The US state of Wyoming legally recognized The American CryptoFed DAO on Sunday, as per a release. The historic move made it the first-ever federal region to recognize a decentralized autonomous organization, or “DAO.”
Called ‘The American CryptoFed DAO,’ the legal DAO is based on high-speed blockchain network EOS and operates with a dual-token system: One, ‘Ducat,’ an algorithmic stablecoin with unlimited issuance proposed to be used for daily transactions and as a store of value, and two, ‘Locke, a ‘governance’ token with a 10 trillion circulating supply.
We’re making news on this 4th of July! https://t.co/sSEurs1vbq
— Marian Smith Orr (@gofishwyo) July 4, 2021
“Our digital currency enables municipalities, merchants, and consumers to engage in digital transactions without the cost of processing fees,” explained Marian Orr, CEO of the American CryptoFed DAO and former mayor of Wyoming.
She added, “As a former mayor, I can tell you those costs add up fas
Źródło: https://cryptoslate.com/wyoming-legally-recognizes-eos-based-dao-in-historic-move/
