Decentralized Autonomous Organization (DAO) - News, Opinion & Analysis

Decentralized Autonomous Organization (DAO)

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Decentralized Autonomous Organization (DAOs) are large scale organizations that have no central authority or government. Rather, the body is controlled democratically by its shareholders through smart contracts and decisions are recorded on the blockchain. The most well-known of DAO’s is the DAO that formed on the Ethereum blockchain, and which was subsequently hacked, resulting in a loss of $50 million. 

A term that grew in popularity with the advent of blockchain networks, decentralized organizations do not have the typical structure of a corporate organization i.e. something that is pyramidal. In the DAO’s case, governance is chiefly conducted with the help of smart contracts. Besides bringing the benefits associated with decentralization - transparency, immutability, security etc. - DAOs are also cost effective and, through token economics, good at incentivizing users to participate. 

Several DAOs have already been formed, including projects themselves, such as Aragon, BitShares, Dash and Digix. The governance mechanisms on such platforms allow users to propose changes and vote on such changes. 

Given that that there is no one power controlling the network, and that decentralized networks belong to no nation state, there has been some discussion on the legal status of DAOs. It continues to stir debate.  

TronDash: Top Trusted Tron Tool Transitions Governance into a DAO

26 Sep 2020 2 minute read 0 comments CryptoSayso

   I enjoy following blockchain projects that offer longevity or substance behind new use cases or innovation advancements. With huge projects like $SUSHI starting and finishing in 2 weeks, it says a lot when a project is around for years, rather tha...

Next AltCoin to 100X | Mantra DAO | BEST Crypto Staking Rewards | DeFi

13 Sep 2020 1 minute read 0 comments Jay Fried

In this video we will look at the next AltCoin to 100XWe will look at what is Mantra DAO? Mantra is currently the BEST Crypto for High Staking Rewards, offering an 88.88% Annual Return for staking their OM Token. This is one HOT DeFi in 2020, and th...

Introducing Yield Farming into the DMM Ecosystem

9 Sep 2020 2 minute read 14 comments Defi Money Market

  After the recent launch of the DMM Governance Forum, the DMM Foundation (DMMF) is proud to announce the next governance vote! Left for approval by the DMM DAO, the DMMF will propose the addition of yield farming to the DMM ecosystem. With the launc...

Hatch DAO – The BETTER version of CBDAO

8 Sep 2020 2 minute read 0 comments TronList

In today’s article we will introduce you to Hatch DAO – the newest DeFi Ecosystem on the Ethereum blockchain. What is their newly introduced governance token? Why is it different then CBDAO? How can you earn with the HatchDAO token? We have the answe...

Curve Dao (CRV), DeFi Token

1 Sep 2020 1 minute read 0 comments Stat1c

The Curve Finance protocol issued its own token on 14 August, Curve DAO Token (CRV) , which will now directly work with the liquidity pools of the DeFi tokens supported by the project. Curve is a decentralized exchange pool for efficient trading of...

What is a DAO? How Vitalik Buterin Will Change It

31 Aug 2020 5 minute read 0 comments

Investment has always been a significant part of the financial ecosystem, even with the looming risk of money loss. From Wall Street to Silicon Valley, investors flock in every single day to stake various sums of money with hopes of getting high retu...

Introducing the Aragon Network DAO: Phoenix to Firebird

27 Aug 2020 3 minute read 46 comments Aragon-Official

For years, the main focus of the Aragon ecosystem has been building tools for DAOs to thrive. As of today, Aragon DAOs have more than $350M in assets under management and help govern an economy worth billions of dollars. Aragon is the leading DAO pla...

Earn up to 100 EURO in BTC with Swissborg

25 Aug 2020 1 minute read 3 comments Stat1c

Swissborg is a blockchain platform based in Switzerland. They also get their own tomens (CHSB) You can earn up to 100 EURO in Bitcoin by depositing 50 euro in crypto or bank transfer you will get a lottery ticket.    There are just few steps before...

Aragon Network DAO 8 Weeks Away From Its Major Phoenix Phase

21 Aug 2020 1 minute read 8 comments Abhi K

The Aragon (ANT) Network’s DAO is due to be released in 2 months, the team revealed in a blog post published on August 19. Aragon Network is a 3-phase initiative that was announced in November 2019; the team describes the DAO as being able to foster...

Defi & DAOs: Fractionally Owned Businesses on Ethereum.

20 Aug 2020 2 minute read 2 comments Dawson

Defi & DAOs Fractionally Owned Businesses on Ethereum. Quick refresher on Blockchain: Blockchain noun: A system in which a record of transactions are maintained across multiple computers that are linked in a peer-to-peer network.  "Transactions" can...