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Api3 to Submit Token Emissions Proposal on September 4th

By Exbasi Intelligence
Sourced from Coindar
Api3 to Submit Token Emissions Proposal on September 4th
Api3 will submit a governance proposal on the future of API3 token emissions on September 4th.Voting power will be captured when the proposal is created, so later delegation changes and new stakes will not count in the vote.Refer to the official tweet by API3:On Friday a proposal on the future of API3 token emissions will be submitted to the DAO.Voting power is snapshotted during proposal creation. Delegation changes or new stakes don't count for that vote.Please adjust your delegations and stake accordingly before Friday.API3 InfoAPI3 is a project that focuses on delivering traditional dAPI services for Web3 applications. The project is governed by a decentralized autonomous organization (DAO), specifically the API3 DAO.Traditional API services are centralized, meaning they are owned and controlled by individual companies or organizations. This creates a range of issues in terms of transparency, security, and reliability. API3 addresses these problems by offering fully decentralized APIs.The API3 token is used within the project's ecosystem as a means to incentivize network participants, including node operators and developers, to engage in voting and DAO governance.

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