To give back to users and address their feedback, BinaryX will be introducing a DAO system. This will allow members of the community to suggest, vote on and decide game design changes. These could include tokenomics, development goals and more. Voting power is based on the amount of tokens held, length of positions held, interaction with contracts and other activities. The proposal that receives the most votes that is deemed effective will be approved by the core development team and put into action.
To further advance the decentralized autonomous organization, BinaryX DAO will appoint staff in the future to manage the DAO and its associated projects. These personnel will be responsible for community management, marketing, fund allocation and more. As a reward for their work, they will receive token incentives and other advantages.
Challenges and Limitations
The BinaryX project team is committed to creating a fair system when introducing DAO, which has certain restrictions. The community will be granted decision-making authority over the project and become an essential element of the BinaryX community.
Dear BinaryX community, the GameFi development process necessitates the utilization of models and technologies that are up-to-date and continually changing. There is immense potential for GameFi’s growth, and these changes may take place rapidly. We must strive to be innovative and stay ahead of the curve. We look forward to cooperating with both the project team and community members in order to remain consistent while tackling ever-evolving market challenges.
