Swarms DAO Proposes 10x Token Holding Increase to Combat Price Manipulation

Swarms, a decentralized autonomous organization (DAO), has recently announced a proposal to increase the team's token holding from 2% to 10%. This move comes in response to concerns about price manipulation by malicious actors, including exchanges, who have taken advantage of the team's low token holding.

The team acknowledged that their initial 2% holding was a mistake, as it allowed others to manipulate the token's price. To address this issue, Swarms is establishing a DAO for token holders to join and invest in the token, thereby increasing the team's control and preventing future price manipulation.

The introduction of the DAO is a significant step towards enhancing the security and stability of the Swarms ecosystem. By increasing the team's token holding, the DAO will help to deter malicious activities and promote a more robust and resilient network.

This development highlights the importance of team control and governance in the world of decentralized finance (DeFi). As the DeFi landscape continues to evolve, projects like Swarms are taking proactive measures to ensure the integrity and longevity of their platforms.