Dear Community,
Over the past week, we've immersed ourselves in extensive research, coding, and writing. Through this process, we've realized that the scope of this project exceeds what we can manage on our own. Committing all our resources to this project would mean diverting our focus entirely from Vagabond, which is not feasible.
Therefore, we've decided to spin off this project into its own entity, complete with a new name and management team.
VagaSync will be rebranded as SYNNQ, and it will operate as a newly founded startup with the goal of becoming a fully Decentralized Autonomous Organization (DAO). We are currently in discussions with leading figures in the blockchain industry, as well as significant names from other sectors, to join us on this journey. SYNNQ will navigate the typical startup path, including building its identity, securing funding, development, team building, and more.
What role will Vagabond play in this? Initially, the project will be managed by some members of the Vagabond team. Over time, the management will transition to a DAO, which we will create and a stakeholders will define.
Why SYNNQ? As mentioned, the project's scale is too vast for us to handle alone. Additionally, there are conflicts of interest, and Vagabond lacks the necessary resources (both manpower and budget).
What's next? We'll be launching the landing page next week, where we will detail every aspect of this project to the world and beyond.
Thank you for your continued understanding !
Best regards,
The Vagabond Team