Shaping Successful Decentralized Autonomous Organizations (DAO)
Digital currencies are decentralized and cannot be controlled by a single entity; inspired by this emerged the concept of DAO, Decentralized Autonomous Organization, an organization governed by a set of rules written in smart contracts. This organization is controlled by its participating members. All of the financial records, decisions, and any decision-making factors are transparent in a DAO because all of its actions are recorded on the blockchain. DAOs are typically formed to bring like-minded people together. There is no CEO or manager, and all the decisions are governed by the group’s approval. DAOs have a treasury that is inaccessible to anyone without the permission of the group. This guide is your entry point to a successful DAO Strategy.