search
Homeweb3.0DeXe Protocol and HOT Join Forces to Boost On-Chain Decentralized Governance

DeXe Protocol, a leading DAO by treasury size and the largest on the BNB chain, has announced a strategic partnership with HOT.

DeXe Protocol and HOT Join Forces to Boost On-Chain Decentralized Governance

Kyiv, Ukraine, July 16th, 2024, Chainwire

DeXe Protocol and HOT are joining forces to boost on-chain decentralized governance.

DeXe Protocol, a leading DAO by treasury size and the largest on the BNB chain, has announced a strategic partnership with HOT, the fastest-growing web3 application and wallet boasting 16 million users and three million daily active users. This collaboration aims to increase the mass adoption of on-chain decentralized governance by leveraging HOT's vast audience and DeXe's cutting-edge infrastructure.

The partnership will introduce decision-making tools for HOT's extensive user base, enabling a deeper level of on-chain interaction within a unified ecosystem. HOT currently hosts over 300,000 Villages—specific communities where users unite for collective HOT mining. The next phase for HOT involves transitioning to a DAO model, which will allow the community to participate in project decisions. These Villages will evolve into sub-DAOs with internal governance mechanisms, contributing to the main HOT DAO.

Villages will accumulate their treasuries with HOT tokens and other assets through HOT's mechanisms and will receive rewards for their contributions to the HOT DAO. Operating on the DAO principle, these Villages will ensure a fair distribution of benefits based on each member's activity and balances.

DeXe will provide the technical architecture for this implementation, offering on-chain and off-chain decision making systems, meta-governance, incentive distribution, and other essential functionalities. This will allow DeXe to expand its user base significantly, by adopting thousands of Villages as DAOs and bringing millions of users under the HOT DAO structure.

HOT will benefit from a multi-level DAO system equipped with tools to retain and engage its community. This will create a transparent on-chain interaction tool for Village members, who will be incentivized for their contributions.

Further discussions are ongoing about deeper governance relationships between DeXe and HOT DAO, including delegation and mutual contributions.

Together, DeXe and HOT will enable each Telegram chat to create its own DAO, monetize its subscribers, and collectively farm benefits. With its expansive community, HOT Wallet gains much momentum for product placement, offering additional incentives from the partners' projects. This initiative represents a promising example of a programmed economy created on the blockchain.

Previous Milestones

In early July, BOXY, the first DAO meme token fully managed by the community, was launched on DeXe achieving significant success in a short period. Recognizing this, HOT integrated BOXY into its ecosystem, providing utility for the token. Shortly after, HOT deployed its wallet on the BNB Chain. These developments have set the stage for the partnership between DeXe Protocol and HOT.

About DeXe Protocol

The DeXe Protocol is an advanced infrastructure consisting of over 50 smart contracts designed for creating and managing DAOs with a meritocratic approach. It ensures proper incentive alignment and offers wide flexibility to support fast and sustainable growth of DAOs, emphasizing active and valuable member participation and expertise. Governed by DeXe Protocol DAO, a decentralized autonomous organization, the Protocol aims for continued development and improvement. The DeXe Protocol DAO is focused on releasing and promoting the DeXe Protocol as the leading toolkit for both new and existing DAOs to build and refine their structures. Their mission is to provide infrastructure that enhances the power of decentralized governance, moving beyond traditional models to innovate and revolutionize the field. For more information, users can visit https://dexe.network/

About HOT

HOT is a rapidly growing web-3 application and wallet with 16 million users and 3 million daily active users. It offers a robust platform for collective mining and community interaction through its 300,000+ Villages. These Villages are specific communities where users collaborate for collective HOT mining and other activities. HOT is transitioning to a DAO model, allowing community participation in project decisions. This model supports fair distribution of benefits based on member activity and balances. HOT is committed to fostering a transparent, decentralized ecosystem that rewards active participation and contribution. For more information, users can visit https://hotdao.ai/

Contact

Emily Chuba

Energent Media

emily@energentmedia.net

The above is the detailed content of DeXe Protocol and HOT Join Forces to Boost On-Chain Decentralized Governance. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
XRP, HYPE, ONDO Are Showing Fresh Signs of LifeXRP, HYPE, ONDO Are Showing Fresh Signs of LifeApr 11, 2025 am 11:08 AM

Altcoins are showing fresh signs of life following Trump's 90-day tariff pause, and three names in particular—XRP, HYPE, and ONDO—are catching investor attention.

Best Crypto Casinos for Instant Withdrawal 2025Best Crypto Casinos for Instant Withdrawal 2025Apr 11, 2025 am 11:06 AM

What sounds better: winning big and then waiting days for the money to arrive, or playing at crypto casinos with instant withdrawal?

Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETFNasdaq Files to List VanEck Avalanche (AVAX) Trust ETFApr 11, 2025 am 11:04 AM

This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.Apr 11, 2025 am 11:02 AM

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.

Woman Regains More Than $35000 Lost in a Cryptocurrency ScamWoman Regains More Than $35000 Lost in a Cryptocurrency ScamApr 11, 2025 am 10:58 AM

CINCINNATI, OH — A 73-year-old Delhi Township woman has regained more than $35,000 lost in a cryptocurrency scam, thanks to the quick action of local police and a specialized unit within the Ohio Bureau of Criminal Investigation (BCI)

Remittix (RMX) Price Prediction is at a Crossroads TodayRemittix (RMX) Price Prediction is at a Crossroads TodayApr 11, 2025 am 10:56 AM

Remittix, a new DeFi token, can be one of the best cryptos to put your money in this year, according to most.

Dogecoin (DOGE) Price Reversal Sets the Stage for a New All-Time HighDogecoin (DOGE) Price Reversal Sets the Stage for a New All-Time HighApr 11, 2025 am 10:54 AM

After a long-running streak of breaking down from support levels, Dogecoin (DOGE) is set to reverse the trend.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor