What is a DAO?
DAO's are the future of organizing and mobilizing like-minded individuals. Utilizing blockchain technology, ownership becomes fully transparent and put 100% into the hands of the people. The blockchain technology provides a secure digital ledger to track financial interactions across the internet. Only the people who hold ownership of the DAO's token have input into what decisions are made and what direction the DAO heads.
Decentralized organizations enable work to be distributed to the community members instead of being entirely driven by top-down decision making hierarchies. While tokens financially align participants to contribute value to such a network, it is grassroots community leadership and ownership that enables the long-term success of a token network. Ownership is not fostered through financial incentive design but rather through a long-term focus on community building