Oleg Galeev

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Toronto DAO Celebrates the Successful Passing of Its Inaugural Proposal and Announces an Exclusive Launch Party

Last updated February 6, 2024

Toronto, ON — February 5, 2024 — Toronto DAO, the city’s pioneering decentralized autonomous organization, is thrilled to announce the unanimous passing of its first proposal, marking a historic moment in the establishment of a groundbreaking economic and governance model. This model aligns with the local community’s values, emphasizing transparency, inclusivity, and innovation. To celebrate this significant milestone, Toronto DAO is hosting a Launch Party on February 13, 2024, at Casa Mezcal, 291 King St W, Toronto, ON, from 6:00 PM to 8:00 PM EST.

A New Chapter in Decentralized Governance

The successfully passed proposal, titled “Formation of Toronto DAO,” symbolizes the official recognition and establishment of Toronto DAO as a key player in fostering community-driven governance. The voting process was conducted on the Snapshot.org platform, a decentralized, gasless voting system that ensures a secure and transparent voting process for DAOs and blockchain communities. This platform allows token holders to vote on proposals without incurring transaction fees, promoting greater participation and engagement within the community. The proposal’s unanimous approval on Snapshot.org underscores the community’s strong support and eagerness to participate in a decentralized organization dedicated to innovation and meaningful change.

Snapshot.org: Enabling Decentralized Voting

Snapshot.org is a leading decentralized voting platform that facilitates governance within the blockchain community. It provides a secure, gasless, and user-friendly environment for DAOs to manage proposals and engage their members in decision-making processes. By leveraging the blockchain’s transparency and security, Snapshot.org empowers communities like Toronto DAO to make collective decisions efficiently and openly.

Launch Party: A Celebration of Community and Collaboration

The Toronto DAO Launch Party is more than just a celebration; it’s an opportunity for community members, blockchain enthusiasts, and local leaders to network and share ideas. The event promises to be an intimate gathering of minds passionate about leveraging blockchain technology for the betterment of Toronto. While the evening focuses on celebration and networking, it also serves as a testament to what collective effort and shared vision can achieve.

Voices from the Core

Samir Azizi, Public Relations Lead of Toronto DAO, expressed his excitement about the DAO’s progress: “This is an exhilarating period for Toronto DAO. We’ve been tirelessly developing the infrastructure of Toronto DAO for a considerable time, and we’re delighted to finally present the platform to our community members. Having passed our initial proposal, our enthusiasm has only grown. We are now more determined than ever to motivate our members to contribute their perspectives and ideas for the city we all hold dear.”

Adding to the vision, Toronto DAO core member Matthew Glezos shared: “TorontoDAO has the opportunity to harness blockchain technology and implement a grassroots strategy to address various challenges within the city of Toronto. I am eager to witness the diverse perspectives and expertise that the DAO will contribute.” These sentiments reflect the collective ambition of Toronto DAO to leverage community-driven solutions for the betterment of the city, marking a significant step forward in its mission to foster innovation and inclusivity through decentralized governance.

Future Prospects and Call to Action

With the DAO officially formed, Toronto DAO is now focusing on engaging the community through both online and offline events and further developing its platform. This initiative aims to accommodate not just members from the blockchain community but individuals from all sectors who share a common love for the city. Toronto DAO invites everyone interested in contributing to the city’s prosperity to apply for membership and join in on the celebration.

Event Details and Registration

  • Date: Tuesday, February 13, 2024
  • Time: 6:00 PM to 8:00 PM EST
  • Location: Casa Mezcal, 291 King St W, Toronto, ON

To attend the Launch Party, please sign up at the following link: https://www.meetup.com/toronto-dao/events/298876377/

For further involvement, join our WhatsApp group via the following link: https://chat.whatsapp.com/ImvoUcn1g3u8PXg7L1q53N

About Toronto DAO

Toronto DAO is an experimental decentralized, autonomous organization aiming to create an economic and governance model that aligns with local community values. Founded by key members of the blockchain community in Toronto, Toronto DAO seeks to make Toronto a thriving city where all its citizens can flourish and prosper, fostering an environment of generosity, collaboration, and positive change.

For more information, to apply for DAO membership, or to inquire about the event, please contact:

  • Samir Azizi – PR Lead
  • Telegram/Twitter: @adoublezi
  • LinkedIn: https://www.linkedin.com/in/samirazizi/

Follow Toronto DAO on Social Media:

Join us in shaping the future of Toronto — one proposal, one vote, one event at a time.

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Author

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen.