Blockchain project builder Klaystar today announced the launch of its “FundSafe” blockchain escrow solution.
SEOUL, South Korea, Dec. 28, 2022 /EINPresswire.com/ — Blockchain project builder Klaystar announced today that it is launching its “FundSafe” blockchain escrow solution.
Fundsafe transfers the project team’s funds, tokens, and token rights to a third party, the Fundsafe Contract, and each project holder (DAO) must vote to approve it before it can be used. Klaystar explained that this is a combination of custody and governance functions in an escrow service.
By using Klaystar’s FundSafe Escrow service, the project team’s △ disappearance △ sale of tokens at market price △ token secured lending △ unilateral and unfair liquidation △ other embezzlement, embezzlement and reckless operations can be resolved. increase.
Regulatory schemes, such as requiring only IEO schemes to be allowed, rather centralize authority, creating new problems of decentralized authority, like DAXA in the current Wemix crisis.said there is
The platform only helps in the process of reaching consensus between the project team and the DAO, protecting investors. In addition, with the continuous inflow of project funds, FundSafe is a sound and robust De-Fi and Blockchain bank, meant to enable voting functionality, the so-called “global governance”.
Claystar CEO Ahn Young-dae said, “Currently, all projects are based on conscience, and since there are no safeguards, breaches and embezzlement of trust are possible, so conscience quickly turns into greed.” . The project has started.”
Klaystar has been selected as a resident company for the 2nd Seoul Fintech (Blockchain) Lab and will be piloting Fund Safe within the next month.
Additionally, FundSafe is holding an airdrop to celebrate its launch. Anyone can participate in the airdrop event at Gleam.
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