Decentralized Autonomous Organizations

Decentralized Autonomous Organizations (DAOs) are organizations run through smart contracts on a blockchain, enabling decision-making without centralized authority. Members use tokens to propose and vote on policies or project directions, ensuring transparency and collective control. This structure reduces the need for traditional leadership, allowing participants worldwide to collaborate directly. DAOs operate autonomously once rules are set, with actions executed automatically based on consensus. They are used for various purposes, such as investment groups, social clubs, or project management, emphasizing decentralization, transparency, and community-driven governance.