BitcoinVault moves to DAO to take full advantage of decentralization.


Being a cryptocurrency enthusiast means learning a new acronym every week. Some are worth knowing, others take up valuable memory that could be used elsewhere. But as the future of business, DAO is an acronym everyone should know.

As you may have guessed, the D stands for decentralization. This concept is at the heart of blockchain technology. Here, it is ahead of the DAO (the municipality). It may sound like a no-brainer, but DAOs tend to make traditional enterprises obsolete.

Let’s see how this can be achieved.

What is DAO?

A DAO is a group of like-minded people working towards a common goal. Their activity is facilitated by the maturation of Decentralized Finance (DeFi). In the crypto space, DAO’s goals could include stockpiling certain non-fungible tokens (NFTs), using mining rewards to fund mutually beneficial initiatives and trading risk-sharing assets. Undoubtedly, all of these activities take place online. This is a defining characteristic of DAO efforts and all blockchain companies.

Like blockchains, DAOs do not have centralized authority. Their financial operations are not driven by one individual or institution. Rather, a democratic model is used. All members of the DAO participate in the decision-making process. Those who invest more in DAOs have more say in the organization’s activities. But ultimately, DAOs need a majority to make decisions about how their funds will be used. However, it is difficult to deviate from the purpose of its establishment. This is because the DAO action plan is consolidated by the smart contract and recorded on the blockchain.

Here are some of the most popular DAO types:

  • operating system
  • Protocol DAO or Web3 Infrastructure DAO
  • Investment DAO
  • DAO grant
  • Collector DAO
  • service DAO
  • social DAO
  • Media DAO

Why are DAOs so popular?

It is not difficult to understand. Cryptocurrency enthusiasts love any innovation that has the potential to replace more traditional processes. Decentralized Exchanges (DEXes) allow cryptocurrency users to trade their assets. It is like being able to trade fiat currencies and tangible assets in international markets. In the same vein, DAOs have the potential to replace incumbents. The two entities are essentially identical. Two groups of individuals with a shared goal. For example, Pepsi Co wants to dominate the soft drink market. Rexdao It aims to lead the world in providing blockchain as a tool to replace expensive legal services.

Here are some of the most popular DAOs.

  • Bit Oh
  • Decentraland DAO
  • FriendsWithBenefitsDAO
  • Rexdao
  • Maker Dao
  • mirror
  • PleasrDAO
  • raid guild

Who can benefit from DAO?

The short answer is all. This is because DAOs provide increased security for ordinary crypto users. As with any organization, individuals benefit from the diverse skills and supports of the collective. There is a level of knowledge sharing that leads to better decision making and results. So new members with limited experience can jump on the pros’ success.

The DAO also acts as an asset pool. Of course, these funds are raised for a single purpose set out in the DAO’s smart contract. But pools also give individuals access to opportunities they normally don’t have. Young traders have the knowledge to make successful trades, but not capital. As with traditional markets, certain opportunities have a higher minimum buy-in. DAOs can provide knowledgeable traders with the support they need to succeed.

DAO is closely related to, and to some extent dependent on, DeFi models and vehicles. This means that anyone with experience with DeFi solutions can easily transition to a DAO. And why won’t they? DAO is free from human error and manipulation, protected by proven blockchain technology, and free from bureaucracy.

What are the downsides?

A major criticism of DAOs is that they are mostly unregulated. This is a problem for those who believe that DAOs can replace businesses. Unfortunately, human nature has proven to be highly compromised. Unethical behavior tends to take advantage of lack of regulation. Some of the biggest thefts in history took place at DEX. The popular phrase is true. Criminals are created when there is opportunity. This is why regulations and security protocols are so important. Without them, the future of DAOs is uncertain. But, as already mentioned, DAOs like LexDAO are doing their best to make these problems obsolete.

Main Content

If you are looking for increased security and a wider range of opportunities, a DAO can be a viable solution. DeFi has provided cryptocurrency enthusiasts with all the financial activities of traditional markets. If it is possible with fiat currency, it is now also possible with cryptocurrency. DAO aims to do the same for traditional business activities. Think of DAO as a crypto company.

BitcoinVauld is a cryptocurrency brand with an award-winning campaign. SkillzVault Wins Gold at Muse Creative Awards 2022 by ESE Entertainment

At Bitcoin Vault (BTCV), we pride ourselves on solving security challenges that no one else can. This requires a lot of creative thinking. But anything is possible if the team can think outside the box. Now we have evidence that creativity is what drives our projects forward.

We are pleased to announce that BTCV has won the Gold Medal at the Muse Creative Awards for work on the SkillzVault event series. This initiative was the first collaboration with our new partner, ESE Entertainment. As you will surely remember, this event was announced in May 2021 and ran from August to December in Asia and South America. Well, the event was a huge success, drawing large direct crowds and audiences across multiple streaming platforms. This was exacerbated by the launch of a very popular non-fungible token promoting the event.

Muse Award

The International Awards Associate (IAA) is an organization that recognizes excellence in a variety of creative and design industries. The Muse Awards are distributed across multiple disciplines. In addition to the creative awards where BTCV won gold, there are design, photography and hotel categories.

About ESE Entertainment

As one of the most recognizable names in esports, ESE Entertainment helps game developers, publishers and brands achieve their goals. The combination of technology, infrastructure and behavioral science has made ESE an industry pioneer. ESE runs its own e-commerce channel, esports team, and gaming league. BTCV has partnered with ESE to realize a common goal. Winning the Gold at the Muse Creative Awards is just the beginning of a very promising and mutually beneficial future.

Meet the applicant

The International Awards Associate received more than 6,000 entries from competitors from 18 countries. They are all internationally recognized leaders in their fields.

Here are a few names behind direct submissions:

  • Les Atelier Louis Moinet SA
  • LWK + Partner
  • Antonio Fernandez architect
  • Leica Geosystems
  • Edas,
  • ACTLD

However, the award also accepts a significant number of indirect submissions. Below is a selection of reputable applicants.

  • Donahue Schriber Real Estate Group, Inc.
  • Shenzhen Municipal Public Works Bureau
  • Beijing Enterprises Group Company Limited
  • Warner Bros.
  • IBM
  • mercedes benz
  • Porsche Hungary.

who is the winner

Previous winners include League of Legends, Porsche and Nike. This is a truly distinct company. The 2022 winners were no different, including GoDaddy, TikTok Canada and Fiverr US. BTCV won the Gold Award in the Social Media category in the Financial Services category. The SkillzVault Gaming Talent Show was a surprise for all parties involved. None of this would have been possible at ESE Entertainment. For BTCV, it is an honor and pleasure to call this company a partner. Together we received recognition from a highly respected jury.

jury

International Awards Associate knows that awards can be just as respectable as evaluators. That’s why we select the best experts in the industry to judge our competition. By selecting individuals from a wide range of sectors and geographies, the IAA is able to maintain fairness and high standards.

The jury for the 2022 awards ceremony included Mark Turner, Creative Director at Kre8ive Partners. Misak Terzibasiyan, owner and founder of UArchitects; Jiaru Lin, 3D Lead Global Packaging Designer, Tom Ford Beauty; CEO and Co-Founder of LR Seoul Kwon Jun; MullenLowe’s Deputy Creative Director, Renato Barreto; Artistic Director of VML Y&R São Paulo, Felipe Paganoti.

bitcoin safe

Everyone at BTCV is delighted with the success of the SkillzVault event and winning the Gold Medal at the Muse Creative Awards. But no one could be happier than Konrad Mroczek, Marketing Manager at Bitcoin Vault. Recalling that achievement, he said:

“A large part of this success comes from all the team members at ESE Entertainment doing a huge and highly professional job. The company has perfectly merged two target groups: gamers and cryptocurrency enthusiasts. The results of the SkillzVault campaign confirm that it is an immediate decision.”

just start

As amazing as these achievements are, this is just the beginning. We want to leverage this awareness to build new partnerships on this momentum. The SkillzVault event was our first step into the esports industry, but it won’t be the last.

Stay tuned for more gaming events and sports themed products like SkillzVault NFT.

For more information on Bitcoin Vault BTCV, please subscribe. Bitcoin Vault BTCV Newsletter

Follow Bitcoin Vault BTCV Official Channel.

telegram, Twitter, Facebook, Instagram, youtube

Disclaimer: This is a paid post and should not be treated as news/advice.



Leave a Comment