FORSAGE has become a Decentralized Autonomous Organisation (DAO)?
FORSAGE, one of the most debated financial platforms of this year, which has already been compared to the Ponzi scheme and accused of the growth of transaction fees of the ETH network in August 2020, is handing the platform over to the Community. Last week, the authors of the FORSAGE idea announced the release of their own FRX Token, which will become the management asset of the platform, giving participants the opportunity to influence its further development.
This token allows holders to participate in making strategic decisions regarding the development of the FORSAGE Community, submit their own ideas, or vote on existing proposals. The generation of tokens is embedded in the smart contract and based on the user's activity in the FORSAGE xGOLD program.