A new generation of “DAO” organization – Fa DAO, returning all power to the community

2022-09-09 3:03:31

DAO is “Decentralized Autonomous Organization”. In the development of blockchain technology, new technologies continue to emerge, and new hotspots emerge one after another, from DeFi, public chain and NFT to Web3.0, GameFi and SocialFi, and Web3.0. As the cornerstone of the governance mechanism in the blockchain world, “DAO” has become one of the most important hot spots.

Fa DAO is a brand-new organizational form and business model, featuring decentralization, autonomy, and the return of all power and interests to the community. Its original three economic mechanisms of “providing liquidity is mining”, “liquidity self-growth”, and “double destruction” (transaction destruction + repurchase destruction), the product model and economic model are all automatically completed by smart contracts, open source on The product has been running safely for a long time and has been widely praised by blockchain technology experts and community users.

In order to comply with the development trend of the blockchain industry, Fa DAO has been fully upgraded and adopted a new economic model. Fa DAO will no longer conduct mining output and additional issuance, and users no longer need to worry about the selling pressure generated by Fa mining. Each transaction generates 10% of the DAO handling fee, of which 5% is allocated to liquidity providers, who will become one of the most important beneficiaries of the system; 5% is directly destroyed, and the output of Fa will no longer increase. Under the premise of the ultimate destruction, all Fa holders will benefit. Fa DAO will become a market stabilizer, play the role of “cutting peaks and filling valleys”, and help Fa’s intrinsic value to achieve a stable increase. Fa DAO has four outstanding characteristics, allowing some power to return to the community, and all benefits to the community users.