Preface

FA DAO - a new decentralized autonomous organization, a new organizational form and business model that is decentralized, autonomous, and it returns all power and benefits to the community.

DAO is "Decentralized Autonomous Organization". In the evolution of blockchain technology, new technologies are emerging and new hotspots are emerging, from DeFi, public chain and NFT to Web3.0, GameFi and SocialFi, Web3.0. And as the keystone of the governance mechanism in the blockchain world, 'DAO' has become one of the most important hotspots.

1. Decentralization

Decentralization means that the whole community is not decided by the centralized top management, but by the stakeholders' voting. each member of DAO will become the Builder of the ecology, not the Trader, and all of them will work towards the same goal. This is one of the most attractive points of DAO - all participants are ecological builders and enjoyers of ecological dividends. Decentralization represents fairness.

2. Autonomy

Autonomy, that is, the autonomy of the community. Through smart contracts, DAO supports users to run applications written by smart contracts on the publicly accessible blockchain, and as long as the conditions set by the most stakeholders are met, relevant proposals and actions can be triggered automatically. In other words, everything is for the community, everything relies on community decision-making, and everything serves the community.

3. Empowerment

Web3.0 is a new Internet system that highlights the power of "ownership" of participants, and DAO is the basis of its ownership and creator economy. the daring buidl legendary DAOs from idea to token airdrops. In the future, all important blockchain projects will rely on DAOs for decentralized governance.

4. Security

The management and operation rules of DAOs are encoded on the blockchain in the form of smart contracts, so that they can operate autonomously without centralized control or third-party intervention. Through intelligent management means and pass-through economic incentives, it achieves self-operation, self-governance, and self-evolution, thus realizing the maximum effectiveness of the organization. In addition, all resolutions will be decided by voting on proposals, thus ensuring that everyone in the organization can express their opinions freely. DAOs are more secure and stable than traditional forms of organizations because no one can control the entire organization. And because DAOs run on permissionless, decentralized blockchain technology, they can remain autonomous from external interference.