Not the first time Ripple (XRP) will be donating huge amount into a noble course under charity, and , a member of Ripple’s movement, at the famous American television comedy talk show, ‘The Ellen DeGeneres Show’ declared that they will be giving out $4 million into Ellen DeGeneres’ Wildlife Fund.
“We wanted to show you that people are thinking about you [Ellen], so, on behalf of Ripple, we’d like to give you $4 million,” Kutcher said.
At the show, the grade-A actor, , who is also a co-founder of A-Grade Investments, an investor at BitPay, also has an investment worth $90 million in Airbnb, and $60 million investment in Uber.
The actor who is an avid lover of Cryptocurrency, together with Ellen DeGeneres at the show earlier today mentioned that they will be donating into the wildlife which is located at Rwanda.
Highlighting the fact that he has a stake in Ripple, the actor celebrated the proficiency of XRP.
While donating the fund, the venture capitalist, displayed the use case of Ripple in cross-border transaction at the show, using it to make instant transfer of the $4 million into Rwandan Francs.
“Now, usually people come out with a big giant check and do the ‘big giant cheque thing’, but we can transfer it into Rwandan Francs right now right here, and all you need to do is push this button,” Kutcher stated.
Ashton, relating his experience with Ellen, said they have been friends for years and she is fond of doing things away from self-interest but for the masses.
Ellen, in her own statement, disclosed her appreciation to the entire team of Ripple, stating that she has a great love for the cryptocurrency and she’s encouraging others to imitate the action.
Meanwhile, the latest donation isn’t the first of its kind for Ripple, the Cryptocurrency, in March towards the enhancement of educational sector in the US. The 29 million was disbursed in XRP to an NGO in USA that aims towards improving education sector in the country.
Ripple’s participation at the show may soon have another interpretation in the cryptocurrency space i.e. that the altcoin is eyeing media industry, coupled with the fact that it recently staged a show where the great musician Snoog Dog entertained people.
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The token sale for GEN, the native utility token of the ecosystem, successfully concluded on May 8 with a rapid sell-out of its main sale. With funding in place and momentum in its court, DAOstack is poised to take the next steps toward its mission to catalyze the future of collaboration.
The GEN token sale took place in three phases: a main sale which sold out in 65 seconds, a presale which oversubscribed by 75%, and a private sale which took place over the course of about 6 months. In total, DAOstack received around 45,000 ETH across the three phases, $30M in USD equivalent based on the ETH-USD exchange rate just prior to the token sale.
Most of the funds received are reserved for management by the Genesis DAO, a community-managed fund in which anyone will be able to participate by making proposals for the allocation of resources.
Over 2000 purchasers participated from at least 120 countries. As of today, there are over 6000 wallet addresses holding GEN.
Next Up: Platform Launch
The first pilots of the DAOstack platform are coming to life around the corner.
The Genesis DAO, the first organization deployed with the DAO stack, will launch an alpha version this June called ‘Genesis Alpha’.
Genesis Alpha will be piloting Alchemy, the first application built on the DAO stack. Alchemy is a decentralized budgeting tool that enables DAO participants to easily create and vote on proposals for funding. You can see a demo of Alchemy.
DAOstack’s back end, a smart-contract protocol layer called Arc, is already live on the Kovan testnet and will be deployed on the Ethereum mainnet along with the Genesis and Alchemy pilots.
The Road Ahead
Later in 2018, public betas of Genesis and Alchemy will be among DAOstack’s top priorities.
DAOstack will also be supporting a number of partner projects to integrate with DAOstack, with a target of at least 6 pilots by the end of the year. Organizations that have already announced plans to utilize or build on the platform include Gnosis, Sapien, Menlo, Endor, Culture, Datafund, Talao DAO, and Stanford’s Blockchain Collective.
2019 will see the next major updates to Arc, as well as releases of Alchemy that will feature greater DAO configurability and integration with third-party tools.
About DAOstack
DAOstack is designed to catalyze the future of collaboration. It’s a platform for decentralized governance that enables collectives to self-organize around shared goals and values, easily and effectively. DAOstack is sometimes called an operating system for collective intelligence, or a WordPress for DAOs.
The platform launches this spring and includes a modular smart contract framework, a friendly JavaScript developer environment, and an intuitive user interface that allows anyone to participate in a decentralized organization without technical knowledge.
Use cases include decentralized companies, applications, funds, and markets that want to make fast and innovative decisions at scale.
Ultimately, the vision of includes an entire ecosystem of interoperable DAOs, able to share talent, ideas, and learnings in an ‘internet of collaboration’ or ‘DAO mesh’. DAOstack imagines millions of people participating in this kind of collaborative economy — one in which no one wields a disproportionate amount of power, all are rewarded in proportion to the value they contribute, and everyone is incentivized to act in alignment with the common good.
To learn more about DAOstack, check out their , , , or . You can also follow them on , , and .
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History was made on May 23rd when Publica announced the first author to run a Book ICO.
