Understanding the DAO ecosystem in one chapter

dab dao

We are familiar with DAO (Data Access Object), a device-oriented communication tool, and when we discuss the benefits of digital or blockchain in industry, DAO has a new interpretation.

"Distributed Autonomous Organization" based on the Ethereum DAO blockchain (Distributed Autonomous Organization) and name of the DAO project. DAO (Distributed Autonomous Organization) is a form of organization based on the blockchain. The DAO described below is just a working name based on the Ethereum blockchain. To distinguish between these two DAOs, the second DAO is often referred to as "DAO", which refers to something special.

The “Decentralized Autonomous Organization” DAO is also known as Distributed Autonomous Company (DAC), which stands for “Decentralized Autonomous Enterprise”, where DAO refers to almost all groups that govern autonomy. Whether it is DAO or DAC, this is an organization that can operate independently without human intervention or governance through an open and fair process, it doesn't matter.

Bitcoin and Ethereum are traditional DAOs, but DAO's business model is clearly more of a stock in a house than a currency. The form of the DAO is very broad and can be a digital service, a system or an organization, or even a vehicle without a vehicle. DAO provides essential services to its clients. This service can be a currency exchange (like Bitcoin), an application platform (Ethereum), domain name management (Namecoin) or any other business model.

How to join DAO

Understanding the DAO ecosystem

There are many types of DAOs, including relationship DAOs, protocol DAOs, and project DAOs. New DAOs can be created daily, and since there is no worklist to list all of these DAOs, before signing up to DAO: @ Cooopahtroopa's "DAO Panorama", @ kinjal's "DAO Resource List" and " Top of Token Market Cap "You will have a unique understanding of the ecology of DAO in" DAO ".

Select DAO policy

It's hard to understand DAO properly if you're not registered, DAOs are usually handled by Discord, so you can learn how to sign up by searching on Twitter. Additionally, some DAOs have publicly accessible websites or archives. So, check out our tips and helpful links on social media and online resources for a better understanding.

At the heart of DAO are communities. Unlike traditional operating systems, DAOs are easy to convert and the cost of converting DAOs is very low, so take it slow and always look for places where you can take advantage of the impact on the values ​​you have. But there is still a lot of work to be done in DAO. When you engage in a variety of activities, you will find that DAOs devote a lot of time and energy. Full-time DAO employees start with themselves, so avoid the sloppy ones. More to sign up for DAOs!

Choose the best service

DAO has a variety of activities primarily located on Discord. Keeping up with all the chores will tire you out. The best way to start is to find a place that can offer value. Pick one thing to get started: write a meeting or join a channel to chat with other members. Start small. As long as you keep your feet on the ground, getting involved can help you access more information and find greater value in work and communication.

It is important to get started with the project as early as possible. Since the exchange is easy, you can read the channel's content, watch a few meetings, and then invest, work, or do nothing on your own. . . Don't hesitate to ask other members for help and advice so you can get started quickly.

Facilitate management

It's time to get involved in management with equal rewards and become a senior member of DAO. You get management tokens by purchasing directly, or management tokens from gift bracelets to obtain voting rights and membership rights. All DAO contributions are tokens, so the more you work, the faster you can become a member of surveys and contribute to governance.

Content to remember

1,Participation in DAO does not require payment or purchasing policies from scratch.Whether this is necessary depends on the different DAO strategies. Some DAOs allow users to access the community for free, allowing novice users to understand certain text-only files in order to better decide to participate, while others require the purchase of tokens to access them still means regulation. And so on. important information.

2,CAD development requires people with a wide range of skills and knowledge.. For example, many DAOs like to ask questions about roles such as writers, artists, entrepreneurs, software developers, translators, filmmakers, photographers.

3. With obsessive-compulsive disorder, it is almost impossible to read all the news and follow all the workflows, like in normal social media. It hurts. However, the benefits of open source programs are community based.Free time change according to your personal needs,Although he only gives 2 hours a week, he is still a member of DAO and he will enjoy similar benefits on the channel.