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What is DAO?

A bottom-up entity structure without a centralized management structure is known as a decentralized autonomous organization or DAO. Members of a DAO can vote on projects for the entity and hold DAO tokens. A DAO is designed to enhance the conventional management structure used by many businesses. Every member will be given the chance to speak, vote, and submit projects. Additionally, it aims to have strong governance that is controlled by blockchain code.

A DAO first raises money by exchanging fiat currency for its native coin. This native token represents how members' ownership and voting rights are divided. The native token's value will rise if a DAO is successful.