{"id":52164,"date":"2021-11-02T10:46:34","date_gmt":"2021-11-02T08:46:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52164"},"modified":"2025-09-03T08:53:04","modified_gmt":"2025-09-03T05:53:04","slug":"ethereum-name-service-announces-governance-token-launch","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-name-service-announces-governance-token-launch\/","title":{"rendered":"Ethereum Name Service announces governance token launch"},"content":{"rendered":"<p>The Ethereum Name Service (ENS) project team announced a move to a decentralized governance model with community delegates and a governance token.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ENS is decentralizing governance &#038; is now accepting applications for DAO delegates.<a href=\"https:\/\/twitter.com\/search?q=%24ENS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ENS<\/a> governance tokens will be opened for claiming by ENS users (snapshot made yesterday) a week from today, with more details about it then. <\/p>\n<p>Blog post or \ud83e\uddf5 for more<a href=\"https:\/\/t.co\/4Qb9YhpCqT\">https:\/\/t.co\/4Qb9YhpCqT<\/a><br \/>1\/<\/p>\n<p>\u2014 ens.eth (@ensdomains) <a href=\"https:\/\/twitter.com\/ensdomains\/status\/1455283001248698376?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe believe that both ENS and the decentralized autonomous organization space have matured sufficiently, and now is the time to transfer governance of the service to the community by creating a DAO and a governance token\u00bb, the blog notes.<\/p>\n<\/blockquote>\n<p>Primarily, the team wants to place existing and future project funds under community control, as well as the pricing mechanism and the registration of .ETH domain names.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abStarting today, people can nominate themselves as ENS governance delegates. The $ENS tokens will be available to claim in a week (the snapshot was taken yesterday). More details will be provided then\u00bb, ENS clarified.<\/p>\n<\/blockquote>\n<p>The statement noted that the delegation model is a \u201cgood start.\u201d While every community member will be able to vote directly, the team intends to encourage token holders to delegate their powers to self-nominated leaders.<\/p>\n<p>Earlier, Ethereum co-founder Vitalik Buterin <a href=\"https:\/\/u1f987.com\/en\/news\/buterin-proposes-scrapping-token-based-governance-for-defi-projects\">expressed the view<\/a> that governance-token voting poses a number of threats to project development.<\/p>\n<p>Follow ForkLog news on Facebook at <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum Name Service (ENS) project team announced a move to a decentralized governance model with community delegates and a governance token.<\/p>\n","protected":false},"author":1,"featured_media":52165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[130,1385],"class_list":["post-52164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-decentralization","tag-ethereum-name-service"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=52164"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52164\/revisions"}],"predecessor-version":[{"id":52166,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52164\/revisions\/52166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/52165"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=52164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=52164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=52164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}