(DAO)
Create image :- google
How do DAOs work?
Definition, Purpose, and Example
Create image :- google
DAO stands for decentralized autonomous organization, which is a fancy term for a group of people who agree to abide by certain rules for a common purpose
Learn More
What Is a DAO?
Create image :- google
rules are written into its code in the form of smart contracts programmed to run when certain actions take place
Learn More
Create image :- google
Learn More
DAO code the smart contractthat will dictate the rules of the group and decide on the group’s purpose
Creating the smart contract:
1
Create image :- google
Learn More
The DAO’s code is deployed onto the blockchain. From here on out, it can only be changed via collective voting by the stakeholders
Launch:
2
Create image :- google
Learn More
DAOs run on their shared cache of currency, which has to be raised from its members
Raising funds:
3
Create image :- google
3
1
2
Token-based membership
Automatic transaction governance
Multisig governance
Create image :- google
Decentralization
Participation
Publicity
Community
Create image :- google