Gate News bot, according to CryptoSlate, with the upcoming launch of XAO DAO, XRP Ledger has entered a new phase of community participation, which marks the birth of the network’s first decentralized autonomous organization (DAO).
This launch marks XRP’s future shift to deeper decentralized governance, providing users with a structured way to participate in key decisions, fund projects, and support real-world blockchain applications.
The project has not yet been officially launched, and is scheduled to be fully launched by the end of summer.
XAO will rely on XRP to fulfill its voting and governance functions, rather than issuing new governance tokens. This decision is aimed at avoiding the volatility and confusion often associated with newly issued tokens, ensuring that the focus remains on community involvement and practicality.
In addition to governance, XAO is also committed to being a catalyst for innovation.
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