Over the past three months, our focus has been primarily on the DeFi platform. By having this ready and live for token holders we can now focus more on the finalization and implementation of the DAO and the ORV 3.0!
In that regard we are excited to share the following news and updates:
ORV 3.0
The current ORV upgrade is going as planned, and, when ready, it will go live on the blockchain via a smart contract. This upgrade is critical in providing better support, faster, easier, and more secure systems to complete all the various Ecosystem components which will directly support the project and the tokens.
Each and every token held by the community and token holders have a value linked to the assets in the ORV. Each part of the ORV is an interconnected value to the token and the Ecosystem as a whole.
DAO
The whitepaper and the platform itself are well underway in the development phase. The objective of the DAO is to provide a new decentralized business model. Making all financial transaction records and rules visible on the blockchain, essentially eliminating the need for third-party approval, and providing a secure incorruptible digital ledger.
Every token holder is a member of the Ormeus Ecosystem DAO which will be confirmed via an issued governance token while holding a minimum amount of all three Ormeus Ecosystem Tokens. This token allows a member to vote on future project-related topics and directions. The more tokens one user holds, the more voting power they will have in the DAO while retaining the governance token. The minimum number of tokens needed have yet to be determined.
All the updates listed above are already underway and are expected to come to fruition during Q2 2021. Be sure to keep checking back for further updates as we continue to move along with the project.
