How to talk Decentralized Autonomous Organizations, #DAOs, like a Pro

#DAOs = #token + (#corp - #control) + #vote

A Thread

1/ What is DAOs?

Decentralized Autonomous Organizations (DAOs) is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members with mostly votes and not influenced by a central government.

2/ In general DAOs are:

• Member-owned communities without centralized leadership.

• A safe way to collaborate with internet strangers.

• A safe place to commit funds to a specific cause.

  3/

DAO members are not only participants in, but also owners of the DAO. Members are given tokens which grant them equity ownership in the DAO, as well as voting power in on-chain governance decisions.

4/ Types of DAOs with different purposes:

a. Protocol DAO: Networks issue a token, allowing community members to govern the protocol

b. Investment DAO: Investment DAOs allow members to pool capital and invest in projects at their earliest stages.

5/

c. Grant DAO: Communities donate funds and use a DAO to vote on how capital is allocated to various contributors in the community.

d. Social DAO: exactly what it sounds like, social good vibes only.

6/ A comparison between DAOs and Traditional Organization:

INFOGRAPHIC

Thank you!

If you enjoyed it you can check some other Threads too.

https://twitter.com/EtherSiim/status/1447492904730116096

How to talk Decentralized Autonomous Organizations, #DAOs, like a Pro

#DAOs = #token + (#corp - #control) + #vote

A Thread

1/ What is DAOs?

Decentralized Autonomous Organizations (DAOs) is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members with mostly votes and not influenced by a central government.

2/ In general DAOs are:

• Member-owned communities without centralized leadership.

• A safe way to collaborate with internet strangers.

• A safe place to commit funds to a specific cause.

  3/

DAO members are not only participants in, but also owners of the DAO. Members are given tokens which grant them equity ownership in the DAO, as well as voting power in on-chain governance decisions.

4/ Types of DAOs with different purposes:

a. Protocol DAO: Networks issue a token, allowing community members to govern the protocol

b. Investment DAO: Investment DAOs allow members to pool capital and invest in projects at their earliest stages.

5/

c. Grant DAO: Communities donate funds and use a DAO to vote on how capital is allocated to various contributors in the community.

d. Social DAO: exactly what it sounds like, social good vibes only.

6/ A comparison between DAOs and Traditional Organization:

INFOGRAPHIC

Thank you!

If you enjoyed it you can check some other Threads too.

https://twitter.com/EtherSiim/status/1447492904730116096