DAO in Zenko Club
What is DAO ? (Information about DAO)
Decentralized Autonomous Organizations (DAOs) are a new type of organization where decisions are made from the bottom up and members collectively own the organization. The DAO allows anyone with a stake in the organization to participate in decision-making and influence how the organization operates.
Participating in a DAO usually requires holding a digital asset, such as a token or NFT, that represents your stake in the organization.
DAOs are built on smart contracts, which are self-executing pieces of code that run on blockchain networks. Ethereum was the first blockchain to use smart contracts, and many blockchains now support them. Smart contracts create the rules and governance structure of the DAO.
Members with shares in the DAO can propose new ideas or changes to the organization’s management structure, and other members can vote on these proposals. This model ensures that proposals are not spammed and are only approved when the majority of stakeholders approve them. The majority determination process varies between DAOs and is specified in smart contracts.
DAOs are completely transparent and independent. They are built on open source blockchains, so anyone can view the code and audit the organization’s financial transactions. DAO members can also participate in a treasury that is managed by a smart contract and automatically handles financial transactions.
DAO functionality for Zenko NFTs
As Zenko has stated many times that it is a community-oriented project and important decisions are made by its community, by using the DAO feature, it intends to implement this issue in a transparent and fair manner.
It has been proven many times in the field of cryptocurrency and web3 that one of the most important reasons for the success of a project is the existence of a cohesive and united community. Since Zenko has big goals in mind, it intends to leave the decisions to its community, because the project development team believes that the community will always make the best decision.
As mentioned above, owning a digital asset gives you a stake in the DAO. The digital asset to enter the DAO, is Zenko’s NFTs.
By owning Zenko NFTs, depending on the number of your NFTs and their power, you will have a vote on important project issues.
