TLDR
Decentralized Autonomous Organization (DAO) is an organization without the centralized control. All decisions in DAO are made in a completely democratic manner by the vote of its shareholders according to the previously established rules. DAO uses native tokens that can be distributed between shareholders and be used to vote to make a particular decision. All operations within DAO — transactions, offers, and voting (including results) — are stored in an open blockchain register. Once deployed it is totally independent from its creator and can not be powered by a single individual.via the TL;DR App
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Written by xdao | XDAO – Multichain DAO Ecosystem
