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WebX Smart Contract
WebX serves as the foundational currency of LegitDAO, a decentralized autonomous organization (DAO) designed to build a sustainable, decentralized, and innovative ecosystem. By embracing a unique approach to tokenomics, WebX differentiates itself from other cryptocurrencies that often prioritize immediate supply and circulation. Instead, WebX employs a gradual minting process designed to align token distribution with the network’s organic growth. This article delves into the mechanics, goals, and vision behind WebX, showcasing how it builds value while promoting decentralization and community involvement.
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Tokenomics Explained: An Easy Guide to the LegitDAO Smart-Contract
The LegitDAO contract combines governance, utility, and incentive mechanisms to create a decentralized autonomous organization (DAO). This contract provides a structure where DAO members can participate in decision-making, contribute to projects, and earn rewards.
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Building a Decentralized Future with LegitDAO: From Problem Discovery to AGI
Founders of traditional startups often embark on their entrepreneurial journey by identifying a specific problem they wish to solve. Their process typically begins with a clear understanding of the issue and an awareness of potential customers who face that problem and are willing to pay for a solution. As the startup grows, the founding team broadens its vision by discovering interconnected problems and expands its offerings to serve new market segments that value similar solutions. This approach is systematic, incremental, and focuses on creating tangible value in exchange for monetary contributions from customers.
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Contributing to LegitDAO: A Step-by-Step Guide
At LegitDAO, we foster a collaborative environment where every community member can contribute to the growth and improvement of the ecosystem. Whether you’re a developer, designer, or just someone passionate about LegitDAO’s mission, this guide will walk you through how to make contributions to the LegitDAO repository and submit modifications to help shape our future.
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Setting Up a Binance Smart Chain (BSC) Node for LegitDAO Using Docker
In this guide, we’ll show you how to configure and run a Binance Smart Chain (BSC) node using Docker and Docker Compose. This setup is specifically tailored for the LegitDAO project to ensure efficient blockchain interaction with persistence, automatic restarts, and WebSocket support.
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Gamification of LegitDAO
In a world where connection and collaboration are paramount, the quest for Artificial General Intelligence (AGI) represents a monumental leap forward for humanity. At LegitDAO, we envision a future where people can easily connect, propose ideas, and execute projects to pave the way for our AGI ambitions. This vision is not just a dream; it’s a roadmap leading us toward a reality where an AGI operates within a well-interconnected blockchain ecosystem.
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LegitDAO Token Distribution
LegitDAO comprises a total of 100 million tokens, each of which is divisible into 100 million smaller units. The table below outlines the wallets that contributed to the project, detailing the number of tokens allocated to each wallet at the time of minting. It also includes information on the wallets they referred to the project, the tokens they earned through their contributions, and the tokens they received as referral rewards. For founders, the table additionally shows the tokens allocated to them.
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Tokenomics of the LegitDAO ecosystem
In the world of decentralized organizations, the structure and governance of the system play a pivotal role in its success. LegitDAO, a decentralized autonomous organization (DAO), comprises several essential components, including the founding members, the affiliate network, and the DAO smart contract itself. This article delves into each of these elements, outlining their functions, interactions, and contributions to the overall ecosystem.
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