The current state of DAOs is problematic.The DAOs attempt to achieve decentralization by releasing an ERC20 token which is then used as the voting mechanism and the projects funding mechanism is the biggest contributor to its centralization. ERC20s are great funding mechanisms but releasing an ERC20s as voting mechanism is a horrible idea. DAOs, understandably so, release a tokens to reward early adopters, users, developers, and investors (if any). In an effort to protect the DAO and secure l...

The current state of DAOs is problematic.The DAOs attempt to achieve decentralization by releasing an ERC20 token which is then used as the voting mechanism and the projects funding mechanism is the biggest contributor to its centralization. ERC20s are great funding mechanisms but releasing an ERC20s as voting mechanism is a horrible idea. DAOs, understandably so, release a tokens to reward early adopters, users, developers, and investors (if any). In an effort to protect the DAO and secure l...