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DAOs
Izek edited this page Feb 9, 2022
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A “DAO” is a decentralized autonomous organization — which uses an admittedly clunky acronym to represent a formalized community that can self-govern and take on some aspects of a company.
Astro builds on the foundations of SputnikDAO V1 and widely expands the functionality of DAOs built atop it. Features shipped with Astro include:
- Flexible, role-based voting policies. In V1 all DAO members were Council members and each had equal voting rights.
- Stable coin payouts. This reduces the uncertainty imposed by crypto volatility between proposal requests and payouts.
- Polling system for governance.
- Electing representatives.
- Cross-DAO accountability:
- DAOs can serve as members of other DAOs.
- DAOs can own each other's social tokens for shared investment in collaboration.
In order to create a new DAO you to have to have a NEAR wallet and minimum 5 NEAR tokens in it.