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DAO Functions

The corporations of the future?

DAOs are the future of Web3

How does a DAO work? What are the core operations of every DAO? How do these operations map to traditional business functions?

  • Decisions made by smart contracts
  • Member-owned communities without centralised leadership
  • A safe way to collaborate with internet strangers
  • A safe place to commit funds to a specific cause

DAOs promote manager-less processes shifting from a top down, command & control approach to a sense & respond mindset of shared leaderhship. This solves the waste broken HR incentive schemes where headcount is rewarded over proving the ability to ship work that creates actual value.

  • Decisions made by smart contracts
  • Member-owned communities without centralised leadership
  • A safe way to collaborate with internet strangers
  • A safe place to commit funds to a specific cause
  • Define, incentivize and manage delivery of work
  • Structure and subdivide work into teams
  • Allocate and manage budgets across teams
  • Flexible compensation: from gigs, to tips, to salaries
  • Dynamic performance tracking
  • Merit based authority
  • Revenue sharing
  • Fundraising
  • Dispute resolution
  • Treasury
  • Authority Management
  • Payroll
  • Voting provides flexibility on how voting power is calculated for a vote. Snapshot supports various voting types to cater to the needs of organizations. Creating proposals and voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain.

Required Skills​

How do people need to be re-educated to adapt to DAO work?