It will not make any different in the altcoins. Firedao was just another galxe that was based on arbitrum. I see no unique feature that has been offered by this one. Your expectation was too high. It's also pretty much the same like BABT that already used by binance for its users.
i see nothin special from the project that you have mentioned above. Can you tell me which thing may be wrong with me?
I would like to call that galxe arbitrum version.
i see nothin special from the project that you have mentioned above. Can you tell me which thing may be wrong with me?
I would like to call that galxe arbitrum version.
Thanks for your comment. Galxe is quite a model FireDAO should look up to. They have both similarities and differences. It is true that FireDAO has so many features that are not unique to Galxe but the differences are obvious as well. Although both on Arbitrum, Galxe aims to build an open and collaborative credential data network that is accessible to all developers in Web3 while FireDAO is more like a social DAO emphasizing the tokenomics that are accessible to all users. The standard of utilizing on Galxe is higher than that on FireDAO which makes all potential users more available. Speaking of specific features, Galxe might be more advanced because of their abundant resources but FireDAO is optimizing the best use within limited resources now, with a bigger vision of building a more complete and sustainable system. We don't mind what we are called but will focus on what we are doing. Anything helpful is encouraged and welcomed. Please enlighten us if you have more constructive advice.
"I haven't heard of this project, nor have I seen any promotion. Currently, social DAOs are in the early stages of development, and I don't think the DAO organizations in the market are very mature yet. Regarding soul binding, I think it is still uncertain whether it is a good direction. If I bind my identity to a blockchain, every action I take, such as buying something, will be recorded on the blockchain and made public to the entire network. My consumption capacity, my transfer income, will this not attract a lot of fraud, blackmail, or other troubles? Personally, I think the risk is still very high."
Please refer to this thread where you can find more detailed info, including the white paper of FireDAO. https://bitcointalksearch.org/topic/annfiredao-social-daodidweb3-identitysbtssupereconomy-5441307 In regards to your doubts, I think you are too anxious about the dark sides and underestimate the real development and application such as soulbound token and the security issue of blockchain. Of course, your concerns make sense and I am not saying it is not necessary. The security has been our on priority list since day one and we'll make sure FireDAO is one of the best DAOs in the future.
