@hellosuoha @ShawnMelUni yes we are in the process of redeeming, but we encounter some juicebox issue, so waiting for their team to fix bugs before we can start the redeem.
We just got notified by the @juiceboxETH team that they are working on a few bugs that are affecting v1 projects.
As a result, we'll hold off on kickstarting the redemption process until further notice. Stay tuned.
UPDATE:
Folks we tried, but @juiceboxETH had refused to refund the ETH for platform fees.
As a result, weโll move ahead and officially kickstart the token redemption process to return the ETH to token holders.
As our first step to sunset the project, we requested @juiceboxETH to refund the $ETH they charged (ard 11 ETH)
We'll then activate token redemption process where early contributors can claim their $DOMAIN token on the platform. Please support us on the platform for the refund
It has been a rewarding journey with everyone with the ambition to decentralise TLD for DAOs.
The timing now is not right, and weโll follow closely on the @ICANN process for potential future actions.
After rounds of reviews, we concluded that the @ICANN gTLD application won't happen anytime soon, and it's not ideal for investors to wait around for 2 years.
With a heavy heart, we announced that weโll sunset the project and activate a refund process.
See thread for details๐
Contributors can then redeem ETH with $DOMAIN token on the @juiceboxETH native redemption platform tool.
You have to claim the $DOMAIN token before you can redeem your ETH, so please remember to do so.
It's taking way longer than expected (until late 2025) for any material progress.
We at #DomainDAO is actively reviewing the situation for follow-up actions.
Stay tuned for more!
#DomainArmy, we brought to you the latest #ICANN77 meeting highlights specifically on the next gTLD round.
TLDR: Steady progress, yet far from sight
Thread ๐
#ICANN Interim President and CEO Sally Costerton reflects on the spirit of optimism and collaboration that carried through to the #ICANN77 Policy Forum, and talks about the advancement of the New gTLD Program: Next Round, in her recent blog: https://t.co/LSLFyL0geb
#DomainArmy, the time is almost here!
@ICANN has finally announced a more concrete plan on preparing for the next round of #gTLDs, including a work plan on the infrastructure design, timelines, and resources by Aug 1, 2023.
We're getting ready, are you? https://t.co/LgGhiMewV0
DAOs require more than just #web3 domains. Watch this video to find out why top-level domains are essential for DAOs to grow sustainably: https://t.co/DTwNeKDwvQ
A good read on how #DAO not only revolutionizes governance structure but also brings tangible business results: https://t.co/QKVSULHRIc
There'll only be more DAOs, and .dao is inevitable.
#DomainDAO