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A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. 

One of the major features of digital currencies is that they are decentralized. This means they are not controlled by a single institution like a government or central bank, but instead are divided among a variety of computers, networks, and nodes. In many cases, virtual currencies make use of this decentralized status to attain levels of privacy and security that are typically unavailable to standard currencies and their transactions.



Future of the DAO

What does the future hold for the DAO? The DAO as originally envisioned had not returned as of mid-2020. Nonetheless, interest in decentralized autonomous organizations as a broader group continues to grow.9 While there are many lingering concerns and potential issues regarding legality, security, and structure, some analysts and investors believe that this type of organization will eventually come to prominence, perhaps even replacing traditionally-structured businesses.

how does a DAO work

DAOs operate using smart contracts, which are essentially chunks of code that automatically execute whenever a set of criteria are met. Smart contracts are deployed on numerous blockchains nowadays, though Ethereum was the first to use them. These smart contracts establish the DAO’s rules. Those with a stake in a DAO then get voting rights and may influence how the organization operates by deciding on or creating new governance proposals.

This model prevents DAOs from being spammed with proposals: A proposal will only pass once the majority of stakeholders approve it. How that majority is determined varies from DAO to DAO and is specified in the smart contracts. DAOs are fully autonomous and transparent. As they are built on open-source blockchains, anyone can view their code. Anyone can also audit their built-in treasuries, as the blockchain records all financial transactions.

Why do we need DAOs

Being internet-native organizations, DAOs have several advantages over traditional organizations. One significant advantage of DAOs is the lack of trust needed between two parties. While a traditional organization requires a lot of trust in the people behind it — especially on behalf of investors — with DAOs, only the code needs to be trusted.

Trusting that code is easier to do as it’s publicly available and can be extensively tested before launch. Every action a DAO takes after being launched has to be approved by the community and is completely transparent and verifiable.

Such an organization has no hierarchical structure. Yet, it can still accomplish tasks and grow while being controlled by stakeholders via its native token. The lack of a hierarchy means any stakeholder can put forward an innovative idea that the entire group will consider and improve upon. Internal disputes are often easily solved through the voting system, in line with the pre-written rules in the smart contract. By allowing investors to pool funds, DAOs also give them a chance to invest in early-stage startups and decentralized projects while sharing the risk or any profits that may come out of them.

What is dVest Labs 

dVest Labs is a decentralized autonomous organization (DAO) operated by its community and developers. All decisions are handled by public vote, and all operations, finances, investments, holdings, and decision making are 100% transparent, blockchain verifiable, and fully decentralized. dVest Labs DAO holds positions (up to 49%) in the DAOs of it’s creations, joint ventures, and offshoot projects in the dVest Ecosystem.

dVest Labs (dLABS) tokens are the governance tokens for the dVest Labs Venture Fund. All proceeds from purchases of dLABS tokens go directly into the dVest Labs venture fund, where dLABS holders vote on which ventures should be approved, and funds can only be spent with a majority vote. All funds, distributions, investments, assets, holdings, and decision making are 100% decentralized, public, and blockchain verifiable. dLABS holders share in the profits generated by dLABS investments. 

What is dDEXX

"dDEXX is an Automated Market Maker (AMM) based Decentralized Exchange (DEX) that is part of the dVest Ecosystem. dDEXX is built on top of the Binance Smart Chain (BSC) network and features easy and fast exchange functionality, profitable liquidity pools, and high APR yield farms, where users can earn dDEXX tokens, fees from exchange transactions, and much more.

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About CPI

Crypto Price Index - the very first token ecosystem of its kind, which provides options for users to gain broad exposure to the cryptocurrency market through our ‘CPIx’ tokens. Unlike other indices of its kind, CPIx tokens are novel in their approach of showing token holders a diversified range of assets across a cross-section of the cryptocurrency markets. The CPI (CPI) flagship tokens are a governance token, used to represent an interest in the health of the CPIx token ecosystem. CPIx tokens are backed by component assets, held via an escrow smart contract, and each CPIx token holds the underlying assets which can be redeemed at anytime without third party involvement

Website: https://dvest.org/

Twitter: https://twitter.com/dvestproject

Telegram: https://t.me/defivest

Reddit: https://discord.gg/56ESaPCdpx

Author

Forum Username: rotaredom
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3446181;sa=summary
Participated Campaigns: article
BEP-20 Wallet Address: 0xda8529b815aE4ed00FcD5a39fb0E60F31Ed81FAF

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