XRP Ledger to Welcome First DAO as XAO Launches Decentralized Governance Platform

• XAO DAO will launch on XRP Ledger to enable fair and transparent community governance using only XRP.
• Voting will use XRP snapshots with weight caps to ensure balanced decisions and reduce whale influence.
• The DAO will fund grants for developers, validators and public projects based on community-driven proposals.

XAO DAO will launch on the XRP Ledger. It will become the first decentralized governance platform on the network. XRP holders are empowered through voting, proposal, and funding of initiatives through the platform. This step marks the abandonment of central decision-making and the transition to community-based governance.

XAO DAO aims to support real-world projects using XRP. The platform will not launch a new token. All governance actions will use XRP. This decision helps maintain focus on stability and utility. XAO plans to go live by the end of summer.

Voting System Focuses on Fair Participation

The voting process will use a snapshot of XRP holdings. This snapshot sets each user’s voting weight. XAO will cap the voting weight to limit whale control. This ensures fairer outcomes for all participants.

Users can vote within a set window. All results and vote counts will be public. The process promotes transparency and equal access. Each vote will shape funding and development priorities. The system avoids token inflation and focuses on long-term sustainability.

Platform to Fund Multiple Grant Programs

XAO DAO will offer grants in several areas. These include validator support, developer tools, and educational efforts. The platform will also fund branding and public policy work. Community members will vote on how these grants are used.

The goal is to support bold ideas that benefit XRPL. XAO will rely only on XRP for funding. This avoids risks tied to launching a new governance token. The platform wants to keep governance simple, transparent, and community-driven.

The team behind XAO believes that XRPL is ready for this step. Community-led oversight can help filter out low-quality or scam projects. A structured DAO may also help manage the rapid growth XRPL is now experiencing.

XRP Ledger Sees Spike in Activity

User activity on XRPL is rising fast. Daily addresses are up by over 700% in recent months. Whale wallets also reached record highs. Several new stablecoins and tokenized assets have launched on the network.

XRPL plans to add an EVM-compatible sidechain later this year. This update will support more complex DeFi applications. The added features are drawing interest from developers and users alike.

As XRPL evolves, XAO DAO may play a key role in shaping its future. The platform brings community decision-making into focus at a critical time for the network.