The builders of the ZKasino undertaking offered a DAO administration mannequin for ZKAS token holders.
The undertaking staff shared an replace to its governance system, during which the builders, who had been beforehand accused of a $32 million rug pull, are getting ready to launch a DAO governance mannequin for the ZKasino community.
In line with the undertaking staff, launching the DAO governance mannequin is a big step in the direction of making ZKasino as decentralized as attainable.
Some potential use circumstances for DAO have been proposed, together with altering recreation contracts, introducing new video games, neighborhood initiatives, and platform updates.
“In mild of current uncertainties, sustaining belief inside our neighborhood stays our high precedence at ZKasino.”
ZKasino staff
Beforehand, ZKasino was suspected of participating in fraudulent actions in opposition to customers. The undertaking staff collected 10,515 ETH, then closed the Telegram channel and blocked the withdrawal of funds.
Etherscan information additionally confirmed that greater than $32 million in person belongings had been transferred to a different tackle after which despatched to the Lido Finance liquid staking protocol.
In reference to the incident, the MEXC crypto change canceled the itemizing of the native token of the ZKAS undertaking, and the Ape Terminal platform canceled the preliminary coin providing. VC agency Massive Mind Holdings has additionally distanced itself from ZKasino and claims it had by no means invested immediately on this crypto on line casino.