFT collection, allowing users to own and trade unique digital assets. With a team of experts in blockchain and game development, Kudoe is set to revolutionize the gaming industry by empowering users to control their digital experiences. The platform provides a seamless user experience that is both entertaining and rewarding.

What is DAO?

A DAO, or Decentralized Autonomous Organization, is an organization that operates autonomously through smart contracts on a blockchain network without any central authority or control.

Members or token holders of the organization can make decisions through consensus mechanisms, such as voting. The organization's rules and bylaws are transparent and open for anyone accessing the blockchain network to inspect.

DAOs have a built-in treasury only accessible with members' approval
Decisions are made through proposals voted on during a specified period
DAOs operate without hierarchical management structures
DAOs can be used for various purposes, including pooling funds, approving charitable donations, and running venture capital firms collectively owned by a group.

With the launch of its decentralized autonomous organization (DAO), Kudoe aims to capitalize on the success of other projects that have recently launched their DAO. This move towards community-driven decision-making reflects Kudoe's commitment to empowering users and building a decentralized ecosystem.

The first proposal has already been released, and users actively engage with it to help shape the project's future. As more proposals are put forward, Kudoe is expected to continue leading the way in blockchain gaming and metaverse development.

How Will Kudoe Utilize the DAO?

The purpose of the Kudoe DAO is to grant KDOE token holders the ability to actively participate in the governance of the token and ecosystem, enabling them to provide feedback and input.

The DAO will have authority over various aspects of the Kudoe ecosystem, including:

Kudoe Utilize the DAO

Figure 01. Kudoe Utilize the DAO.

KDOE token contract functions, such as tax, timelock, and allocation
Staking contract, including dilution and rewards
Grants
The DAO itself, including the ability to regulate threshold requirements and quorum (minimum votes needed for decision-making)

The DAO will not have jurisdiction over the following:

the DAO will not have jurisdiction

Figure 02. DAO will not have jurisdiction.

Black and Whitelist token functions
Team allocation
Liquidity allocation
Kudoe the Company

The DAO can also serve as a tool for token holders to guide and advise the project regarding potential use cases and utilities.

Conclusion

Kudoe has achieved a lot in a short time since its launch, with significant progress towards fulfilling promises to the community. The successful launch of the Kudoe DAO and the positive response to the first proposal show a commitment to a fair and open ecosystem. With momentum building and milestones in the works, the team is dedicated to growth and transparency. The Kudoe DAO launch is a crucial step towards a strong Q2, and exciting developments are in the pipeline!

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Introduction of the Kudoe DAO

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