A decentralized autonomous organization is an organizational structure where control is spread out rather than hierarchical.
DAOs use smart contracts on a blockchain, with participants using governance tokens to vote on proposed actions.
It’s not difficult to spin up a new DAO; the hard part is getting people to join, and retaining them.
What is a DAO?
Setting up a DAO
Name the DAO
Create a mission statement
Spin up a Discord server
Set up a Twitter account
Invite people to join
Launch a governance token
Create a funding mechanism
Set up Snapshot or other tools for voting and logging member contributions
What tools are available for launching a DAO?
Treasury management tools
The future of DAOs: What’s Next?
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