ZUG, SWITZERLAND - (REPORTABLE NEWSWIRE) – July 20, 2022 // The Summon Platform, a crucial new contribution to blockchain technology and the efficient governance of blockchain-based projects and communities known as ‘DAOs’ was announced today by Summon Association.
“The Summon Platform is a comprehensive solution for DAO creation and management. Summon empowers high-functioning DAOs to flourish with never-before seen ease of establishment and management” said Adam Rusch, president of the not-for-profit Summon Association.
While The Summon Platform will launch on the Cardano blockchain, the platform is being engineered to operate as a first-class service on multiple blockchains. “DAO means ‘decentralized autonomous organization’,” said Thomas DiMatteo, co-founder and operational lead of The Summon Platform technology developer Summon Labs, “and Summon enables truly decentralized, truly autonomous and powerfully simple organizations for tech, business, finance and not-for-profit communities.”
“The Summon Platform fills a gaping void,” said Matthew Bowen, co-founder and general counsel of Summon Labs, “In practice, DAOs are currently accessible only by technology teams, such as software development and DeFi projects. DAOs are difficult for the general business and finance community to establish, to say nothing of community-based organizations. With The Summon Platform, organizations of all kinds finally have a rich and flexible toolkit to explore and implement their own full or limited DAO structures, leveraging the integrity of the blockchain.”
Riley Kilgore, Summon Labs’ co-founder and technology lead said, “Upon its release, The Summon Platform will allow individuals of any technical level to summon their own transparent, on-chain DAOs, and invite others to join by exclusive invitation or permissionless enrollment. By utilizing Cardano’s Plutus-Core, and a strong understanding of off-chain programming code, The Summon Platform allows for decentralized coordination and governance. Additionally, the Summon team brings to the table several valuable enhancements to typical DAO setups, empowering users without experience writing smart contracts to create DAOs of any shape or size.”
To utilize advanced voting and other features of their Summon-built DAOs, DAO members will use SUMMON governance tokens. Adam Rusch said, “Summon Association will be offering these tokens on the Cardano blockchain before and during The Summon Platform launch so that interested parties can be ready to participate. SUMMON tokens will not only provide a DAO governance mechanism but will also provide innovative utility purposes for DAOs.”
The Summon Platform will launch in Q4, 2022, and initial availability of SUMMON governance tokens is anticipated in mid-August 2022.
For more information
For more information about The Summon Platform: Please visit https://summonplatform.io and The Summon Platform social media accounts on Twitter, Medium, LinkedIn, Instagram and Facebook (all social media links for The Summon Platform, Summon Association, and Summon Labs are on the website home page.)
Partnership enquiries: For information on how your team can partner with The Summon Platform, contact email@example.com
Media enquiries: Media should contact firstname.lastname@example.org for more information on The Summon Platform’s technology, business and technology teams’ work.