eosDAC

eosDAC (EOSDAC) was initially launched on the Ethereum blockchain as an ERC-20 compliant token. The Ethereum tokens are now frozen and being prepared to be transferred to EOS mainnet. The purpose of eosDAC tokens is to form a community-owned block producer candidate. EOS infrastructure has a constantly changing group of 21 block producers from around the world. These block producers are a decentralized entity that governs the EOS blockchain. These block producers earn a huge reward for producingShow more [+] the blocks, running the high throughput dApps and keeping the network alive. eosDAC is one of the block producers which is community driven. The eosDAC token holders get the portion of benefits that are typically reserved for block producers only. The eosDAC holder community gets the rewards in EOS for continuously voting for eosDAC as a block producer.

eosDAC is run by 12 custodians selected by votes of token holders. The Custodians vote on important issues such related to running DAC (decentralized Autonomous Community) and appointing the core team who manages the day to day operations. The core team consists of 17 members including developers, designers finance managers and others.