🏦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:

  1. Decentralization:

    • Remove the need for a central authority or intermediary.

    • Distribute power and decision-making across a wide network of participants.

  2. 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.

  3. Automation:

    • Automate decision-making processes through smart contracts.

    • Minimize human intervention to reduce the risk of errors and biases.

  4. 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