Now a days decentralize startup companies have been increasing since the rise of digital economy and
decentralized autonomous organization (DAO) is the autonomous company that has no central
leadership. Decisions get formed from bottom-up, governed through a organized community that has
speci...
digitalization of world or gig economy by curio group start up
digitalization of world or gig economy
digitalization of world economy by curio group start up
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Digitalization of world or Gig economy
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Digitalization of world or Gig economy
(By Curio Group Start up)
Now a days decentralize startup companies have been increasing since the rise of digital economy and
decentralized autonomous organization (DAO) is the autonomous company that has no central
leadership. Decisions get formed from bottom-up, governed through a organized community that has
special knowledge and set of rules imposed on block chain perspectives.
DAOs are digital-native organizations that jointly owned and managed through own members. They
have integral treasuries that solely available with the consent of their members. Decisions making are
made by proposals the group votes in specified period.
DAO such category organizations operate without hierarchical management and can have distinctive
motives. Freelancer networks earn money by bidding contracts and pool their funds to pay for software
subscriptions, also charitable groups where members get donations and venture capital firm managed
by all above group level management, and in crypto wallet the fractionalization of real assets can be
used as digital collateral yield purposes.
Jumping to the reasons, its importance in DAO that is internet-native organization from the DAO one of
the pioneered organizations until now emerges. The DAO was project founded in 2016 and also this type
company Curio Group founded as the emergence of digital crypto economy in the end it is failed led to
dramatic apart of Ethereum network.
How does a DAO function?
As outlined above, DAO organization make decision from bottom to up by collective member
organization. There are multiple methods to get a DAO ownership via token ownership. DAO s function
and utilize the smart contracts, which are fundamentally chunks of code that automatically execute
when the set of criteria are met. Smart contracts are deliver numerous block chain via Ethereum was the
first to use.
That smart contracts set up the DAO rules. For those who has stake in DAO then get voting rights and
may impact how the organization function by taking or creating new governance proposals. This version
of style DAO being spammed and the proposal would solely deliver the majority of stakeholders accept
it. And Curio DAO firm determined and varies from DAO to DAO in specified smart contracts. There are
three specified features that offer crypto firm like DAO in their products get supercharged for the next
wave, access vastly more efficient capital by on0chain liquidity and investment opportunity.
DAOs such types of firms are autonomous and transparent as they create open-source block chains,
anyone can see that code, anyone can also audit their built in treasuries, as the blockchain set down all
financial transactions.
Ingredients of DAOs
Machine consensus in token governance rulesets and smart contracts in lieu of legal employment
contracts.
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