Dash is about to launch the world’s first ownerless and memberless investment fund.
Yes. Ownerless and memberless.
I can’t quite wrap my head around this yet, either, but at the same time this feels really really BIG.
The evolution of the Dash treasury?
So far, anyone who wanted to contribute to the Dash network could do so by submitting a proposal to the Dash treasury (which is a magical bottomless pot of money, constantly refilling itself with 10% of the Dash block rewards – one of Dash’s first innovations, which has been copied by several other projects since then). If the proposal was accepted, they would receive a grant for the value they provided.
With the new Investment Foundation, the Dash Masternode Network (through the treasury) can now invest in anything outside the Dash Network – assets, businesses, whatever – in exchange for actual…….
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