Sept 1, 2024 : Miami, USA Cryptyk Inc today announced its plans to transition the Cryptyk technology and its CTK token economy into a community driven and managed project, whereby participating CTK token holders can earn CTK bounty payments and voting rights in return for work contributed towards the project. Long term the company plans to have all management and operational functions to be run by a community based Decentralized Autonomous Organization (DAO) that operates via a new non-US based entiity.
The Cryptyk team has agreed to donate up to 100M CTK from their 250M Cryptyk Inc allotment to a range of bounty rewards for community members who actively help or contribute at least 4-5 hours per week to various marketing, operations and product development tasks. Depending on the nature and level of contributions, all bounty participants will earn between 5M CTK and 15M CTK over the initial 3 month period with the goal of releasing our first Web3 app product Cryptyk Docs by the end of 2024. All participants who receive a bounty payment will also receive voting rights in a new DAO entity to be created in early 2025 after the successful Web3 product launch. The only people who will be invited to become voting DAO members with Cryptyk CEO Adam Weigold and Cryptyk CTO Naveen Sydney will be contributing bounty participants and Cryptyk Club Plutonium members.
To date we have 7 passionate community members who have registered their desire to be involved in this community based transition, and also become part of the the subsequent DAO entity to manage the Cryptyk project after the app launch. These loyal members will contribute to the tasks of UI / UX software design, website design and updates, CTK marketing and promotions, CTK investor relations, CTK market making and project management. We welcome any other interested community members who want to get involved by emailing their technical / business skills and potential contributions to Cryptyk CEO Adam Weigold at adam@cryptyk.com. Applications to register interest will close on Sept 9, 2024 when all bounty participants will be contacted to attend the first online community meeting.
Cryptyk CEO Adam Weigold commented that "to complete the last half of the OTC token sale that is funding the development of our first Web3 app, we are now leveraging the assistance of our most passionate supporters and community members. The essence of most successful blockchain projects is strong community involvement and support. Hence we are transitioning the business towards a more democratic and community based structure that should help grow both community numbers and their level of involvement. I want to personally thank all participants in advance for their efforts to help us reach our product launch goals by the end of the year."
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