February 21st, 2024 DAO Call

DAO Call Summary February 21st, 2024

• Discussion over Wormhole used as a bridging solution. Jesse is positive for it as an option.

• Jesse talks about v2 updates and new hires.

• Jesse and Rochelle in favor of going back to Effect.ai name

• v2 will have a pre-release for testing purposes. Starting with a solid group of workers.

• Broad discussion and brainstorming about any potentials of migrating to Solana from EOS (Pure speculation)

  • More of a discussion of how to engage Solana in some way of EFX token utility

• Jesse says EOS is more than enough for launch of v2

• Broad discussion about potential incentives to encourage EFX staking, such as comparing to Nosana's staking system.

  • Other options include burning some of the Network fees to encourage holding EFX across all platforms.

• Discussion over what gives DAO value

• Unfortunately, tech issues cut off the last part of the DAO call.