DAO, is an organization that is governed by blockchain technology and is owned by its community members. It does not have a chief executive officer or a board of directors to govern it. The group makes use of smart contracts in order to establish basic rules, and it is structured in such a way that all members have an equal vote on any changes or alterations.
The idea of a DAO is to join individuals with similar interests into a group that doesn’t desire a leader. The community is in charge of operations, which are then governed by regulations based on the blockchain.
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