If you have an Ethereum Domain Name then there is some great news for you. Ethereum is going through a transition. The Ethereum Name System(ENS) is opting for a Decentralized Autonomous Organization (DAO).
So, what’s in here for the Ethereum Domain Owners? Well, they are going to get tokens. Users who had the Ethereum Domain Name on Oct 30 would be eligible for tokens. The tokens are necessary for the formation of DAO.
The token alloted to the community is 25% of the total tokens. A sum of 50% of tokens has been set aside for the treasury. Users would have a time period of 6 months to avail their tokens. Although the value of tokens would hit the floor as of now. It won’t be long before it starts shooting upwards.
The Ethereum Blockchain system is one of the torchbearers of the Web 3.0 and the Blockchain ecosystem. The first thing that they are going to do is to have a vote regarding the Constitution of ENS. The Constitution would state how the system will be governed.