.0xPolygonLabs DAOs can now be launched in 10 minutes with no code, thanks to Aragon release $MATIC Polygon
This release is of paramount importance for all teams with ERC-20 tokens on Ethereum and Polygon . In order to run a DAO and organize governance referendums, teams need simply to import their tokens to Aragon app's dashboard.
Even the tokens that were created pursuant to outdated standards can still be used in decentralized governance. Aragon application allows the minting of governance tokens with prefix"g" added to the ticker:If the token doesn't fit the standard, we'll walk you through the wrapping process to give your token voting capabilities When you wrap your token in the Aragon App, a"g" will appear in front of the token symbol, meaning"governance.
As such, for the first time ever, the ERC-20 token can be minted and moved to the Aragon dashboard to migrate toward decentralized governance on an exchange, DeFi platform or GameFi app.Besides that, the new applicaton release can help enterpereneurs in creating SubDAOs; multiple DAOs can be launched with a single governance asset.
At the same time, to prevent scammers from attacking the tokenomics of legit tokens, only the original DAO has permission to mint more tokens.
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