It is well known that DAOs are an efficient and secure technique for setting up new decentralized environments in the crypto sector. For the DAOs system to work, there is no need to trust any group of people to make a company succeed; All that is required is the DAOs code, which is public and verifiable by anybody.
This is how AirCoin was formed through the help of DAO to modify the way the crypto space works and make it easier to complete transactions and use.
AirCoin DAO Labs – story behind
The key feature of AirCoin is that it operates on a DAO intending to achieve complete decentralization of the project and its products. There is no need for KYC or personal information that can be leaked in case of an attack.
AirCoin was explicitly built for crypto members to be simple to use, anonymous, and secure, potentially making the blockchain ecology safer and more accessible. AirCoin DAO Labs is a decentralized autonomous organization offering AIRtoken, AIRNFT, AIRCash, and ACGVentures.
What about AirCash?
In a nutshell, the AirCash System is run by a decentralized community of AIR token holders who propose and vote on system modifications. It is more of a landing application for an AIR ecosystem, where users may purchase and sell cryptocurrencies in a decentralized manner using fiat money.
It is widely recognized as the s first and largest decentralized OTC platform.
The purpose of a DAO-Driven strategy is to maintain a user-friendly platform. In that regard, AirCash trades use the peer-to-peer (P2P) system, yet provide privacy so that nobody can peek into the specifics of your transactions except you.
The usage of their token
The $AIR token is a BEP20 token and comes with voting privileges. The more $AIR, a user has, the more power they have to vote on proposals. Token holders cannot vote or submit ideas unless they delegate their voting rights to an address. The token itself serves the following functions:
Proposal: A proposal is a piece of executable code that updates the governance contract or the treasury. To create a proposal, a person must have at least 1 trillion $AIR assigned to their address in their account. All proposals will have seven days to be voted. And if the proposer’s vote weight is not maintained during the voting time, the proposal may be revoked by anyone.
Quorum: For a vote to pass, there is a need for a quorum of Air holders committing an amount of 50 trillion tokens to vote in favor. The goal is to ensure a sufficient voting turnout for the proposal to pass.
Voting: Once their voting rights have been delegated to their address, users can vote for or against individual proposals. While a proposal is in the Active state, votes can be cast. Once a proposal has been submitted, AIR holders will have seven days to vote on it.
Using AirCash and AirCoin is the greatest answer for the crypto niche, simplifying the decentralized world. AirCash is known as the world’s largest decentralized over-the-counter platform. And if you’ve ever wondered how to negotiate a deal with them, it’ll be as easy as breathing.
Where to find AirCash and AirCoin DAO Labs :
AirCoin DAO Lab Website: https://aircoin.cool
AirCash Website: https://aircash.finance