π¦DAO
Dragon (DAOs) are organizations represented by rules encoded as a computer program that is transparent, controlled by organization members, and not influenced by a central government. The objectives of DAO include:
Decentralization:
Remove the need for a central authority or intermediary.
Distribute power and decision-making across a wide network of participants.
Transparency:
Ensure all operations, decisions, and transactions are transparent and accessible to all members.
Provide an immutable and public ledger of activities, typically through blockchain technology.
Automation:
Automate decision-making processes through smart contracts.
Minimize human intervention to reduce the risk of errors and biases.
Democratization:
Empower members by giving them voting rights on proposals and decisions.
Facilitate a fair and inclusive governance structure where all members can participate
Last updated