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What is a DAO? Understanding Decentralized Autonomous Organizations

MAQ Team 4 min read

A Decentralized Autonomous Organization, or DAO, is a revolutionary type of entity that operates without a traditional corporate hierarchy or a centralized board of directors. Instead, a DAO is governed entirely by its community members through smart contracts and token-based voting.

Anyone who holds the organization's governance tokens can propose upgrades, vote on financial treasury allocations, and steer the future development of the project. This structure ensures absolute corporate transparency and distributes decision-making power evenly among true project supporters worldwide.