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Edgeware Mod 5C2C49BE-0B07-4C3F-8D36-B1FB2C7ACC0C Created with sketchtool. 186 Stranger 3 Oct 4 2023 8:58

What are the benefits of implementing an On-chain Treasury?

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I am currently working on a blockchain project and considering implementing an On-chain Treasury. However, I am not sure about the benefits of doing so. Can anyone explain the advantages of having an On-chain Treasury? How does it differ from a traditional Treasury system? Are there any potential drawbacks or challenges that I should be aware of? Thank you in advance for your insights.

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undefined 5C2C49BE-0B07-4C3F-8D36-B1FB2C7ACC0C Created with sketchtool. 0 Stranger 0 Oct 4 2023 8:59

Edgeware has established an on-chain fund that is not directly accessible to anyone. The purpose of this fund is to support innovative projects and ideas that utilize the Edgeware network as a deployment platform. The on-chain treasury provides funding to these projects, as well as on-chain contractors and other innovative concepts. Approval for funding is obtained through the EDG holders, either directly or indirectly through the on-chain council. Essentially, Edgeware is taking an incubator stance to support the growth and development of the network.