What Is A Dao | What Is A Dao Crypto | Decentralized Autonomous Organization HD

What Is A Dao | What Is A Dao Crypto | Decentralized Autonomous Organization Official Website: https://bit.ly/3r0qJQs Get Your own Binance Account from Here: https://bit.ly/Binance-Register-Now Ethernity Chain NFTs collections: https://bit.ly/3vPc1g9 Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet Special promo pricing on Nexo Crypto Banking special offer http://bit.ly/NexoSign Binance Review | Binance Review Tutorial 2021 https://www.youtube.com/watch?v=Ajggt25TOp4 Watch our most recent videos: Best NFT Projects | Upcoming Solana NFT | Solminator NFT https://www.youtube.com/watch?v=hlA9CAo07pg Best Crypto Wallet | Peermoon Defi | Best Defi Wallet https://www.youtube.com/watch?v=-93itXgI7ng How to Buy Dogecoin on Binance https://youtu.be/0yHU3ZRplIg _ Links mentioned in the video: ✅ Best Hardware Wallet (Ledger Nano): https://bit.ly/Ledger-Cold-Wallet ✅ Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet Get up to $250 BTC Bonus: http://bit.ly/BlockfiAllService Earn interest in crypto on BlockFi: http://bit.ly/BlockfiAllService Borrow fiat against crypto on BlockFi: https://bit.ly/BlockfiLOANS _ As Web3 and the blockchain bleed more and more into the mainstream, new acronyms get thrown around regularly with little explanation as to what they mean, including this one: DAO. Decentralized autonomous organizations (DAOs) are kind of like clubs for crypto enthusiasts, only they typically operate under a shared goal, give each member equal say in making decisions, and can potentially have more money than most clubs would ever know what to do with. And yet, they’re popping up all over the decentralized internet in order to fund larger companies, raise money for blockchain-based projects, or incorrectly buy a first-edition of a book for millions of dollars with the expectation that it will also acquire the copyright for said book. Needless to say, these organizations have a lot of resources. So, what is a DAO? A decentralized autonomous organization is exactly what the name says; a group of people who come together without a central leader or company dictating any of the decisions. They are built on a blockchain using smart contracts (digital one-of-one agreements). Members of DAOs often buy their way in, most of the time purchasing a governance token specifically for the DAO that gives them the ability to vote on decisions that are made around how the pool of money is spent and managed. These groups can be made up of people from around the world, who often communicate on Discord channels. A DOA has a “completely flat hierarchy,” according to Jason Yanowitz, co-founder of crypto trade publication Blockworks. “It’s a way to govern people differently around a shared balance sheet.” What does a DAO do? Each DAO has a different mission,