DAO
Decentralized Autonomous Organization
What is DAO?
An organization run by smart contracts and token-holder votes instead of executives. Members propose, vote, and manage treasuries collectively. From a business perspective, DAOs are the ultimate community retention tool, skin in the game keeps people engaged.
How it works
Key takeaways
-
Decisions made by token-weighted voting
-
Treasury managed on-chain, fully transparent
-
No CEO, governance is distributed
Real-world example
A community treasury holds $2M. Members propose funding a hackathon. Token holders vote yes/no. If it passes, funds move automatically.