What is a DAO in Crypto? (Decentralized Autonomous Organization)



A DAO, or a Decentralized Autonomous Organization, is a firm set as much as run by code on the blockchain. The individuals who personal tokens related to the DAO are answerable for voting on adjustments and proposing new concepts to maintain the DAO up and operating and enhancing.

Join WhiteboardCrypto Club to say your $20 ETH bonus, distinctive NFT, and have instant entry to our personal neighborhood, personal movies, and my portfolio:

Or be part of our e-newsletter free of charge to get entry to our discord and free DeFi Guide:

Support the channel by checking these crypto/DeFi instruments out:
Unstoppable Domains – all-in-one crypto pockets:
Brave – privacy-based net browser that pays you crypto:

My favourite crypto exchanges
Best for Beginners
Coinbase:

Best for Traders
Binance (US):
Binance (non US):

Lowest Fees
FTX (US):
FTX (non US):

Most Coins and never KYC
Kucoin:

Useful Trading Bots
Pionex:

Explore More Whiteboard Crypto:
Twitter: @whiteboardCryp1
Facebook: @whiteboardcrypto
Instagram: @whiteboardcryptoteam

source

48 thoughts on “What is a DAO in Crypto? (Decentralized Autonomous Organization)”

  1. Provenly working miner with an innovative formula that benefits late investors automatically!

    ✅ Up to 8% daily on your BUSD with RoI booster it js 22.56%

    ✅ 5% referral commission

    ✅ Proven & known dev team, audited smart contract
    Running from last one month

    Reply
  2. THE MARKETS STRUCTURE KEEP GOING DOWN, PERHAPS HUGE PROFITS IS BEEN MADE BY EXPERTS. HEARD THAT HOLDING AIN'T A SMART MOVE ON THE SHORT RUN. PLEASE ANY IDEA ON HOW TO MAKE BETTER PROFITS IN THE MARKET.

    Reply
  3. THE MARKETS STRUCTURE KEEP GOING DOWN, PERHARPS HUGE PROFITS IS BEEN MADE BY EXPERTS. HEARD THAT HOLDING AIN'T A SMART MOVE ON THE SHORT RUN. PLEASE ANY IDEA ON HOW TO MAKE BETTER PROFITS IN THE MARKET.

    Reply
  4. Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

    Reply
  5. At this point, we should all take advantage of the dip. The fact is, NFTs & BTC is the future of crypto and the question most traders ask themselves is – if this is right time to invest? I feel those who would allow the market dynamism to determine when to trade or not are either new in this space in general or probably just naïve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into tradng, since it is way profitable than hodling. Trading went smooth for me as I was able to raise over 15 BTC when I started at 2 BTC in just 5 weeks of implementing trades with signals and insights from Hana misak, I would advise you all to trade your asset rather than hodl for a future you aren't sure about…You can reach her with the telegram details you see on top of the message

    Reply
  6. a hard fork sounds like a larger portion of the community didn't like the direction the DAO is going and forked the project and modified it as they pleased to make their own DAO

    Reply
  7. When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it

    Reply
  8. DOA sounds like a really really bad idea lol. Majority of people making the decision is nothing but chaos when majority aren't even educated.

    Reply
  9. I think DAO is something every project should have, especially for the players, I say we deserve a voice, and that is one thing i liked about Gemie, they are a DAO community, and so far everything is all well.

    Reply
  10. This raises the question, how will wealth be distributed (if there will be any need for it) once everything is automated?

    Reply
  11. The pejorative tone is a bit heavy. Especially when you are mispronouncing English words.

    Going over every mistake, every false idea you put forward, would take longer than listening to this tripe.

    So I will focus on one.

    Your view on open code reveals a child's level of understanding regarding the nature of security.
    The very first delusion you would loose if you bothered to educate yourself at all, would be 'security by obfuscation'.
    The most secure code in the world is public.

    I might suggest that you are not qualified to speak.
    Go read for a few years, and try again later.

    How is that for pejorative?

    Reply
  12. I'm so sure that Crypto currency and NFTs will definitely outsmart the banking system in the nearest future serving as a global fiat

    Reply
  13. Board meetings are not about shareholders voting, and neither tells the CEO exactly what to do. The board is comprised of a group of people whose obligation is to the organization as a whole, they do not decided business strategy. In general they are there to make sure the CEO is guiding the org in a way that is beneficial to the company. The board can fire the CEO, but they can't tell them what to do. Shareholder votes are separate from any board votes. Shareholder votes are for anyone who owns shares in the company to have a vote on propositions put forth by the board and other shareholders.
    You have basic misunderstandings of how companies actually work, and oversimplify many aspects of running the business. I am not saying that DAOs can't be useful in some circumstances, but you are presenting it as replacement for traditional orgs and businesses without really understanding how those things run.

    Reply
  14. BISQ is a DAO that works quite well as a decentralized crypto exchange. Sure, it has scammers and due to this the limits are small at first but it has an inherent arbitrage system where real people are awarded the BISQ token for their service in resolving trade conflicts.

    Reply
  15. This is actually so fucking stupid. So much magical technology and code to replace a CEO. Like what? Fucking useless

    Reply
  16. Am here to learn how to invest after listening to a lady on radio talk about how the importance of investing and how she made $360,000 in 5 months from $5,000. I'm a newbie and I'm open to ideas and suggestions

    Reply
  17. Nice content, Starting early is the best way of getting ahead to build wealth, investing remains a priority. Already making 85% profit from my current investment with a professional broker, Mrs Judith Callen.

    Reply
  18. Absolutely like your TA, but I’d like to point out my point of view, it’s true that we have to refer to the historical data, however sometimes history doesn’t repeat. BTC is almost like a tease when it gets to these levels and it starts to suck in liquidity around this range but we will have to see how the market reacts to these. This is a perfect time to partake in trading as it is volatile. I've made over 9.2 BTC when I started at 1.5 BTC in just a few weeks with Kathryn Gale. Analysis, her strategy is so satisfying.

    Reply

Leave a Comment