Tally powers institutional grade tokens. Launch, manage, and grow the value of your token with Tally’s software stack ⬎
tally.xyzPowering the Future of DAOs with AI
The synergy of decentralized autonomous organizations and artificial intelligence as a catalyst for the technological revolutionby KAFOver the past few years, there has been an escalating interest in Decentralized Autonomous Organizations (DAOs) and artificial intelligence (AI), technologies that have the capacity to revolutionize every aspect of our lives. The intersection of DAOs and AI is an exciting area of exploration that offers many possibilities for enhancing organizational efficiency...
tally.xyzHyperlane x Tally: Setting the Standard for Cross-Chain Token Launches
Hyperlane partnered with Tally to launch the HYPER token with native claim support across five blockchains. The launch saw over 235,000 addresses claim nearly 70 million HYPER using Tally’s institutional-grade software stack. Tally worked closely with Hyperlane to create a smooth, multi-chain token launch with custom claim infrastructure, wallet eligibility flows, cross-chain compatibility, backend tooling, and data indexing. This included building a pre-launch registration flow that allowed ...
tally.xyzIntroducing the Tally Protocol
The WhyThe incentives for participating in DAOs are broken. Token holders are asked to actively manage and govern multi-billion dollar protocols at their own expense. Large delegates fund their critical research and operations via inconsistent grants or retroactive funding. Token holders hold illiquid unproductive assets with little or no incentive to participate. The critical challenges facing DAOs today are directly tied to the inherent dichotomy of governance tokens: they are both assets a...
tally.xyzPowering the Future of DAOs with AI
The synergy of decentralized autonomous organizations and artificial intelligence as a catalyst for the technological revolutionby KAFOver the past few years, there has been an escalating interest in Decentralized Autonomous Organizations (DAOs) and artificial intelligence (AI), technologies that have the capacity to revolutionize every aspect of our lives. The intersection of DAOs and AI is an exciting area of exploration that offers many possibilities for enhancing organizational efficiency...
tally.xyzHyperlane x Tally: Setting the Standard for Cross-Chain Token Launches
Hyperlane partnered with Tally to launch the HYPER token with native claim support across five blockchains. The launch saw over 235,000 addresses claim nearly 70 million HYPER using Tally’s institutional-grade software stack. Tally worked closely with Hyperlane to create a smooth, multi-chain token launch with custom claim infrastructure, wallet eligibility flows, cross-chain compatibility, backend tooling, and data indexing. This included building a pre-launch registration flow that allowed ...
tally.xyzIntroducing the Tally Protocol
The WhyThe incentives for participating in DAOs are broken. Token holders are asked to actively manage and govern multi-billion dollar protocols at their own expense. Large delegates fund their critical research and operations via inconsistent grants or retroactive funding. Token holders hold illiquid unproductive assets with little or no incentive to participate. The critical challenges facing DAOs today are directly tied to the inherent dichotomy of governance tokens: they are both assets a...
Tally powers institutional grade tokens. Launch, manage, and grow the value of your token with Tally’s software stack ⬎
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This is a republished PR wire from August 29, 2024 at 12PM EST.
NEW YORK, August 29, 2024 — Tally, the leading decentralized governance platform, and Toku, the crypto-native employment and token compensation solution provider, today announced a strategic partnership. This collaboration directly addresses a fundamental challenge in the crypto ecosystem: enabling compliant governance participation for stakeholders with vesting tokens or those subject to transfer restrictions.
For the majority of decentralized or decentralizing organizations, a significant portion of tokens – often held by early employees, founders, and investors – are subject to vesting and lockup periods. This situation has led many organizations to delay the rollout of governance altogether, recognizing that a substantial group of key stakeholders would be excluded from participation. This limitation has created a governance gap, potentially hindering the true decentralization these organizations strive for and delaying critical decision-making processes.
The Tally-Toku partnership bridges this gap by allowing crypto companies to:
Implement governance systems that include tokens subject to transfer restrictions without compromising regulatory compliance
Enable comprehensive stakeholder participation in crucial organizational decisions, ensuring a more representative governance model from the outset
Seamlessly integrate employment, compensation, and governance rights management
"We're not just improving a process; we're transforming how decentralized organizations function at their core," said Rafael Solari, Tally’s CTO & co-founder. "This partnership ensures that every stakeholder's voice can be heard, regardless of their token's status. By expanding the voting pool, we're fostering more inclusive and democratic decision-making in crypto organizations."
Ken O'Friel, Toku's co-founder, added, "By integrating Tally's robust governance infrastructure with our comprehensive token compensation and token management expertise, we're setting a new standard for effective, compliant, and transparent organizational governance. Our solution not only simplifies token-based compensation but also ensures that these tokens can be meaningfully used in governance, all while maintaining strict regulatory compliance."
About Tally
Tally is a decentralized governance platform dedicated to empowering communities with transparent and efficient decision-making tools. By providing seamless onchain proposal creation, voting, and execution functionalities, Tally enables DAOs and decentralized communities to operate effectively and democratically. For more information, visit www.tally.xyz.
About Toku
Toku is an all-in-one platform for employment, compensation, and token management, purpose-built for the crypto industry. With Toku, you can easily hire and pay talent globally in fiat, stablecoins, or native tokens — while ensuring full compliance with local tax and labor laws. Toku's system-of-record also simplifies token cap table management, making it easy to handle team, investor, and community allocations, as well as token distributions — all through a single, integrated platform. Learn more at www.toku.com
Media Contacts:
Tommy Lower - Head of Marketing - tommy@tally.xyz
Ken O’Friel - CEO - ken@toku.com
This is a republished PR wire from August 29, 2024 at 12PM EST.
NEW YORK, August 29, 2024 — Tally, the leading decentralized governance platform, and Toku, the crypto-native employment and token compensation solution provider, today announced a strategic partnership. This collaboration directly addresses a fundamental challenge in the crypto ecosystem: enabling compliant governance participation for stakeholders with vesting tokens or those subject to transfer restrictions.
For the majority of decentralized or decentralizing organizations, a significant portion of tokens – often held by early employees, founders, and investors – are subject to vesting and lockup periods. This situation has led many organizations to delay the rollout of governance altogether, recognizing that a substantial group of key stakeholders would be excluded from participation. This limitation has created a governance gap, potentially hindering the true decentralization these organizations strive for and delaying critical decision-making processes.
The Tally-Toku partnership bridges this gap by allowing crypto companies to:
Implement governance systems that include tokens subject to transfer restrictions without compromising regulatory compliance
Enable comprehensive stakeholder participation in crucial organizational decisions, ensuring a more representative governance model from the outset
Seamlessly integrate employment, compensation, and governance rights management
"We're not just improving a process; we're transforming how decentralized organizations function at their core," said Rafael Solari, Tally’s CTO & co-founder. "This partnership ensures that every stakeholder's voice can be heard, regardless of their token's status. By expanding the voting pool, we're fostering more inclusive and democratic decision-making in crypto organizations."
Ken O'Friel, Toku's co-founder, added, "By integrating Tally's robust governance infrastructure with our comprehensive token compensation and token management expertise, we're setting a new standard for effective, compliant, and transparent organizational governance. Our solution not only simplifies token-based compensation but also ensures that these tokens can be meaningfully used in governance, all while maintaining strict regulatory compliance."
About Tally
Tally is a decentralized governance platform dedicated to empowering communities with transparent and efficient decision-making tools. By providing seamless onchain proposal creation, voting, and execution functionalities, Tally enables DAOs and decentralized communities to operate effectively and democratically. For more information, visit www.tally.xyz.
About Toku
Toku is an all-in-one platform for employment, compensation, and token management, purpose-built for the crypto industry. With Toku, you can easily hire and pay talent globally in fiat, stablecoins, or native tokens — while ensuring full compliance with local tax and labor laws. Toku's system-of-record also simplifies token cap table management, making it easy to handle team, investor, and community allocations, as well as token distributions — all through a single, integrated platform. Learn more at www.toku.com
Media Contacts:
Tommy Lower - Head of Marketing - tommy@tally.xyz
Ken O’Friel - CEO - ken@toku.com
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