community: News of Cyber (CYBER) - August 2024 Price Update - 8.35% Breakout Crypto News and Analysis

Spot the Main Event:

Ratification of CyberDAO’s Working Constitution proposed was announced. The desired outcomes of this proposal are: the establishment of CyberDAO, the ratification of the Working Constitution, and the creation of a foundational structure for the evolving governance of the Cyber ecosystem. This is intended to decentralize decision-making and empower passionate community members to actively contribute to and drive improvements within the Cyber ecosystem.

To God be the Glory

Spot the Main Event:

Ratification of CyberDAO’s Working ConstitutionThis proposal aims to ratify the Working Constitution of the CyberDAO, establishing CyberDAO and initiating the ongoing decentralization of Cyber’s governance. This proposal marks the first of many governance-related proposals intended to ensure a dynamic and effective governance ecosystem The motivation behind this proposal is to establish CyberDAO to begin decentralizing governance across the Cyber ecosystem and to foster a more inclusive, dynamic approach to decision-making. As the Cyber team, our objective is to position Cyber as the leading Ethereum Layer 2 for social applications and the preferred platform for developers creating new onchain experiences. We believe that cultivating and empowering an open and collaborative community through decentralized governance is essential to achieving this. By launching CyberDAO and ratifying its constitution, we intend to enable passionate community members to actively participate in and influence Cyber’s development. A decentralized governance model not only promotes a resilient, community-focused ecosystem but also drives growth by engaging community members and providing incentives for developers to contribute to the platform. This approach gives developers a significant role in shaping the ecosystem’s future, aligning with our ambitious goal to solidify Cyber as the Layer 2 for social. Additionally, the establishment of CyberDAO aims to encourage community-driven growth and make governance more social, reinforcing the core values of the Cyber ecosystem.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.