Tag: Governance tokens

In 2016, the launch of The DAO, a decentralized venture capital fund, pioneered a new organizational model, fundamentally altering how we think about collective governance. A decentralized autonomous organization (DAO) contains a unique combination of smart contracts, a community of token holders, and a collectively managed treasury, all operating transparently on a blockchain.

In 2016, the initial DAOs were launched, creating a new type of organization that operates without central leadership. A DAO, or Decentralized Autonomous Organization, contains a core technical framework built on blockchain, consisting of smart contracts, governance mechanisms, a treasury, and an engaged community.