XDAO will be putting an official stop to all $DAO farming activity on August 11. This alteration represents a dramatic about-face for the platform. After this date, users will not be able to farm any more $DAO tokens. The Swordy team is excitedly preparing for the launch of its unique Telegram-first counterstrike-inspired gaming platform powered by TON blockchain. August 11 is marked as a big day for the simultaneous app launch and the start of the end of farming.

The company committed to being more transparent going forward and to release more information in the near future, including Part 2 of the tokenomics breakdown. XDAO will be announcing a pricing model soon as demand grows. Plus, you won’t want to miss them dropping some sweet, juicy info about upcoming integrations and platform features.

Transitioning to the TON Blockchain

XDAO’s new platform runs on TON blockchain, which can be reached directly through Telegram. To start, users need to deposit and stake their tokens, rendering these inactive tokens for spendable purposes. On the permissions side, the whole system can support a little over 100k active DAOs at once.

On August 11, all activities in the platform’s farming application, TONxDAO, will be halted and recorded in a snapshot. On the surface this may seem an odd transition, it’s a very strategic move towards a more integrated and streamlined user experience across Telegram’s entire ecosystem.

Tokenomics and TGE Details

XDAO Tokenomics aims to drive the value of the token through utility and scarcity. The Token Generation Event (TGE) will take place when the farming period ends, marking an exciting time for token holders.

XDAO is working towards implementing an in-chain countdown timer into the TONxDAO Airdrop Listing Date. This addition will allow for a better experience for users to receive real-time updates as they near the TGE.

Last Chance for $DAO Farming

The end of DAO farming also provides users with one last opportunity to gain tokens through this method. Time is running out before the TGE! All activity within the platform’s farming app, TONxDAO, will be paused and recorded in a snapshot taken on August 11.

official X handle of XDAO posts thrilling announcements - XDAO

This creates a short window for anyone wishing to get the most out of their existing holdings while they still can before this next phase starts. XDAO looks forward to sharing more as the program develops! These will feature Part 2 of the Tokenomics Breakdown, Supply Curation Models Powered by Surging Demand and New Platform Integrations & Features on the Way.