About AirDAO (AMB)
AirDao is the decentralized autonomous organization in charge of the layer-1 blockchain network, AMB-Net. The network is powered by the $AMB coin, which has a wide range of use cases.
The network employs a Proof-of-Authority (PoA) consensus mechanism. Transactions and blocks in PoA-based networks are validated by approved accounts known as validators.
Individuals earn the right to become validators through PoA, so there is an incentive to keep the position that they have earned. By associating a reputation with an identity, validators are incentivized to uphold the transaction process because they do not want their identities to be associated with a negative reputation.
According to their docs, AMB-Net applications include solutions such as DeFi, NFTs, supply chain solutions, manufacturing, telecommunications, Internet of Things (IoT), and more. There are several operational DApps on the network that have various use cases due to their supposed applications. For DeFi, the network provides users with lending, staking, bridging, DEXs and stablecoins.
Governance of AMB-Net is done through the AirDAO, the decentralized autonomous organization in charge of the development of the network. Users holding AMB can partake in the governance of the network.
AirDAO is represented with the ticker $AMB. The current price of AMB is available and updated in real-time on Binance.