December 20, 2024

XMAQUINA unveils its MachineDAO on peaq

peaq

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In a nutshell: XMAQUINA, the DAO for decentralized autonomous machines, has unveiled its MachineDAO on peaq, aiming to run the genesis auction in Q1 2025. This will bring the first DAO focused on autonomous machines live on peaq, entrenching peaq’s position as the backbone of the emerging Machine Economy. You will be able to join the DAO and benefit from automation instead of dreading it.

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Don’t fear the robots — govern them

Just like DeFi is Web3’s answer to traditional finance, Decentralized Autonomous Organizations (DAOs) are Web3’s answer to traditional company structures. They don’t hinge on the decisions and goodwill of a handful of higher-ups and middlemen. Instead, DAOs are inherently democratic, enabling people to join forces on an equal playing field and work together toward specific objectives and causes. And, like all blockchain-based tech, they’re fully transparent, traceable, and governed by the entire collective through smart contracts.

In many ways, DAOs align perfectly with the principles and vision of the Machine Economy. Just imagine a community coming together to form a DAO that would manage a fleet of smart drones delivering pizza in the area, on the community-owned solar panel array. Indeed, some things are just meant for one another.

XMAQUINA seems to agree. In fact, its newly-unveiled MachineDAO zooms in on applied robotics, which, combined with the rise of AI, has the potential to transform traditional businesses and value creation chains. This will create new opportunities for all of humanity — or at least the part smart enough to recognize the vast possibilities ahead.

Instead of fearing that autonomous robots will take their jobs, members of XMAQUINA's DAO can benefit from them by supporting innovative projects in the field and reaping the rewards of the DAO’s growth. They will benefit from the assets held by the DAO, including Machine RWAs (tokenized autonomous machines), equity in robotics ventures, investments in DePINs, and more. The members will also have a hand in guiding the activities of Deus Labs, the DAO’s in-house initiative for advancing open-source robotics, ethical AI, and decentralized technologies.

At the core of the project is XMAQUINA’s $DEUS token, set to launch natively on peaq in early 2025. Those holding and staking the token will be able to govern the DAO’s treasury and vote on funding proposals. The $DEUS tokenomics model is designed to prioritize broad participation, with as much as 71% allocated towards the community. The token will be made available to the global Web3 community via a series of public auctions on peaq. In the first one, slated for early Q1 2025, the participants would be able to swap $PEAQ tokens or peaq-based stablecoins for $DEUS tokens. The Deus Genesis Auction will distribute ownership of $DEUS to the public while bootstrapping the DAO’s treasury and ensuring decentralized governance from the start.

“It’s time we co-own, co-govern and co-create a better machine economy. XMAQUINA is uniting a global community to collaboratively fund, develop, and share in the value of robotics and AI-driven solutions through open collaboration. Something like this is only imaginable on peaq, the layer-1 laser-focused on real-world applications, which is spearheading the push into Machine DeFi.”

— Mauricio Zolliker, founding member of XMAQUINA

“Automation is both one of the greatest opportunities of the 21st century and one of its key challenges. Web3 offers the world a unique way to defuse this ticking timebomb without having to give up on the transformative potential of smart robotics. This is peaq’s mission, and we are thrilled to see XMAQUINA’s MachineDAO help advance it.”

— Leonard Dorlöchter, co-founder of peaq

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