Ethereum Name Service announced that it will decentralize its management process through delegates and its own token.
The Ethereum Name Service, an Ethereum-based, open-source protocol for domain names, released an announcement Monday. In the announcement, it announced that it will decentralize the administration using delegates and a special token. The blog post included the following statements:
“We believe that both the ENS and DAO space have matured enough, it is time to hand over the management of the ENS to the community through the creation of a DAO and $ENS management token. ”
Details about ENS, such as the exact process and how much it will be printed, are not yet clear. While it was noted that the details will be announced a week later, it was stated that the snapshots of the accounts were taken. The team also added:
“We need individuals and groups dedicated to the growth and longevity of ENS. If you are interested in taking an active role in ENS management, the opportunity is right in front of you. ”
