Everything You Need To Know About DAO

Learn about DAO
Members of the DAO have an inherent bond that cannot be accessed by anyone without the group’s approval. All activities such as decision making and reward distribution are automated based on smart contracts, allowing for the transfer of ownership and value creation between individuals without the need for a central administrator. .

The DAO issues its own governance tokens and rewards their activities, and token holders have the right to participate in the organization’s decision-making. All decisions are made based on proposals and votes, which means that all members of the organization have their own voice. Based on a system encrypted in Blockchain, the DAO is thoroughly and transparently managed with automated rules by computer code and programs.

Types of DAO
- Protocol of DAOs
The DAO Protocol is the most popular type of DAO and often underlies all decentralized finance (DeFi) protocols. These DAOs will be used as ownership and governance mechanisms such as platform rental, optimization program provision, etc.

- Investment DAO

A capital contribution (investment) DAO is similar to a traditional mutual fund operated with pooled capital. However, instead of having a single, centralized party to exercise decision-making power, holders of investing DAO tokens can vote on where their funds are invested.
1. MetaCartel Ventures A “sub DAO” under the broader MetaCartel DAO. It was one of the first for-profit DAOs and invested in early decentralized applications (DApps).
2. LAO LAO is made up of member venture capital funds in the United States. It is registered as a Delaware Limited Liability Company (LLC) and complies with US law, but operates through DApps and smart contracts.

- Collectors of DAO

1. PleasrDAO It’s a DAO collector that raises funds to buy collectibles like NFTs, real artwork, music, and more. PlemsrDAOs can also be classified as Investment DAOs, but the main difference is that they only focus on art and collectibles, not traditional investment products.
2. Flamingo The Flamingo DAO focuses exclusively on NFTs as investment opportunities in an effort to support the ever-growing fields of metaverse and NFT.

• Sponsored by DAO
  
  Sponsoring DAOs are mostly DAOs designed to fund and nurture new projects or projects in the DeFi sector. Grants (grants, grants) driven by these DAOs often arise as charities of larger projects in the space, however a few may exist on their own.
  1. Uniswap Grants A DAO system that manages expenditures in Uniswap’s UNI community vault.
  2. Gitcoin It is an independent platform that sponsors developers and builders to create open source applications. Sponsors can browse the projects listed on the platform and select the projects they want to fund. The DAO’s governance token is GTC, which is used to manage finances, grants, disputes…
  3. Moloch A popular, share-based DAO that underlies many of today’s new DAOs (including MetaCartel). Moloch is built on the concept of creating a “minimum viable DAO” that primarily focuses on simple code and off-chain decision making. The Moloch DAO is focused on funding Ethereum development through the use of grants, so anyone who owns Moloch shares can submit a proposal.

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