How Does a DAO Work?
Smart contracts define the DAO rules out of a core team of community members.
As such, the DAO will eventually be operated from based on this foundation of smart contracts – which are visible, verifiable and auditable to everybody.
In the DAO, tokens are issued to determine the best ways with which you can receive funding and governance.
This is a protocol for the DAO to sell the tokens to raise money and fill the treasury.
We reward our token holders with voting rights in return for their fiat, in proportion to their holdings.
When the funding completes, the DAO is ready to be deployed. The code is pushed to production can not be modified unless all members agree through voting.
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Decentralized Autonomous Organizations (DAOs) enable businesses to operate with decentralized governance, fostering trust and collaboration.