How to Build a DAO - the Story of One Solutionby@gagarinlaunchpad

How to Build a DAO - the Story of One Solution

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DAO stands for “decentralized autonomous organization” and refers to a community of partners in a certain sphere of crypto-business who have concluded an agreement setting forth the rules of working together. This agreement is written into the organization code using smart contracts on blockchain. There is no single manager and all community members contribute to decision-making by their votes. As it is an autonomous organization, its governance operates independently of the organization members. The governance order operates automatically and is represented by algorithms employed by smart contracts. The RSquad solution should enable any user to create their own DAOs with an internal economy based on governance tokens.

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