Recently, there has been an interesting discussion in the community: why do traditional trading platforms always make top-down decisions, while the Web3 ecosystem is exploring the possibility of community co-governance?

An emerging platform launched its Beta version in the second quarter of this year, and its core selling point is precisely this—operating trading services through a DAO (Decentralized Autonomous Organization). It sounds like a lot of concepts, but the key question is: can this model truly be implemented?

From a design perspective, the idea of such platforms is to allow users to participate in governance and share in the benefits, rather than simply being consumers. The platform plans to integrate multiple modules such as CEX trading, DEX, wallets, public chains, education, and incubation, aiming to create a closed-loop ecosystem. It sounds very ambitious, but the difficulty of execution is also evident.

Interestingly, the team composition is a mix—coming from the community, media, mining, former tech company engineers, and traditional finance. Can this combination truly collaborate effectively, or is it just a seemingly diverse lineup? Many projects make grand claims in the early stages, but the real test lies in subsequent product iterations and the actual effectiveness of community governance.

Anyway, using DAO to reorganize the operation of trading platforms indeed challenges the existing organizational models in the industry. It will be interesting to see how this direction develops in the future.