DAO
A decentralized autonomous organization: a group coordinating decisions and resources through defined rules, often using blockchain contracts.
In more detail
A DAO gives a community a way to organize proposals, votes and shared resources. The name does not tell you how widely control is distributed. Token concentration, delegation, administrators and legal arrangements can all affect who actually makes decisions and who can carry them out.
How you might use it
Community chat: "The treasury proposal is up. We're voting on funding the next development milestone."
- Written out
- Decentralized autonomous organization
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