Illuvium Crypto Community Voted Against Controversial Identity Su Zhu

02/28/2023 09:07 • Blockchain Buzz • 133 views

According to the news on February 28, Illuvium DAO voted against the plan of Illuvium to hold a market-oriented Illuvia NFT package opening, because the plan involves the controversial encrypted identity Su Zhu.

Illuvium DAO voted against the NFT package opening jointly held by Illuvium and Su Zhu

Interpret the above information:

The Illuvium DAO, a decentralized autonomous organization that operates the Illuvium (ILV) ecosystem, has voted against the planned market-oriented Illuvia NFT package opening. The proposal was rejected due to the involvement of controversial identity Su Zhu.

Su Zhu, the founder of Three Arrows Capital, is a highly controversial figure in the crypto community. He has been associated with several controversial schemes, including pump and dump schemes and insider trading. This has led to a lot of scrutiny and criticism from the crypto community.

The Illuvia NFT package opening was supposed to be a market-oriented event where users could buy and sell unique NFTs on the Illuvium platform. However, the involvement of Su Zhu in the plan has cast a shadow over the entire event.

The Illuvium DAO decided to vote against the proposal as it did not want to be associated with any controversial figures. The community felt that the involvement of Su Zhu in the plan could send the wrong message to the crypto community.

The decision of the Illuvium DAO to reject the market-oriented NFT package opening shows the growing importance of community consensus in the crypto space. Decentralized autonomous organizations give users a voice in important decisions, and this can be seen in the Illuvium DAO’s decision to reject the proposal.

The controversy surrounding Su Zhu is just one example of the many challenges that the crypto community faces. As the industry grows and matures, it will face more complex issues that require the input of the entire community.

In conclusion, the Illuvium DAO’s rejection of the planned market-oriented Illuvia NFT package opening is a clear indication of the importance of community consensus in the crypto space. The involvement of a controversial figure like Su Zhu has led to a lot of scrutiny and criticism, showing that the crypto community is vigilant and takes its reputation seriously.

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