#DAO
A DAO (Decentralized Autonomous Organization) is an organizational structure based on blockchain that operates autonomously and in a decentralized manner. Unlike traditional organizations, where decisions are made by a centralized group of leaders or executives, in a DAO, decisions are made through a voting system in which participants (usually token holders) can vote on proposals and changes within the organization.
DAOs operate through smart contracts, which are autonomous programs that execute predefined rules without the need for intermediaries. This ensures transparency, as all decisions and transactions are recorded on the blockchain, and eliminates the risk of manipulation or censorship. Members of a DAO are often incentivized with native tokens that represent voting power and participation in decisions.
DAOs can have various purposes, such as managing cryptocurrency projects, governing decentralized platforms, making decisions in decentralized finance (DeFi) protocols, or crowdfunding initiatives. In summary, DAOs are an evolution of the concept of organization, adapted to a digital and decentralized model.