ENS DAO will determine all matters related to .eth such as transaction fee changes, the use of the vault, and any token holder can participate in DAO governance.
Original title: “ENS X ENSUser AMA Review”
Interviewee: Brantly.eth, ENS Operations Supervisor. Organized: ENSUser
The Ethereum Name Service is a distributed, open and extensible naming system based on the Ethereum blockchain. In layman’s terms, ENS is the domain name system in the blockchain. The ENS domain name eliminates the need for people to copy or enter lengthy blockchain addresses.
ENSUser is an unofficial ENS Chinese community spontaneously maintained by the community. It maintains ensuser.com (ensuer.eth.link) to provide ENS users and application developers in the Chinese world with ENS-related information, tutorials and documentation.
On November 1, 2021, ENS announced the release of governance tokens, and the web3 domain name agreement will soon start decentralized governance. ENSUser invited Brantly.eth, ENS operations director, to be a guest in the community to share a series of Chinese world users’ concerns about DAO governance, airdrops, and Layer 2 expansion. The following is an AMA review.
TLDR
50% of ENS airdrop tokens will belong to DAO itself. 25% will be provided to accounts with .ETH names, and the other 25% will be distributed to hundreds of people who have contributed to ENS in important ways in the past 5 years. DNS mapped domain names and subdomains are not included in the airdrop. The ENS project has not been funded, and the core team will not provide liquidity for the token and actively contact the exchange to list the currency. DAO will decide all matters related to .eth, such as transaction fee changes, vault usage, etc. Any $ENS holder can participate in DAO governance and become a Delegator.
Community collection problem
Q1: From your perspective, can you briefly introduce the ENS project to our community partners? What role does he play in the Web3.0 ecosystem?
Brantly.eth: ENS is the identity protocol of web3, which is ultimately applicable to the entire Internet. You have your own username, control your profile data, and bring it to every dapp and service you use. This is different from web2. In web2, you use a different account and user name for each isolated service. In web3, you have your own user name and use it in various applications.
Above this is the main use case. Two other important uses are that your ENS name can simplify encrypted payments on any blockchain, and it can be a decentralized website.
Q2: The .eth domain name can be said to be an earlier NFT than Punk. Can you give us a brief introduction to the background and development of the ENS team?
Brantly.eth: ENS was launched on May 4, 2017. This is a few weeks earlier than CryptoPunks and a few days earlier than Curio Cards. I am pretty sure that ENS is the longest-running NFT community in the world. There was an NFT standard at the time but there was no ERC-721 standard, which came out later that year.
ENS started in 2016 as a leisure project for Nick Johnson and some others from the Ethereum Foundation. When ENS was launched in 2017, it was very simple, just an Ethereum address and a Swarm hashed .ETH name.
But so far it has developed a lot: it now supports any blockchain address; IPFS, Skynet, and Arweave also have hash values; and personal profile data such as avatars. It is no longer just a .ETH name; you can also import any DNS name into ENS.
Q3: ENS has just released a plan to govern tokens. Regarding the different roles of ordinary users, speculators, and partners in the ENS ecosystem, how to allocate initial governance powers is beneficial to the long-term interests of ENS?
Brantly.eth: 50% of the tokens will belong to the DAO itself. 25% will be provided to accounts with .ETH names, and the other 25% will be distributed to hundreds of people who have contributed to ENS in important ways in the past 5 years. For airdrops, it has nothing to do with the number of .ETH names a person has, but is proportional to the time they have any domain name. This avoids giving too much power to large-scale cybersquatting. Projects that have made significant contributions to the ENS ecosystem will receive additional tokens, for example, ENSUser will receive some contributor tokens. Thank you so much for everything!
Q4: There are a lot of registration fees in the ENS vault. With the opening of governance rights, how will these funds be allocated?
Brantly.eth: Good question. This will be decided by ENS DAO! This is actually a big driving force behind doing DAO: we don’t know how to spend money, we want the community to have a say in this. (Note: The ENS vault currently has more than 24 million US dollars) We suggest that they use it first for ENS development, then for the ENS ecosystem, and then for web3 public products.
Q5: Gas is too high. Does ENS have a layer2 development plan? What is the current progress?
Brantly.eth: Yes, the gas fee is terrible. We plan to use CCIP-read to allow users to place records and subdomains on the L2 of their choice. It will take longer to reduce the cost of registering a .ETH name. We may eventually move it to L2, but the problem is that we have to move all registrations to that L2, and we want to wait for the L2 ecosystem to mature first.
Q6: Which applications based on ENS currently shine for you. What use cases do you hope the ENS ecosystem will develop in the future?
Brantly.eth: Using the ENS name as your username is very powerful, and I like any dapp that uses the ENS name in this way. I recently saw a project that uses ENS to name file storage on a distributed file network, which is pretty cool.
Q7: Some time ago, ENS is compatible with all DNS domain names. Will this affect the value of .eth domain names? What are the advantages of .eth over traditional DNS access domain names?
Brantly.eth: I don’t think so. Although DNS names imported into ENS can do many of the same things, .ETH names still have some advantages. For example, the .ETH name is completely self-hosted, and the DNS name imported into ENS has the same security level as the ordinary DNS name. This is a blog post that discusses this issue in more detail.
In addition, I think .ETH has a good brand effect. Just as .COM represents the rise of the Internet, I think .ETH as a symbol represents the rise of web3
Free Q&A
Q8: Does ENS plan to list on any exchanges?
Brantly.eth: The ENS core team will not provide any liquidity for the tokens, or take the initiative to contact exchanges to discuss the listing of the tokens.
Q9: Will ENS be listed on Binance?
Brantly.eth: This is to ask Binance.
Q10: I want to know why not airdrop tokens to users who connect DNS to the ENS domain name? I think this is a positive transition from web2 to web3, which is beneficial to the entire cryptocurrency ecosystem.
Brantly.eth: This is because the DAO will be responsible for managing matters related to .ETH domain names, and the registration mechanism and registration fees are only related to .ETH domain names.
Q11: What do I have to do to participate in ENSDAO?
Branrly.eth: Only $ENS tokens are needed. It will be available after November 8.
Q12: What are the functions of the $ENS token?
Brantly.eth: $ENS tokens give holders the right to vote in the DAO.
Q13: According to the announcement, users who donate to ENS in Gitcoin cannot get airdrops. But can donating users get airdrops in the future, after all, they have contributed to the project?
Brantly.eth: The ENS core team has never accepted donations from Gitcoin.
Q14: Will the number of users registering domain names be limited in the future? Will the registration fee increase in the future?
Brantly.eth: No! There is no upper limit for ENS domain names. We hope that everyone on the planet can have an ENS domain name. Regarding the annual fee, this will be controlled by the DAO, and the DAO decides whether it will increase.
Q15: Will ENS be airdropped to poap holders?
Brantly.eth: Holding POAP will not increase the number of airdrop tokens.
Q16: In the future, can we use ENS tokens instead of ETH to register domain names and renew fees?
Brantly.eth: This will be determined by the DAO.
Q17: I usually use *.dcl.eth as the domain name, and I set reverse record, but I don’t have an airdrop. I think this is unfair. What do you think?
Brantly.eth: We limited the airdrop to .eth domain names, because DAO will manage matters related to .eth domain names, not subdomains.
Q18: Will unlocked ENS tokens have the same voting rights as circulating tokens?
Brantly.eth: No, locked tokens will not have voting rights.
Q19: Does ENS have a liquid mining plan?
Brantly.eth: The ENS core team will not provide any liquidity.
Q20: Will ENS tokens be issued all at once or unlocked in batches?
Brantly.eth: The tokens for the core team and advisors will be released in 4 years. 50% of the tokens allocated to DAO are also gradually released. The tokens given to other users are released at one time.
Q21: Unstoppable domains® has many top-level domains. Will the ENS team create other top-level domains besides .eth in the future?
Brantly.eth: Unstoppable doesn’t own any top-level domains, they just created some domain names, and they are likely to conflict with the existing domain names of ENS and DNS in the future. ENS supports the DNS domain name space. Now these domain names created by Unstoppabe are likely to collide with the DNS domain name space in the future, causing different conflicts between domain name holders and DNS domain names in the UN system.
Q22: Hi, Brantly! How many people apply for Delegator now? How many Delegators will you choose in the end?
Brantly.eth: Currently hundreds of people have applied for 😅. We will not be responsible for choosing a delegate. The decision of the token holder to delegate the token to a delegate that he trusts is entirely up to the user.
Q23: Is there a route map for ENS?
Brantly.eth: We often openly discuss progress and work to get feedback, but in the future we should probably publish an updated roadmap.
Q24: ENS is easy to use and easy to remember, but now many wallets and exchanges do not support it. What do you think? How will the use cases of ENS be expanded in the future, and what will the team do?
Brantly.eth: There are currently 310 types of access, but ENS requires thousands of applications to access ENS. What community users can do is to politely request access to ENS domain names from various services. Various applications will listen to users’ opinions.
Q25: Hi, Brantly! Why do you decide to issue coins and DAO now, instead of a few years ago?
Brantly.eth: We think ENS and DAO are mature enough. I don’t know before, DAO is still very experimental, and ENS is also very naive.
