Kromatika.Finance Profile picture
Oct 7 13 tweets 10 min read
Kromatika DAO is born🔥

0/10 What is a DAO?
A Decentralized Autonomous Organization, means that an organization has no central authority nor is it run from a centralized location. A #DAO is an organization run by the people, for the people.

$KROM #Web3 #DEX #KromatikaDAO Kromatika - DAO
Governance step by step process :

1/10 Create a new proposal on discord gov-discussions using the [KCP] Template discord.gg/GKQzkP7zqH

#KromatikaDAO $KROM Image
2/10 The community discusses and gives feedback on the submitted proposal for a week.

The feedback and discussion take place on discord gov-discussions. discord.gg/GKQzkP7zqH

#KromatikaDAO $KROM
3/10 After feedback has been given, and the proposal updated (if needed), the delegates signal that the proposal is ready for voting & they are willing to support it by posting a text message.

This phase is often called “temperature check” phase and lasts for a week (7days).
4/10 For a proposal to go through to snapshot voting, it must first pass the delegate voting phase.

At least 3 delegates, each with a minimum of 50000 $KROM voting power need to sign in agreement of the proposal on #Discord.

#Voting #DAO #Decentralization #KromatikaDAO #DEX
5/10 To become a delegate join discord gov-delegates.

Click here: discord.gg/VmhzN4AWVm

$KROM #KromatikaDAO #DAOs #Crypto Image
6/10 If you'd rather choose to assign your voting power to a delegate that aligns with your views click the link below.

snapshot.org/#/delegate/kro…

$KROM #KromatikaDAO
7/10 If you are a $KROM holder, and don't want to delegate your voting power to anyone, you can either participate in governance yourself or contribute by snapshot voting on proposals that pass the "temperature check" phase.

#KromatikaDAO #DEX #DeFi
8/10 If the proposal is approved, the next phase is: An official proposal will be created on Snapshot whereby the community votes.

The voting period lasts for a week(7days).

snapshot.org/#/kromgov.eth

#KromatikaDAO $KROM #DeFiProject
9/10 If the proposal gets approved by the community through snapshot voting, the approved proposal will be added as a task on dework.

The progress of the task will be transparent and can viewed by the community on dework.

app.dework.xyz/kromatika-dao

#KromatikaDAO $KROM #DeFi
10/10 Here is an article that includes all of this information in one place:
blog.kromatika.finance/kromatika-dao-…

Please note that #KromatikaDAO is an ever evolving process, and you are invited to be a part of this evolution.

Submit proposals, become a delegate and vote.

$KROM #DEX
If you enjoyed this thread, please RT the first tweet so that the entire content may be shared in order.

Thank you for taking time to read thus far.

#KromatikaDAO #Kromatika #DEX $KROM #Crypto #Decentralization

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More from @KromatikaFi

Jul 22
1/ Kromatika Point of view on the situation between #coinbase and #sec

Let's go back:

11 April: Coinbase writes a blog and mentions $KROM as one of the tokens that are planned to be listed.

We were surprised, considering we didn’t plan for it.

🧵
2/ Insider Trader

Shortly after the consideration, there were some blog posts about guys trading $KROM and other tokens which are potentially considered for Coinbase.

We couldn’t do anything about that, since $KROM is permissionless token, initially fair-launched on DEX.
Read 8 tweets
May 23
1/ Imagine:

A perfect #DEX world where you set limit orders & walk away confident in the #dapp's automation and execution of trades.

Imagine if you didn't need to sit in front of the screen to remove liquidity manually, or wait for orders to be filled.🤯

Sounds magical❓💫
2/ Imagine:

➡️BOTs cannot touch your trades.
➡️No slippage or swap fees to be paid.
➡️No requirement to touch your #ETH investment to cover gas fees.

Is this too good to be true in the current #DEX space? <a href="https://www.freepik.com/photos/girl-thinking&q
3/ Now, listen 👂

We are firm believers in blockchain and decentralization but we also felt the pinch when placing #decentralized trades.

Like we were being robbed of our #crypto value when placing trades (BOT attack, slippage, swap fees etc)

So we got to work...😤
Read 12 tweets

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