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star atlas news peace treaty
star atlas news peace treaty

What is a DAO?

A DAO, or decentralised autonomous organization, is a business structure where control is spread out rather than hierarchical.

DAOs are organized using smart contracts, with participants using governance tokens to vote on topics such as fund allocation.

 

A DAC (Decentralized Autonomous Corporation or Decentralized Autonomous Community) is a subclass of DAO and it’s a community that works through rules encoded as smart contracts.

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