Decentralization, not Gas costs, is ETH’s primary advantage as the chain’s largest ecosystem and economy. Ethereum has lost some of its decentralization since switching from PoW to PoS. The evolution of Ethereum has made the previous mechanism obsolete, which is the fundamental driver behind this merger. We are only able to remain competitive with the new public chain by altering the consensus. Undoubtedly, some players who follow the PoW system will benefit greatly from this. Therefore, the competition for forked flow began in this period of “Traffic is the King.”
In the past, ETH holders ridiculed the centralization of SOL and thought its frequent crash was a joke, which showed that most users were inclined to a decentralized ecology. Recently, Ethereum Fair (hereinafter referred to as ETHF) — — the world’s first successful Ethereum bifurcation project, publicly stated that it would always uphold PoW, fight for fairness, defended the ideal of PoW with technology, and chose to build a complete financial ecosystem belonging to ETHPoW… They believed that only PoW could represent real decentralization. The purpose of ETHF DAO is to continue the original intention of decentralized development, gather miners who adhere to the PoW mining method in the industry, and jointly participate in maintaining the ecological development of ETHF.
ETHF DAO Background
ETHF is a fork led by a group of technology geeks in Silicon Valley. They believe that the PoW mechanism is the most decentralized and fairest, hoping to adhere to the PoW value concept together with Ethereum miners, establishing spontaneously the ETHF DAO organization to inherit the past glory of Ethereum and build on it. The members of the ETHF DAO are firm believers in the PoW mechanism. They have been engaged in the research and exploration of the PoW mechanism for a long time. In the team, there are mathematical experts, chip experts, and many industry developers who have been engaged in the PoW mechanism for more than six years. In addition, relying on the technical community with strong PoW consensus can ensure the rapid precipitation of native users and keep the project dynamic for a long time.
As soon as the test network was launched, it gained the attention of global users, especially overseas market was extremely active, including Silicon Valley, Turkey, Russia, Italy, and many other countries. The participation of local volunteers helped to expand the ETHF ecology.
What is ETHF DAO?
The ETHF DAO is mainly co-sponsored by PoW believers in Silicon Valley, which is a decentralized DAO organization to help the sustainable development of the ETHPoW mechanism and the guidance of assisting ecological development. It gathers many ETH miners, native encryption founders, Web 3.0 builders, engineers, KOL, project parties, and other influential big names in the industry. And it accelerates the growth of the entire ETHF ecology through resource sharing and cooperation.
ETHF DAO will always defend the ideal of PoW, build the most influential ETHF financial ecosystem in the industry, communicate and cooperate with more like-minded partners (including but not limited to communities, wallets, exchanges, ecological research, and development teams), participate in the ETHF ecosystem and continue the glory of the PoW mechanism.
At present, more than 60+partners have participated in the ETHF DAO ecosystem, which is still increasing. The participation of various track ecosystems not only enriches the development of the ETHF ecosystem but also receives strong support from Grants and brand promotion from the ETHF DAO ecosystem.
ETHF DAO’s Development Vision?
—Rebuild the financial ecosystem of ETHPoW, continue the PoW mining method, and defend the right to decentralize Cryptoer.
—Realize the integration of resources in all aspects of the industry through the DAO ecology, including the project party, trading platform, KOL, community, etc. Through the ETHF DAO link, achieve multi-win and form an ecological closed-loop.
—Through the ETHF DAO social circle, help each ecological participant to quickly obtain development opportunities, industry resources, etc. and become a real ETHPoW Builder.
—After the ETHF DAO develops to a certain scale, it will issue the DAO governance token. Only the BAYC NFT on the ETHF chain can obtain the ETHF DAO identity authentication, and can enjoy the token airdrop reward and ecological rights and interests; New entrants need to participate in the ecology by purchasing tokens; The subsequent development of the ecology can be achieved by holding governance tokens for voting and decision-making, to create a fully decentralized ETHF ecology.
How to Join the ETHF DAO?
At present, you only need to own the BAYC NFT on the ETHF chain to obtain the identity authentication of the ETF DAO. The NFT will serve as the membership certificate of the ETHF DAO, and NFT holders can participate in voting and participate in ecological construction.
Priority will be given to ETHF DAO if the following conditions are met:
1⃣️ Firm believer of ETHPoW, and the founder or partner of relevant projects/companies in the blockchain industry;
2⃣️ KOL/OG with more than 1W fans on social platforms such as Twitter/Weibo and has cooperated on projects;
3⃣️ Investment research manager of venture capital institution (VC);
4⃣️ Technical leaders who have participated in the development of high-quality projects (high popularity) in the blockchain, and have related cases of technology development;
5⃣️ Digital original content creators recognized by the market;
6⃣️ Scholars who have made academic contributions in the fields of token economy, blockchain security, consensus algorithm, etc;
Ecological projects can jointly promote the development of ETHPoW by deploying the ETHF chain and assisting each other in brand promotion and community operation.
ETHF DAO Was Officially Established and The Recruitment of The First Batch of DAO Members Has Been Started
Initial members can join the ETHF DAO ecosystem through conditional screening, early participants can enjoy services such as resource linking and value content transmission. Interested users can+TG: @ bevenwin to become early builders.
ETHF DAO has its top project resources, community strength, incubation ability, KOL alliance, etc. and a new journey has just begun. Let’s stick to ETHPoW, adhere to the spirit of decentralization, and realize the great cause of ETHF becoming the first ecological public chain of the PoW mechanism.
Common Problem
Q1: In addition to the above priority conditions, what conditions do other applicants need to meet?
Applicants may apply regarding the following conditions:
1. Resources: currency circle/traditional industry and other resource circles that can be linked.
2. Influence: How many fans/influences/representative works do you have in your field.
3. Advantage: In content/video/host, you can add group leaders to apply through our community.
Q2: What are the benefits of being a member of the ETHF DAO?
Information sharing: ETHF DAO members generally have Silicon Valley’s venture capital genes and accurate value capture methods, which can provide DAO members with industry-leading information.
Resource link: resources such as projects and communities in different sectors and tracks can be made available through ETHF ecology.
Build the influence of ecological projects in an all-around way: output brand schemes, build media matrices, produce diversified in-depth content/short videos, formulate activities, professionally build the project ecology, and increase the influence and exposure of projects/IPs.
Provide systematic value content: professional industry research databases, including research reports, industry reports, etc., exchange and share the mentioned projects, and tools/data packages by category. In addition, consultants, industry researchers, market analysts, etc. will be equipped to provide convenient research channels.
Q3: How to obtain the identity authentication of the ETHF DAO ecosystem, and what are its future applications?
At present, only the BAYC NFT on the ETHF chain is required to obtain the ETHF DAO ecological identity authentication. Members with identity authentication can participate in ecological governance and join the ETHF DAO resource circle.
