What Is DAO?

Decentralized Autonomous Organization or DAO is an entity run by software in the crypto ecosystem.

A DAO is an organization that operates in a decentralized manner, without a leader or central authority making decisions. Instead, decisions in the DAO are made by token holders who have voting rights based on the number of tokens they own.

The DAO uses smart contracts to regulate its rules and operations, which means that all actions and decisions are carried out automatically according to a predetermined code. This entity can be used for various purposes, including fund management, crypto project development, and community decision making.

DAOs have the potential to open the door to more inclusive participation and decision-making in the crypto ecosystem. 

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