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.  


1Inch Secures $175M, BadgerDAO Drained for $100M, Forbes 30 Under 30 Lists 15 Crypto Leaders

2 Dec 2021 2 minute read 0 comments GetBlock

Which Web3 leader is a new Forbes 30 Under 30 star? Top-tier DeFi protocol 1Inch closes Series B fundraising round with eye-watering results and high-profile VCs on board. 1Inch DEXes aggregator secures $175 million, Amber Group led the round Yest...

A Peek Into the Future of DeFi Lending: Interview with Founding Contributor of Silo, Aiham Jaabari

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An Introduction to Decentralized Autonomous Organizations (DAOs)

2 Dec 2021 2 minute read 8 comments Zacharias

1 December 2021: A rising trend within decentralization is that of decentralized autonomous organizations (DAOs). Pitted as a potential replacement for traditional business models, DAOs have been surging in popularity among interested investors. This...

PathDAO Tokensale - Upcoming AMA and giveaway!

1 Dec 2021 1 minute read 0 comments Altcoin Edge Youtube

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1 Dec 2021 7 minute read 0 comments Game of Bitcoins

  Thanks a lot for actively participating in the PathDAO AMA held on 1st Dec 2021 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with PathDAO Hi fam, I'm Malaysian, graduated f...

NFTs: Glory to the cult! NFTs + yield token + breeding + game + DAO

1 Dec 2021 2 minute read 0 comments aka LonelyBoy

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DAOlationships: The Collaboration Movement

29 Nov 2021 3 minute read 2 comments Coach Viking

It started off innocently enough: no revenue, no business. No clients, no business. DAOlationships was initially started with the intention of being a business development guild. Can you guess how that went? While it was great, we were attracting...

Rise of DAOs: Just Hype or Profitable Industry in the Making?

28 Nov 2021 1 minute read 1 comment FX Empire

ConstitutionDAO and other decentralized autonomous organizations are now in the mouths of the crypto enthusiasts who are actively talking about this relatively brand-new concept. The concept of a decentralized autonomous organization (DAO) recently g...

How to Invest in High Risk and High Rewards Snowbank DAO's SB token and Earn 384.5k% APR

24 Nov 2021 4 minute read 0 comments Charles Gune

I will show you how to invest into Snowbank DAO's SB token and earn 384.5k APR. This is phenomenal return on investment for me with high risk and high rewards adventure. What is a DAO?What is a DAO is an organization that was designed to be automate...

A DAO in the Life of the U.S. Constitution

24 Nov 2021 5 minute read 5 comments hifi.bitcoin

Listen to this article as a podcast. The United States of America was originally founded upon the principles of democracy and self-governance. Its Founding Fathers believed first and foremost that citizens had a God-given right to life, liberty, and...