What is DAO?

A DAO is a participant-controlled organization, decentralized and without a top-down hierarchy

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It operates based on pre-written smart contracts

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DAOs are adaptable to a community's goals

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Code is written as smart contracts, and members use governance tokens to vote on decisions like fund allocation

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In many DAOs, voting impact can be influenced by members' contribution to the project

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Degree of participation and voting preference determine outcomes

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Advantages of DAOs: Transparency, Cost-effective and Collaborative

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