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2. This DAO offers advantages to both interested parties:
As a summary of what we have seen throughout the article: the
future of DAOs remains to be seen. In these months we have
witnessed the success of the strategy of some decentralized
organizations, but it is still a model that is in its infancy. DAO Platform
Development Which means that we will have to wait a while to see how
this social phenomenon progresses and see its evolution to see how it
fits in with regulation and more traditional organizations.
3. What is a governance token?
DAOs, we also have to talk about the process of tokenizing organizations, which "is the feature
that makes decentralized governance of a community possible among members who do not
have to know each other or have another formal link," explains David Martín, Product Manager
in the Connectivity Innovation area, at Think Big .
DAO Development Company It is in this context that the governance token arises. These tokens
are used to regulate voting, through rules programmed in a smart contract in the blockchain.
Also, it is common that these organizations may have different tokens to separate the
governance plane from other utilities within the community.
4. what is a DAO and what is its role within the web3?
A concept that the arrival of web3 has put on the table is the DAO (Decentralized Autonomous
Organization), which means Decentralized Autonomous Organization. These arise in 2016, but
they have not had a real boom until today.
DAO Development Services The owners of a DAO will have tokens associated with the same
organization that will allow them to vote on decisions, receive rewards or access exclusive rights.
In summary mode: since there is no centralized authority, as in traditional companies, governance
is carried out through a voting process of all the members of the DAO. Bearing in mind that no one
will be able to modify the smart contract, since everything is done transparently by being publicly
registered in the blockchain.
