How to start a DAO: Everything You Need to Know

submitted 2 days ago by flynnrider to cryptocurrency

What Is a DAO?

A DAO is an organization that operates on blockchain technology and is governed by smart contracts. Unlike traditional organizations, DAOs are decentralized, meaning members make decisions collectively rather than a central authority. Members participate by holding tokens, voting on proposals, and contributing to the organization's growth.

Why Start a DAO?

Decentralized Decision-Making: Enable democratic participation and transparency. Global Reach: Build a community without geographical limitations. Efficient Governance: Use smart contracts to automate processes. Innovation: Pioneer new business models, crowdfunding, or social initiatives.

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