DAO Blockchain Statistics
Total Market Capitalization of DAOs - $21 billion
Top 5 DAO tokens hold a market cap - ~$13.2 billion
1.7M governance token holders and 497k active voters in the DAO ecosystem
17000 people raised ~$50M to buy the US Constitution using a DAO
Nearly 35-40% of initial DAO token allocation is made to VCs, teams, and protocol companies.
DAO market treasury tanked by ~$4.5B in three months
Features of DAO Blockchain Development
Open Source Code
DAO are particularly reserved till the financing time frame & DAO is delievered. After all this process, Open Source Code converts into an independent identity autonomous of outsiders by creating an open source code accessible to all users and participants.
DAO token is the native token that rises the entire ecosystem of DAO maker. The financing state is more important to make sure that these regulations have an interior property that permits for genuine economic industry growth at any point of time.
DAO blockchain technology to be effective there need to be some of the guidelines that practise the massive way in which the functionalities is supposed to work. These rules are generate as coded as smart contracts so that they can eventually be taken as worthy in the upcoming future.
Organizations and Individuals can work in decentralized manner and an autonomous by using the blockchain. Users are permitted to exercise command and develop choices over the exchange. This automatically develops DAOs highly transparent and immutable.
Benefits of DAO Blockchain Development
Embedded in the code (smart contracts)
Automated AI, Independent Decision and smart contracts
DAO Blockchain Workflow
A team members establishes the Decentralized Autonomous Organization (DAO) rules via the use of smart contracts.
Here Smart contracts work as a foundational framework and thus visible, verifiable and auditable by all the community members.
The DAO platform issues tokens to decide on various ways to get funding aspects.
This systematic protocol permits the DAO to sell tokens for filling the treasury and raising money.
Token holders are issued voting rights in return for their fiat and this is proportional to their holdings.
The DAO is ready to be deployed once the funding completes. The code is pushed to production and cannot be modified without a consensus concluded via member voting.
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Disclaimer: We use the term "Decentralized Autonomous Organization (DAO)" for readers to quick understanding purpose only.Our services are not meant to influence any entity.