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#DomainArmy, the token redemption process has started
Claim your $DOMAIN today to redeem $ETH: juicebox.money/p/domaindao
We just got notified by the @juiceboxETH team that they are working on a few bugs that are affecting v1 projects.
As a result, we'll hold off on kickstarting the redemption process until further notice. Stay tuned.
UPDATE:
Folks we tried, but @juiceboxETH had refused to refund the ETH for platform fees.
As a result, we’ll move ahead and officially kickstart the token redemption process to return the ETH to token holders.
As our first step to sunset the project, we requested @juiceboxETH to refund the $ETH they charged (ard 11 ETH)
We'll then activate token redemption process where early contributors can claim their $DOMAIN token on the platform. Please support us on the platform for the refund
After rounds of reviews, we concluded that the @ICANN gTLD application won't happen anytime soon, and it's not ideal for investors to wait around for 2 years.
With a heavy heart, we announced that we’ll sunset the project and activate a refund process.
See thread for details👇
Contributors can then redeem ETH with $DOMAIN token on the @juiceboxETH native redemption platform tool.
You have to claim the $DOMAIN token before you can redeem your ETH, so please remember to do so.
It has been a rewarding journey with everyone with the ambition to decentralise TLD for DAOs.
The timing now is not right, and we’ll follow closely on the @ICANN process for potential future actions.
#DomainArmy, we brought to you the latest #ICANN77 meeting highlights specifically on the next gTLD round.
TLDR: Steady progress, yet far from sight
Thread 👇
#ICANN Interim President and CEO Sally Costerton reflects on the spirit of optimism and collaboration that carried through to the #ICANN77 Policy Forum, and talks about the advancement of the New gTLD Program: Next Round, in her recent blog: go.icann.org/3Js0Ulw
In addition, @ICANN has a 30-month long communication plan to educate and grow awareness for Domain-related topics, started from March 2023.
It's taking way longer than expected (until late 2025) for any material progress.
We at #DomainDAO is actively reviewing the situation for follow-up actions.
Stay tuned for more!
#DomainArmy, the time is almost here!
@ICANN has finally announced a more concrete plan on preparing for the next round of #gTLDs, including a work plan on the infrastructure design, timelines, and resources by Aug 1, 2023.
We're getting ready, are you? domaindao.medium.com/domaind…
DAOs require more than just #web3 domains. Watch this video to find out why top-level domains are essential for DAOs to grow sustainably: youtu.be/_WlUznFLtmE
A good read on how #DAO not only revolutionizes governance structure but also brings tangible business results: dailyhodl.com/2023/02/16/rev…
There'll only be more DAOs, and .dao is inevitable.
#DomainDAO
It IS quite alarming to us #DAOs as central authorities are tightening up their regulations on #crypto and #defi in general.
Do you think more #regulations will harm the industry or boost #web2 adoption? Let us know below 👇
#DAO #SEC #DomainDAO
Lido DAO member, Jacob Blish, raised alarm bells over DeFi’s possible future if the SEC limits or bans US citizens from interacting with crypto staking services. cointelegraph.com/news/sec-s…




