Every Ottó has their role to play!
While the votes in the #DAO decide which actions are to be taken - supporting the DAO is the Financial Council made up of the core team, contracted professionals, and organisations.
The DAO decides, the Financial Council implements!
It was a quick one, but that’s the end of the Regulatory Requirements module.
The Professor would like to remind us all that the pen is stronger than the sword.
Let's lead the regulatory narrative and focus on collaboration with institutions rather than conflict!
Ottó 101 #6
By now, we should understand that whilst #DeFi is a magical place for all where inefficiencies are minimised, so is #institutional ‘big money’ participation.
These institutions are looking for one thing, and one thing only - industry standard compliance checks ☑️
Ottó 101 #8
We retailers have done our part - and done it well I might add!
(Why back in the day, blockchain was built by Ottó's just like you and me).
But we still need institutions to take it to the next level, and Ottó is perfectly👌🏽 positioned to bring them in.
Ottó 101 #5
GM students!
In the last class, we mentioned DeFi #growth in a high-risk environment.
Luckily though, #Ottó has the help of #Custodians to tackle these risks ☑️
Our friends store assets with a higher degree of #security & don’t disappear in our time of need!
Ottó 101 #4
Prof. Ottó has seen much in his time, including the growth of #DeFi over the last year (significant considering an Ottó's lifespan!).
In June 2020, DeFi total value locked grew from US$1B to US$247B by the end of 2021.
Alas, this growth has not come risk-free…
Ottó 101 #3
Many like-minded students I see! Hmmph, yes, the Professor agrees security is a top priority.
DeFi, the magical place where everyone but financial intermediaries are allowed in.
Here, you are not restricted by gatekeeping systems, its delays and expenses.
Community Update: We would like to notify everyone that we are now pushing Ottó to a broader audience. We are currently in the middle of a marketing campaign with @Benzinga to reach new Ottó users and grow our community.
#OttoBlockchain
Ottó 101 #2
Remember students, Ottó is a #KYC compliant, curated smart #finance blockchain.
If you ask me, its defining feature is most probably #NFT identity attestation 🤔
Its important to know who you're dealing with out there in #DeFi❗
(WP p.g. 2)
Welcome Ottó fren!
Ottó 101 is an educational infographic series running on Wednesdays and Fridays.
It follows the order of information in the whitepaper, so you can easily supplement your learning with the WP itself!
Sit back and relax as Prof. Ottostein takes the class!
OTTO rewards will be airdropped to Ottó wallets associated with accounts that have completed the Ottó onboarding and successfully bound their Ethereum and Ottó wallets.
The Otto airdrop will coincide with the launch of the Ottó Blockchain.
https://t.co/B7XYhSB2J4
We are excited to be entering this phase of development. We will announce the date for the Blockchain launch along with the utility of OTTO token imminently.
Ottó Pre-mining complete today, but the journey of the innovation will never stop. Thank you for all your support alone the way, we will have AMA at the end of this month to bring more details to our community.
#OttoBlockchain https://t.co/KGjvi5vuyB
📢 Otto Onboarding V2 rollout is imminent
We would like to extend our thanks to everyone who participated in the Onboarding Beta Test. We've received valuable feedback and it's much appreciated. We can’t wait to share the new & improved V2 with easier navigation & added features