Takadao, An Insurance-Centered DAO, Joins Chainlink Build

Twitter icon  •  Published 8 महीने पहले on August 5, 2024  •  Hassan Maishera

Chainlink announced via X on Friday that Takadao is officially joining the Chainlink Build program.

Takadao, An Insurance-Centered DAO, Joins Chainlink Build

Chainlink announced via X on Friday that Takadao is officially joining the Chainlink Build program. Takadao develops technology that empowers communities to pool funds and mutually insure one another through Shariah-compliant DAOs, eliminating the need for a traditional insurance company.

As a part of Build, Takadao aims to accelerate ecosystem growth and long-term adoption of community-owned insurance alternatives by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support and incentivizing greater cryptoeconomic security. In return, Takadao will make 4% of its total native token supply available to Chainlink service providers, including stakers.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 6% over the past 24 hours and is trading at $10.89 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.