Introducing FUD FAQ | A Weekly Community Thread
Introducing FUD FAQ | A Weekly Community Thread
We are Introducing the Weekly FUD FAQ— establishing more of a central information hub for onboarding newbies into our ecosystem and addressing community questions and comments.
The FUD FAQ will be released at the end of each week and focus across;
• Top Questions of the Week
• Most Common Repeat Questions
• Top Controversies for the Industry
• Silly Fails and Trolling
If you have legit questions, random silly questions, or just feel like trolling join the DIGITALAX discord and direct your questions to the #FUD-FAQ channel.
Here is a taste of what FUD FAQ is all about. Get your comments, questions, and wild fabrications in before it’s too late!
Top Questions
• Is ESPA a deviation from DIGITALAX?
No, ESPA is not a deviation from DIGITALAX. In fact, it is a vital keystone to the entire ecosystem being built. Fashion is both very much at the core and also the consistent thread line tying everything together. In order to establish, grow and sustainably scale the digital fashion industry, where designers are able to actively engage, create economic value, jobs, income for themselves and their livelihoods, we must directly embed an incentivised bridge for driving the market demand into full spectrum utility.
As of today, application and utility for digital fashion is only properly functional and sustainable within digital environments across gaming, VR and 3D. ESPA creates this bridge— allowing Designers, Developers, Players to actively maintain a stake within the fabric of the DIGITALAX ecosystem and the interwoven digital environments. ESPA also provides the mass adoption infrastructure for these ecosystem participants to leverage off of the value contained within Web3, Crypto, NFTs, without requiring them to actually build on blockchain directly.
For more information, check out this article .
Common Repeat Questions
• Is $MONA listed on any centralised exchanges? Why or Why not?
No, $MONA is only listed on DEX’s. At the moment that is Uniswap and very soon to be Quickswap through the Matic integration.
Building in Web3 and on Ethereum was a conscious and intentional decision for the DIGITALAX project. Both the technical features and translated business value that blockchain and decentralised networks fundamentally establish are the future that DIGITALAX stands for. The team took a 0% allocation of $MONA during the launch and we release a full transparency report of the Treasury’s expenditure every month. We do this practice to adhere and align with our core values.
Not all, but most, centralised exchanges do not stand for the same degree of transparency, trust and decentralisation that we as a protocol require. We are not here to replace the old bankers and gatekeepers with new walled gardens. Web3 is about disruption at a core level, and we stand by this.
This is not to say that $MONA would never be listed on a CEX, however, we will make sure that the right partner stands for the same values as us.
Top Industry Controversies
• Are NFTs exploiting Artists and Gamers?
No. Next question.
Jks, I’ll give you more than that. But it is obvious to anyone that has been an Artist or Gamer for any stretch of time that something very different is happening now than ever before. You now have the ability to create and mint your own work without anyones permission or approval and make real money from it. This is freedom and power within your own life, actively defending you from exploitation and exploiters. It is no surprise that some of the loudest voices calling NFTs tools of exploitation are leading figures in the hyper exploitative legacy industries.
Silly Fails and Trolls
An oldie but goodie…. 😂
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