Dao News

Decentralized autonomous organizations (DAOs) are a unique kind of legal entity that was directly spawned by crypto’s ethos and blockchain tech. Namely, one of the core tenets of cryptocurrencies is that they are decentralized. Unlike traditional currencies, they are not controlled by a single entity such as the government or the central bank, but rather by the individuals using them. And DAOs function according to the same principle.

Such decentralization in DAOs is possible because of the smart contracts technology, allowing for community decisions to be implemented onto the blockchain. These decisions could be about practically anything, including the coin’s circulating supply, token holders’ rewards, or the number of reserve tokens to be burned.

The goal: to transfer the power into the hands of the people. Still, some know-how on how to trade crypto is required. With DAOs being such an exciting and relevant form of a legal entity, TradeCrypto brings you all the latest info about the new and upcoming DAO projects.