Re-allocating funds for Stage 1

Summary

A snapshot was recently passed to reallocate the resources from Stage 1 of the t0wn project toward building two apps that will more immediately and concretely benefit the t0wn project and CityDAO as a whole. The overall plan for t0wn has not changed.

More info

The t0wn team has been experiencing pushback when speaking to DAOs about getting them onboard for t0wn. The t0wn team is planning to build two apps to help smooth this process:

1. A dominant assurance smart contract
2. A identity verification app that KYCs individuals to global banking standards and ties the verified individual to one and only one ETH address with a soulbound token

For full info and discussion on this, please see the forum thread here.