How Do DAOs Work? They're Powerful Enough to Run a Country! SBU DAO is LIVE
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How do DAOs Work?
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government, in other words they are member-owned communities without centralized leadership. A DAO's financial transaction record and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear
DAO governance is coordinated using tokens or NFTs that grant voting powers. Admission to a DAO is limited to people who have a confirmed ownership of these governance tokens in a cryptocurrency wallet, and membership may be exchanged. Governance is conducted through a series of proposals that members vote on through the blockchain, and the possession of more governance tokens often translates to greater voting power. Contributions from members towards the organizational goals of a DAO can sometimes be tracked and internally compensated. Inactive holders of governance tokens can be a major obstacle for DAO governance, which has led to implementations of allowing voting power to be delegated to other parties.
Ray Pepito Co-Founder of one of the Largest Decentralized Financial Communities in the World. A guide to those who understand the great opportunity that is right in front of us. Providing insider access to projects before they are news. Our attention is worth trillions!
Crypto gets it and will be worth Quadrillions, But the beautiful thing is that this is all decentralized!!! https://www.webtalk.co/ray.pepito/news
Tim (T) is a crypto fanatic diving headfirst into Crypto when Bees.Social launched and founded BeeSocialTV.com originally exploring the space for his college sons the addiction set in fast. Now NFTs are rapidly changing the game and it has become an all-consuming PASSION. connect https://www.webtalk.co/tim.judge/news
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How do DAOs Work?
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government, in other words they are member-owned communities without centralized leadership. A DAO's financial transaction record and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear
DAO governance is coordinated using tokens or NFTs that grant voting powers. Admission to a DAO is limited to people who have a confirmed ownership of these governance tokens in a cryptocurrency wallet, and membership may be exchanged. Governance is conducted through a series of proposals that members vote on through the blockchain, and the possession of more governance tokens often translates to greater voting power. Contributions from members towards the organizational goals of a DAO can sometimes be tracked and internally compensated. Inactive holders of governance tokens can be a major obstacle for DAO governance, which has led to implementations of allowing voting power to be delegated to other parties.
Ray Pepito Co-Founder of one of the Largest Decentralized Financial Communities in the World. A guide to those who understand the great opportunity that is right in front of us. Providing insider access to projects before they are news. Our attention is worth trillions!
Crypto gets it and will be worth Quadrillions, But the beautiful thing is that this is all decentralized!!! https://www.webtalk.co/ray.pepito/news
Tim (T) is a crypto fanatic diving headfirst into Crypto when Bees.Social launched and founded BeeSocialTV.com originally exploring the space for his college sons the addiction set in fast. Now NFTs are rapidly changing the game and it has become an all-consuming PASSION. connect https://www.webtalk.co/tim.judge/news
BEES.Social is the #1 Crypto Education System in the World For Everyday People!
SWAG:http://www.ShopBeesSocial.com
open a CoinBase account https://bit.ly/3yd95dQ
For more videos watch this playlist:
BeesSocialTV
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Learn more about DeFi Yield Farming Crypto http://yield-farming-crypto.farm
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https://medium.com/opes-dot-finance
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