an organization governed through Ethereum smart contracts. It allows network participants to vote freely from anywhere in the world on pertinent issues affecting the organization.
A decentralized autonomous organization, is a blockchain-based organization that rewrites the rules on leadership and governance. It uses smart contracts to replace hierarchical structures. Moreover, it allows independent members of a community to vote on relevant issues, usually with the use of native token MATIC. Visit: https://ipfs.io/ipfs/QmTwBtDVLfHFeQzUsfv8uoFjfmKSrNarFMSBSRKJao6shZ
How it's made
DAOs today have become simple to build. Thanks to the ultimate Web3 development suite, Moralis, DAO-building has become a quicker and more streamlined process. Using react Javascrip library. the platform, encourages skin in the game, is a quick way to raise funds for the organization, governs incentives, and creates transparency. Tokens follow different standards, but the ERC-20 token standard remains a widely popular choice. Users vote on a poll by signing a transaction on a Web3 wallet like MetaMask. Gitpod.io link: https://3001-bild96-moralispoll-k62x92npbg0.ws-eu39.gitpod.io/main