A Beginner’s Guide to DAOs
Metadata
Highlights
- One of the main benefits of a DAO is that they are more transparent than traditional companies since all actions and funding in the DAO are viewable by anyone. This significantly reduces the risk of corruption and censorship.
A Beginner’s Guide to DAOs
Metadata
Highlights
- One of the main benefits of a DAO is that they are more transparent than traditional companies since all actions and funding in the DAO are viewable by anyone. This significantly reduces the risk of corruption and censorship.
- Another issue is that by having the membership be so open, it is possible that it could lead to lower quality and higher noise within the DAO but these can be addressed through DAO screening processes or minimum token holding amounts to at least make sure the participant has skin in the game and is incentivized to see the DAO succeed.
A Beginner’s Guide to DAOs
Metadata
Highlights
- One of the main benefits of a DAO is that they are more transparent than traditional companies since all actions and funding in the DAO are viewable by anyone. This significantly reduces the risk of corruption and censorship.
- Another issue is that by having the membership be so open, it is possible that it could lead to lower quality and higher noise within the DAO but these can be addressed through DAO screening processes or minimum token holding amounts to at least make sure the participant has skin in the game and is incentivized to see the DAO succeed.
A Beginner’s Guide to DAOs
Metadata
Highlights
- One of the main benefits of a DAO is that they are more transparent than traditional companies since all actions and funding in the DAO are viewable by anyone. This significantly reduces the risk of corruption and censorship.