1 / 4

What is a DAO - How does a DAO work

A DAO stands for Decentralized Autonomous Organization, and it is an investor-directed venture capital fund organization based on blockchain technology.<br>https://www.cmnnews.live/what-is-a-dao-how-does-a-dao-work/

cmnnews
Download Presentation

What is a DAO - How does a DAO work

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What is a DAO? How does a DAO work? A DAO stands for Decentralized Autonomous Organization, and it is an investor-directed venture capital fund organization based on blockchain technology.

  2. How does a DAO work: • The first step is to create a smart contract that can only be changed by a coded governance system once it’s launched. • Secondly, sources of funding must be determined and governance must be activated. Typically, funding is obtained through token sales that include voting rights. • Step three: deploy smart contracts on the blockchain, from which point onwards stallholders will decide future organization. The developer(s) have no more influence than any other stakeholder.

  3. Thank You...

More Related