A DAO distributes decision-making powers throughout the organization's participants, who hold tokens granting them voting rights on changes.
A decentralized autonomous organization is a group operating through blockchain-based smart contract rules to eliminate traditional management structures.
Token ownership signifies DAO membership and gives users a proportional say in the organization's decisions. This ensures the power dynamics are aligned with the level of stake each member has in the group. The DAO may reward members with additional tokens for their contributions to incentivize participation and align individual efforts with the organization’s goals. Users might also stake their tokens in a related protocol as a form of commitment, which can also give dedicated members further perks. Each DAO has its own operational structure.
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