Due to the rapid development of the DAO ecosystem, it has exploded in growth this year. For some people, DAO is a "NEW" blockchain concept. However, it has existed and developed for a long time.
Due to the rapid development of the DAO ecosystem, it has exploded in growth this year. For some people, DAO is a "NEW" blockchain concept. However, it has existed and developed for a long time.
This number is enough to prove that DAO is a very important thing. Looking at this amazing growth, DAOs are not only a threat to traditional corporate systems, they are becoming the new "limited liability companies".
DAO is a complex subject with many parts that can be flexibly adjusted. However,
at
the end of the day, they are just businesses run by teams of diverse individuals rather than a single
leader.
The rules and functions of the management team may change over time, but the spirit in which the
organization
operates will always be the same
The DAO offers its members a unique opportunity simply not available
anywhere else in the market:
complete freedom.
Characteristics of DAO
The owners of DAO are not a small group of founders and investors, but the people who create value for it. Ownership, power, and control are spread throughout the community, and everyone has their influence regardless of their "experience". It subverts the idea that one person or entity "owns" an organization. The reason why this concept of "decentralization of power" is effective is that everyone is a stakeholder and no one is the sole owner or decision maker. Everyone who is committed to developing and achieving the common mission of DAO is equal.
Due to anyone can see all the operations and financial situation of DAO on the blockchain, DAO is more transparent than traditional companies. This transparency greatly reduces the risk of corruption within the company. This structure deprives the company of its information manipulation, and open source means that many people can lend a helping hand on a project without external resource permission. This transparent operating framework is the most important part of DAO and an important reason why DAO becomes the center of Web3.
Because DAO is decentralized and does not belong to individuals or entities, it cannot
be managed in a traditional way. The governance and rules of each DAO are encoded in smart contracts and cannot be changed unless DAO members vote.
By giving all members equal decision-making power, DAO allow the ecosystem to maintain its fairness. Every decision in DAO is publicly proposed, discussed, voted on and recorded, which further increases its
transparency.
When people with common goals and passions work together, they ensure the best and most effective results. Hierarchical structures can become obstacles. When you have too many levels to manage, speed, efficiency and participation are all affected. Most importantly, it isolates everyone except management. Because DAO exists as a social contract, all decisions and changes to the network are automatically executed, which is impossible in a limited liability company because of the hierarchical relationship.
The DAO does not require or force you to reveal your identity. The DAO allows investors to send money from anywhere in the world. Since members remain anonymous on the network, they can be more flexible and experimental in their funding decisions and investments.
The owners of DAO are not a small group of founders and investors, but the people who create value for it. Ownership, power, and control are spread throughout the community, and everyone has their influence regardless of their "experience". It subverts the idea that one person or entity "owns" an organization. The reason why this concept of "decentralization of power" is effective is that everyone is a stakeholder and no one is the sole owner or decision maker. Everyone who is committed to developing and achieving the common mission of DAO is equal.
Due to anyone can see all the operations and financial situation of DAO on the blockchain, DAO is more transparent than traditional companies. This transparency greatly reduces the risk of corruption within the company. This structure deprives the company of its information manipulation, and open source means that many people can lend a helping hand on a project without external resource permission. This transparent operating framework is the most important part of DAO and an important reason why DAO becomes the center of Web3.
Because DAO is decentralized and does not belong to individuals or entities, it cannot be managed in a traditional way. The governance and rules of each DAO are encoded in smart contracts and cannot be changed unless DAO members vote.
By giving all members equal decision-making power, DAO allow the ecosystem to maintain its fairness. Every decision in DAO is publicly proposed, discussed, voted on and recorded, which further increases its transparency.
When people with common goals and passions work together, they ensure the best and most effective results. Hierarchical structures can become obstacles. When you have too many levels to manage, speed, efficiency and participation are all affected. Most importantly, it isolates everyone except management. Because DAO exists as a social contract, all decisions and changes to the network are automatically executed, which is impossible in a limited liability company because of the hierarchical relationship.
The DAO does not require or force you to reveal your identity. The DAO allows investors to send money from anywhere in the world. Since members remain anonymous on the network, they can be more flexible and experimental in their funding decisions and investments.
Join our membership for only $100 per year
- subject to the announcement of the DAO -
Members have the opportunity to receive benefits or airdrops from the Publisher from time to time.
The first batch of Agents with V6 Rank above, have the right to link and publish advertisements, as well as the right to financial settlement and docking
Strict Membership Scheme
First Year Membership
Third Year Membership
D-3N-E
Theoretical Basis and Model
D ao
N ature
N -Latitude
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