The Wall Global has just published probably the most significant news item since the tokensale, and we cannot but share it with everyone who foresaw the powerful potential of the project and obtained areas of the Wall during the tokensale.
A radical change in the project management model is about to take place – it will completely pass into the hands of users. The initial stage of the project’s life, which can be called the period of traditional centralized development, is giving way to a state-of-the-art, fully decentralized web3 model. It will be implemented through the creation of a DAO — a decentralized autonomous organization managed by a smart contract and the votes of stakeholders – everyone who owns areas of the Wall.
That, in particular, means that the earnings from the sale of project areas and fees charged from transactions will be distributed and invested according to the decisions of the community of the Wall owners. The strength of the user’s voice will depend on the number of areas they own (regardless of their location).
The budget funds will be used to support and develop the technical potential of the project, marketing and other important aims that users will determine. The team will retain for themselves only a symbolic 5% of the areas and 9% of the project’s management tokens.
The launch of a new management model that will objectively put The Wall Global on a par with world-class blockchain projects is scheduled for October 18, 2022, when the founder and permanent leader of the project Ilya Svirin celebrates his birthday.
We invite you to join the telegram chat, where you will find like-minded people and will be able to discuss the future of the project, and subscribe to the telegram channel to always be up to date on the latest developments.
We are looking forward to the launch of DAO The Wall Global — stay tuned!