How does a Decentralized Autonomous Organization DAO work?

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Former Member1/27/235:12 AM0 replies

How does a Decentralized Autonomous Organization DAO work?

Former Member1/27/235:12 AM0 replies

Former Member

DAOs are designed to resemble a corporate structure with guidelines and limitations. It is developed with open-source code and carried out utilizing smart contracts.

This Community can accept a DAO and program it in accordance with its own objectives:

-> Smart contracts were used to encrypt this code.

-> This offers a governance mechanism of some kind.

-> Voting for decisions made by the Decentralized Autonomous Organization DAO, such as the distribution of cash, typically takes place using Governance tokens by members.

-> The outcome of a member's vote can change in various DAOs depending on how much they have contributed to the project.

-> The results will be announced in accordance with the level of participation and voting preferences.

For more information on DAO and our highly successful Decentralized Autonomous Organization, get in touch with our business specialists.

Email: sales@cryptocurrencyscript.com

Whatsapp/Telegram: +91 9360780106

Tags: DAO, Decentralized Autonomous Organization, governance

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