Highlights from the EYWA AMA Session Part 2

We continue to cover the main topics of the EYWA AMA Session! Today's post features EYWA CEO Boris Povar's answers to questions about EYWA DAO, NFT and who is responsible for the security of the project

EYWA DAO

In the future, the team will not have all the decision-making authority over the project. We are aiming for maximum decentralization. The first step that we plan to implement right from the start is the participation of key partner companies, which have a high profile in the crypto industry, in the decision-making process. We will build Multisig from them.

And the second stage, which we will implement later, will be an elected board of directors. It will be qualified people, because not everyone will be able to understand, for example, which smart contract to update and why. The board of directors will be elected by members of the community who have a vote. And, accordingly, the turnover of power, rotation, everything will happen like in the real world!

What is EYWA NFT

NFT is the key to your airdrop. NFT allows you to get EYWA tokens, which are futures at this stage because the token hasn't launched yet. When the token arrives, there will be a vesting of the EYWA token, which will entitle you to receive EYWA according to the vesting rules.

In the future, NFTs that contain EYWA vesting tokens will allow to participate in PoS, get votes in the DAO, and provide other benefits.

Project security

The main reason other cross-chain bridges are hacked by fraudsters is the consensus problem and mistakes in smart contracts.

The guarantee that the bridge will not be hacked is the decentralized consensus. If it's fine, it's not being hijacked, then no one can provide fake data to the bridge and take liquidity out of it.

We plan to have at least 2 audits from different auditing companies before we enter the market. Currently all of our code is audited by HEXENS. They are winners of many cybersecurity competitions, and recently the news came out that they are the top 2 in the world among such teams, and one of their clients is the DeFi market leader Polygon Technology. In the future, we plan to attract other partners. For example, we have a good relationship with Pessimistic Security - 1inch auditors.

In addition, we will implement so-called "emergency breaks". If we realize that something is going wrong, we will be able to stop the protocol, the data transfer between networks to localize the hotspot.

Also at the AMA Session, Boris answered a question that is of great concern to all investors and members of the EYWA community: When is the EYWA DEX launch planned?
You will find the answer to this question in the recording of the AMA Session!

Watch the AMA Session to find out the answers to the most relevant questions about the EYWA project!

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