CandleFocus ETHDenver’s SporkDAO Launches $SPORK ($sSPORK) Patronage Token Distribution
2024-12-10
Author: Content Editor
SporkDAO LCA, the cooperative behind ETHDenver LLC, has announced the distribution of $52,800 in profits to its members holding staked $SPORK tokens. This marks the first-ever profit distribution for patronage within a decentralized autonomous organization (DAO), offering a new approach to community-driven rewards. The distribution is based on a Limited Cooperative Association (LCA) structure and is tied to meaningful contributions to the ETHDenver ecosystem. Members earn $SPORK tokens by participating in activities such as attending events, volunteering, and submitting projects. This distribution sets the stage for future distributions, with the next one scheduled for ETHDenver 2025. SporkDAO aims to help Colorado become a Web3 innovation hub and fosters ongoing Web3 innovation through initiatives like Bufficorn Ventures. ETHDenver is the world's largest Web3 #BUIDLathon and community innovation festival.
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