Xenophon is a decentralized reserve asset protocol based on DeFi 2.0. Xenophon with currency XPH can be understood as dollar USD in the decentralized network, but it is not controlled by policies or other factors. Xenophon is committed to creating a monetary system that can be used to improve currency price stability and optimize price consistency. This system will eventually allow XPH currency to become the universal medium of exchange and the accounting unit. This US-based company is very committed to development goals, enables members of its community to participate in the DAO consensus, and is working to build a global blockchain bank.
XenophonDAO pledges to build blockchain global bank and achieve DAF
In 1997, Apple, through its Think Different campaign, released an advertising quote that can be summed up as follows: People who are ready to make changes in the world are seen as fools, but they still cannot be ignored. because they are the ones who really change things.
Following this concept from Apple, Xenophon DAO has the courage to think differently to bring something new and better. To make it easier for its users, Xenophon decided to overcome the complications to participate in historical events. As a result, Xenophon DAO is positioning itself as the global blockchain bank. Xenophon also announced that exciting events will occur in the future for the realization and implementation of Decentralized Autonomous Finance, DAF. The XenophonDAO team is constantly working on building an exceptional map of the blockchain world bank.
The audience of XenophonDAO highly appreciated this decision and enthusiastically supports it to help build the world-class bank.
XenophonDAO has decided to decentralize governance rights
XenophonDAO strongly encourages transparency and community development. To be an even more open ecosystem and to better motivate the community, XenophonDAO has decided to decentralize governance rights. It included the rights of DAO and Treasury to the community. It also helped bring autonomy to the DAO and DAF community. Autonomy ensures that the community can more easily work with Xenophon by building trillion dollar products in the DAO field.
The company has also made unanimous decisions regarding IDO, DAO and the treasury pool with investment institutions and the community. The summary of these decisions is as follows.
- Users can participate in IDO only through a whitelist subscription. The governance of XenophonDAO ensures a fair qualification for participation, therefore, no one gets early access to the IDO.
- To ensure the initial community engagement, XenophonDAO is working on opening signing rights for communities in terms of DAO and cash pool. Thanks to this, no one will be able to embezzle the funds privately.
- Xenophon has established 10 consensus communities in more than 10 different countries around the world. Volunteers and leaders of these communities can directly interact with XenophonDAO through emails and the Discord group.
XenophonDAO’s voting feature is live on Snapshot
XenophonDAO already has an amazing community but there is always room for improvement. Xenophon is committed to creating a community similar to BTC where participants and its entire community can freely and autonomously build and improve it according to the progress and demands of the market.
To reach this goal. XenophonDAO featured the community voting live on Snapshot. Decisions on Xenophon products will be implemented based on the results of the vote. To make this decision more beneficial to XenophonDAO, the company will continue to improve the voting function.
XenophonDAO is a unique DAO governance project
XenophonDAO’s XPH token is linked to the decentralized BUSD token and constitutes cash. It will gradually be transformed into assets such as Ethereum and Bitcoin. XenophonDAO’s ultimate goal through XPH is to develop a fully decentralized global asset pool.
sXPH is used for governance purposes on XenophonDAO. XenophonDAO is a unique DAO governance project where community consent matters a lot. Users can participate in the vote using sXPH. By voting, users can jointly decide on every important decision concerning Xenophon and govern the community.
But since the protocol is still in its early stages and due to rapid iterations, the Xenophon team currently makes most of the decisions. Yet, before making a decision, it is considered essential to take feedback from the community. The team shares the rationale for decisions in the forum. This method of decision-making will remain until XenophonDAO launches a on-chain governance portal for all sXPH holders to participate in the decision-making.
XenophonDAO community users grow independently
XenophonDAO considers its community very important. The team has several Ask Me Anything (AMA) series, to help them learn more about the protocol and clear up their confusion.
XenophonDAO is designed in such a way that community users develop independently and generate profit. By voting, they participate in the consensus that governs the decision on the protocol. This makes the community stronger and their confidence also increases as they are able to decide for themselves what to expect from the protocol.
XenophonDAO’s roadmap is clear and very successful
XenophonDAO is committed to development and is working steadily to achieve its planned milestones.
1- Q1 2022 Add membership system and improve staking strategy
Staking is one of XenophonDAO’s most important value acquisition strategies. It allows users to earn compound interest. The payout varies depending on the amount of XPH involved in the XenophonDAO protocol. It also varies with the current reward rate.
In the first quarter of 2022, XenophonDAO commits to improving the staking strategy. It will add a membership system, adding more convenience to users.
2- Q2 2022 Xenophon Protocol will be integrated into various chains and provide external API calls
During the next quarter of 2022, XenophonDAO will work to expand its network, interacting with other channels. The company will also provide external API calls that will improve overall connectivity and collaboration.
3- Q3 2022 Xenophon Protocol will be integrated into layer 2
In Q3 2022, XenophonDAO will be integrated into Layer 2. The company primarily wants to leverage the power of Zero-Knowledge technology, one of the Layer 2 implementations. In doing so, XenophonDAO will focus on evolving the network. while taking advantage of strong decentralized security on layer 2.
4- Q4 2022 Xenophon Protocol builds the Metaverse and NFT business models for Dapps
NFT and Metaverse are among the sectors in the blockchain and crypto industries that have gained momentum in recent months, earning billions of dollars. Many successful projects are coming to the market, gaining a lot of attention and adoption. Following this interest from users, in the 4e quarter 2022, XenophonDAO will build the Metaverse and NFT business models for Dapps.
In addition, XenophonDAO wants to expand the concept of selling XPH through the bond process, into NFT. The sale of bonds will provide liquidity to XenophonDAO. When the protocol builds its own liquidity market, it will generate more income to reward and support finance.
5- Q1 2023 fully focuses on building the Xenophon protocol ecosystem
After achieving the integration goals, the company will focus on building its protocol ecosystem. The robust ecosystem will promote the quality of services and community confidence in the project.
XenophonDAO is a different project from other DAO consensus projects with its unique and advanced vision.
The future development trend of XenophonDAO
XenophonDAO is a protocol still in the early stages of development. The company is ready to stick with its original philosophy to move forward.
Xenophon has chosen not to hold XPH. All data related to the protocol will be accessible to the public. It will put more emphasis and resources on product development and commercialization, allowing users to learn more about the protocol.
Users will soon begin to receive potential results from XenophonDAO. Following its roadmap, the company will provide several development trends. To truly benefit from this system, users must continue to believe in it and continue to support it. Because, like BTC, XenophonDAO is going to be an excellent project for the future.