What Is DAO?
A DAO, or “Decentralized Autonomous Organization” is a community-led entity with no central authority. There is no other CEO or C-Level.
All decisions are made by the community for the community, ownership of the token affects decision-making power.
3 Minute Understanding
DAOs are fully autonomous and transparent: smart contracts become the fundamental rule, execute agreed decisions, and in any case proposals, votes, and even the code itself can be publicly audited.
Ultimately, the DAO is governed entirely by its individual members who collectively make important decisions about the future of the project, such as technical upgrades and funding allocation.
The objectives of the DAO are:
Provide avenues for community collaboration under equal voting rights.
Eliminate human error or manipulation of investor funds by putting decision-making power into the hands of automated systems and crowdsourced processes.
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