🚀 Ethereum Governance App Tally to Wind Down Operations
#Ethereum #Governance #Tally #Crypto #Blockchain #ICO #DeFi #Payments #WindDown #CryptoNews #ETH
Tally, an Ethereum governance application, is set to cease operations after more than five years. According to NS3.AI, the platform facilitated over $1 billion in payments through its infrastructure. CEO Dennison Bertram announced that the company opted against proceeding with a planned initial coin offering, citing unfavorable market conditions. The wind-down process will commence at the end of this month, although the interface will remain active temporarily to assist clients during the transition.#Ethereum #Governance #Tally #Crypto #Blockchain #ICO #DeFi #Payments #WindDown #CryptoNews #ETH
🚀 Velora DAO Approves Wind-Down and Treasury Transfer to Laita Labs
#VeloraDAO #WindDown #TreasuryTransfer #LaitaLabs #NS3AI #DAO #GovernanceToken #VLR #Proposal #Cryptocurrency
Velora DAO has approved a proposal to wind down its operations, transferring approximately $415,000 from its treasury to Laita Labs. According to NS3.AI, this decision will shift protocol operations and future revenue to the development company. The proposal also includes ending the DAO's 20% fee routing, retiring staking with immediate withdrawals, and designating VLR as a governance-only token. The vote passed with 65.8% support.#VeloraDAO #WindDown #TreasuryTransfer #LaitaLabs #NS3AI #DAO #GovernanceToken #VLR #Proposal #Cryptocurrency