XRP Holders Gain Control: New DAO Launches on XRPL to Allocate 1 Billion XRP Fund

Описание: 🚀 *XAO DAO Launches on XRP Ledger: Ushering in a New Era of Decentralized Governance!* 🌐

Get ready for a major shift in the XRP Ledger (XRPL) ecosystem! XAO DAO, the first decentralized governance platform on XRPL, is set to launch soon, empowering XRP holders with unprecedented control over the network's future. This groundbreaking initiative aims to foster real-world innovation, drive ecosystem growth, and ensure transparent, community-led decision-making.

What is XAO DAO?
XAO DAO is a decentralized autonomous organization designed to allow XRPL users to actively participate, vote, build, and fund projects directly on the network. Co-founded by Fabio Marzella and Santiago Velez, this for-profit entity represents a significant move towards true community governance, moving away from centralized control.

Empowering XRP Holders 🗳️
With XAO DAO, XRP holders will gain direct influence over:
*Network Expansion:* Shaping the future direction of XRPL.
*Funding Allocations:* Deciding which promising projects receive support.
*Policy Direction:* Voting on major network upgrades and strategic decisions.

Voting weight within XAO DAO will be based on XRP holdings during specified snapshot windows, with a cap in place to prevent large holders ("whales") from dominating the process, ensuring a more equitable and democratic system. Crucially, XAO DAO will utilize XRP for voting and governance, avoiding the volatility and complexities associated with new governance tokens.

Driving Innovation Through Grants 💰
A core function of XAO DAO is its comprehensive grant program. This program will oversee the distribution of grants to a wide range of contributors, including:
*Developers:* Building decentralized applications (dApps) on XRPL.
*Validators & Node Operators:* Strengthening network infrastructure.
*Academic Institutions:* Fostering research and development.
*Early-Stage XRPL Companies & Startups:* Supporting emerging innovations.
*VC, Branding, and Policy Initiatives:* Broadening the ecosystem's reach.

This funding structure ensures that resources are allocated by consensus, providing a defined, open mechanism for the community to choose which activities receive support, rather than being driven solely by corporate interests. XAO DAO is also expected to manage the distribution of the 1 billion XRP that Ripple allocated for XRPL ecosystem development.

Technical Foundation & Collaboration 🛠️
The development of XAO DAO is a result of a collaboration that began in September 2024, involving Ripple, XRPL Commons, and other key contributors. The DAO's governance application will leverage both the XRP Ledger for recording LLC membership and the XRPL Ethereum Virtual Machine (EVM) sidechain for minting and burning governance tokens for each proposal and vote. This dual-chain approach enhances flexibility and functionality.

XRPL Foundation's Role & Transparency 🛡️
The XRPL Foundation, now incorporated under French law, plays a crucial role in ensuring oversight through a General Assembly and an independent board. These structural changes are designed to increase trust, reduce centralization risks, and make governance more transparent for all network participants. The XRPL Foundation's bylaws also give XAO DAO a board, with XAO DAO, XRPL Commons, XRPL Labs, and Ripple Labs being founding members of the Foundation.

A Self-Sustaining Ecosystem 🔄
XAO DAO will operate on a cyclical "governance flywheel" model:
1. *Community Joins:* Users engage with the platform.
2. *Proposals Go Live:* Ideas and initiatives are submitted.
3. *Votes Are Cast:* XRP holders make decisions.
4. *Grants Are Distributed:* Funding is allocated to approved projects.
5. *Projects Are Built:* Innovation comes to life on XRPL.

This continuous cycle is designed to keep the ecosystem evolving dynamically without centralized control, fostering a truly self-sustaining network.

XRPL's Growing Momentum 🌱
The launch of XAO DAO coincides with significant growth and adoption on the XRP Ledger:
*Increased Adoption:* Institutions and developers are increasingly utilizing XRPL.
*Stablecoins & Tokenized Assets:* Recent issuance of fiat-backed stablecoins and tokenized US Treasury assets.
*EVM Sidechain:* A planned EVM-compatible sidechain launch later this year will enable developers to build more complex DeFi applications.
*Active Addresses:* A surge in active addresses from 295,000 to 400,000 demonstrates growing user engagement.

XAO DAO marks XRPL’s readiness to compete not just as a blockchain, but as a fully decentralized, self-sustaining network, ready to spur innovation and DeFi activities. Furthermore, XRP is stable, and an XRP ETF is also launching on the Toronto Stock Exchange, signaling broader market recognition.

The waitlist for XAO DAO is already open for early participants. Don't miss out on the opportunity to shape the futur