DAO
Last updated
Last updated
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What Is the Purpose of a DAO?
It's NOT magic. It's simple math and science-based tech implementations.
DAO (Decentralized Autonomous Organization (DAO)is intended to improve the traditional management structure of many companies.
Instead of relying on a single individual or small collection of individuals to guide the direction of the entity, a DAO intends to give every member a voice, vote, and opportunity to propose initiatives.
A DAO also strives to have strict governance that is dictated by code on a blockchain.
Are we a DAO?
We are NOT a DAO in the strictest interpretation of the technical definition.
With our community governance features, we do have some similar connections.
Lots of it is actually in the code in our Smart Contracts, e.g. for Token, NFTs.
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