Xenophon is a DeFi 2.0-based decentralized reserve asset protocol. Xenophon, which uses the XPH currency, can be understood as the US dollar in a decentralized network, but it is not controlled by policies or other factors. Xenophon is committed to creating a currency system that can be used to improve currency price stability and optimize price consistency. This system will ultimately allow XPH currencies to become a universal medium for exchange and accounting units. This US-based company is very enthusiastic about its development goals, allowing community members to participate in the DAO consensus and working to build the Blockchain World Bank.
XenophonDAO is working to build a blockchain World Bank and realize a DAF
In 1997, through the Think Different campaign, Apple released an ad quote that could summarize those who are willing to make a difference in the world as crazy people, but it’s them who actually change things. Because it exists, it cannot be ignored.
Following this Apple concept, Xenophon DAO is brave enough to think differently to bring something new or better. To provide ease of use to users, Xenophon decided to overcome the complexity of attending historic events. As a result, Xenophon DAO is positioned as the World Bank of Blockchain. Xenophon also announced that exciting events will occur in the future for the realization and implementation of Decentralized Autonomous Organization, DAF. The XenophonDAO team is continuously working on creating excellent maps of the Blockchain World Bank.
The Xenophon DAO audience appreciates this decision and is enthusiastic about helping build the world’s top banks.
Xenophon DAO has decided to decentralize governance rights
XenophonDAO greatly promotes transparency and community development. XenophonDAO is an even more open ecosystem and has decided to decentralize governance rights in order to motivate the community. This included DAO and Treasury rights to the community. It also helped bring autonomy to the DAO and DAF communities. Autonomy makes it easier for the community to work in the DAO space when Xenophon manufactures trillions of dollars in products.
The company also made unanimous decisions regarding financial pools with IDOs, DAOs, and investment institutions and communities. The following is a summary of these decisions.
- Users can only join IDO through a whitelist subscription. XenophonDAO Governance guarantees fair eligibility for participation, so no one has early access to IDO.
- To ensure the community’s prior dedication, Xenophon DAO is working to open the community’s signature rights in terms of DAO and the financial pool. This will prevent anyone from diversion of funds privately.
- Xenophon has established 10 consensus communities in more than 10 countries around the world. Volunteers and leaders in these communities can interact directly with Xenophon DAO via email and Discord groups.
The voting function of Xenophon DAO is Live on Snapshot
XenophonDAO already has a great community, but there is always room for improvement. Xenophon is determined to build a BTC-like community where participants and their entire community can build and improve freely and autonomously in response to progress and market demand.
To achieve this goal. XenophonDAO featured live community voting on Snapshot. Decisions related to Xenophon products will be made according to the voting results. To make this decision more informative for Xenophon DAO, the company will continue to improve its voting capabilities.
Xenophon DAO is a unique DAO governance project
XenophonDAO’s XPH tokens are linked to the decentralized token BUSD and establish finance. It is gradually converted into assets such as Ethereum and Bitcoin. The ultimate goal of Xenophon DAO through XPH is to develop a fully diversified global asset reserve.
sXPH is used for the governance purposes of Xenophon DAO. XenophonDAO is a unique DAO governance project where community consent is very important. Users can use sXPH to participate in voting. Through voting, users can jointly make all major decisions about Xenophon and govern the community.
However, the protocol is in its infancy and iterates quickly, so the Xenophon team is currently making most of the decisions. Still, it is considered important to get feedback from the community before making a decision. The team will share the rationale for the decision in the forum. This decision-making method will continue until Xenophon DAO launches an on-chain governance portal for all sXPH holders to participate in decision-making.
Xenophon DAO community users develop independently
XenophonDAO considers the community very important. The team is hosting several Ask Me Anything (AMA) series to inform more about the protocol and eliminate confusion.
XenophonDAO is designed to be independently developed and profitable by community users. Through voting, they participate in a consensus to govern the Protocol’s decisions. This strengthens the community and builds trust in the community as it allows you to determine for yourself what you expect from the protocol.
The XenophonDAO roadmap is clear and very prosperous
XenophonDAO is working on development and steadily working to reach the planned milestones.
1- 2022 Q1 Membership added to improve staking strategy
Staking is one of Xenophon DAO’s most important value acquisition strategies. This allows users to get compound interest. The profit depends on the amount of XPH bet on the Xenophon DAO protocol. It also depends on the current rate of return.
In the first quarter of 2022, Xenophon DAO is working to improve its staking strategy. A membership system has been added to make it easier for users.
2- Q2 2022 Xenophon Protocol integrates with various chains to provide external API calls
XenophonDAO will work to expand its network in the next quarter of 2022 by interacting with various other chains. The company also provides external API calls to improve overall connectivity and collaboration.
3- Q32022 Xenophon protocol is integrated with Layer 2
In the third quarter of 2022, Xenophon DAO will be integrated with Layer 2. The company is primarily prepared to harness the power of zero-knowledge technology, one of its Layer 2 implementations. This allows Xenophon DAO to scale up the network while taking advantage of the strong layer 2 distributed security.
4- Q4 2022 Xenophon Protocol builds Dapps metaverse and NFT economic model
NFTs and Metaverse are one of the blockchain and crypto industry sectors that have gained momentum and earned billions of dollars in recent months. Several blockbuster projects have hit the market and are gaining a lot of attention and adoption. Following this interest of the user, 4th In the 2022 quarter, Xenophon DAO will build a metaverse and NFT economic model for Dapps.
In addition, XenophonDAO is ready to expand the concept of selling XPH to NFTs through the bond process. The sale of bonds provides liquidity to Xenophon DAO. When the protocol builds its own liquidity market, it will generate more income to reward and support finance.
Q5 2023 Full focus on building the Xenophon Protocol ecosystem
After achieving the integration goals, the company will focus on building an ecosystem of protocols. A robust ecosystem promotes the quality service and trust of the community in the project.
XenophonDAO is a project that is different from other DAO consensus projects and has its own advanced vision.
Future development trends of Xenophon DAO
XenophonDAO is a protocol that is still in the early stages of development. The company is prepared to stick to its original philosophy of moving forward into the future.
Xenophon has chosen not to retain XPH. All data related to the protocol will be exposed. This puts more focus and resources on product development and its marketing, allowing users to learn more about the protocol.
Users will soon begin to receive potential results from Xenophon DAO. According to the roadmap, the company offers several development trends. To truly take advantage of this system, users must continue to believe in it and continue to support it. Because, like BTC, Xenophon DAO will be a great project in the future.