Cryptocurrency Q&A
What is a DAO in crypto slang?
What is a DAO in crypto slang?
Davide
Mon Oct 28 2024
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6 answers
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A DAO in crypto slang refers to a Decentralized Autonomous Organization, which is a group of auto-triggered organizational rules without intermediaries. It operates on blockchain, enabling transparent and democratic decision-making through smart contracts. DAOs are often used in crypto projects for fair governance, allowing participants to vote on proposals and manage funds collectively.
6 answers
Tommaso
Wed Oct 30 2024
The community is actively involved in decision-making and the operational aspects of the organization.
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GyeongjuGloryDaysFestivalJoy
Wed Oct 30 2024
The DAO, or decentralized autonomous organization, utilizes a unique governance mechanism.
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Michele
Wed Oct 30 2024
A decentralized, autonomous organization represents a novel concept in institutional structure.
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Martina
Wed Oct 30 2024
This mechanism involves the use of tokens, which serve as a means to manage and direct the DAO.
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Chloe_martinez_explorer
Wed Oct 30 2024
This type of organization operates independently, without reliance on third-party supervision.
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