What language is DAO in your language? We are all members of DAO.

Many say that DAO is good, DAO is very, what is DAO?

Talking to Friends in the Circle One of their priorities for 2022 is to carefully monitor DAOs. Starting with the people of the ConstitutionDAO (Constitution DAO), more and more people are benefiting from autonomous DAOs.

The DAO is a digitally decentralized autonomous organization, a form of investor-driven venture capital and a form of community activity.

The first financial aid from dao token sales in April 2016 was the largest crowd in history, with revenues of over $ 150 million in May of the same year, with more than 11,000 attendees.

Subsequently, due to various disputes, the dao business partner was canceled, and the dao price was removed from the list. Now the dao has become an autonomous path.

What is DAO?

The DAO legislation, which was recently popularized, also involved the mass community after the incident.

The story began in November 2021. Sotheby's Auctions began auctioning the first copies of the “American Constitution”. Some crypto circles also want to compete and participate in this moment in history.

However, the “ticket” for the contest was $ 10 million which was difficult for individuals to obtain, so someone started joining the DAO team online and providing computer activation numbers to Ethereum. Anyone who wants to participate in the contest can donate eth to get a percentage of the population, and donors can participate in the contest.

Within 72 hours of the public service campaign's announcement, more than $ 40 million in ethics was raised by more than 17,000 participants worldwide. The scale and speed of financial support has taken the existing news by surprise, and the New York Times and the BBC are too busy to publish it.

Finally, the DAO auction law failed, and the trade-in price was $ 43.2 million, slightly higher than the proceeds. The DAO has also opened a money back guarantee, where early participants can pick up on their own or keep people with them. Everyone knows the story later, but it's gone from 0.004 at the start to 0.1 now, and once it's gone to 0.2.

It's a story about the freedom of society, and the power of humanity is enormous.

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Understanding the history and recent history of DAOs provides a better understanding of what DAOs are.

The existing utility is worried about the evacuation of the organization or many unforeseen issues, but the essence of DAO is the electronic contract written on the blockchain, a kind of computer code, and the completion of the contract is determined. by code work. . , there is no impact on people and rights are written down when the rules are followed.

The DAO-style crowdfunding method allows you to pre-fund multiple special sites using open source restrictions, and each participant has the unique right to vote on the project and decision.

Currently, DAO has over 100 applications, including social DAO, authoring DAO, multimedia DAO, DAO services and more, and manages over $ 10 billion in assets. People hope to achieve and promote something through genuine social freedom. If no black box works, everything is cool but honest. A good CAD project

$ People and more people, DAO story. With the advancement of blockchain technology and the support for web3.0 technology concepts and applications, the future of technology may change some things and the world will be a better place.

Of course, we also need to learn more code now. Otherwise, there will be no gaps in the DAO code written to the string. Whether it's a real DAO or a fake DAO, it's still not a real DAO.