What are DAOs in Bizverse?

Before investing, investors must know about DAOs. So what are DAOs? and what will DAOs in BIZVERSE?

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐃𝐀𝐎𝐬?

DAOs(Decentralized Autonomous Organization) are an effective and safe way to work with like-minded folks around the globe.

Think of them like an internet-native business that’s collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice.

There’s no CEO who can authorize spending based on their own whims and no chance of a dodgy CFO manipulating the books. Everything is out in the open and the rules around spending are baked into the DAO via its code.

𝐖𝐡𝐲 𝐝𝐨 𝐰𝐞 𝐧𝐞𝐞𝐝 𝐃𝐀𝐎𝐬?

Starting an organization with someone that involves funding and money requires a lot of trust in the people you’re working with. But it’s hard to trust someone you’ve only ever interacted with on the internet. With DAOs you don’t need to trust anyone else in the group, just the DAO’s code, which is 100% transparent and verifiable by anyone.

This opens up so many new opportunities for global collaboration and coordination.

𝐃𝐀𝐎 𝐦𝐞𝐦𝐛𝐞𝐫𝐬𝐡𝐢𝐩

There are different models for DAO membership. Membership can determine how voting works and other key parts of the DAO.

𝙏𝙤𝙠𝙚𝙣-𝙗𝙖𝙨𝙚𝙙 𝙢𝙚𝙢𝙗𝙚𝙧𝙨𝙝𝙞𝙥:

● Usually fully permissionless, depending on the token used. Mostly these governance tokens can be traded permissionless on a decentralized exchange. Others must be earned through providing liquidity or some other ‘proof-of-work’. Either way, simply holding the token grants access to voting.

● Typically used to govern broadly decentralized protocols and/or tokens themselves

𝙎𝙝𝙖𝙧𝙚-𝙗𝙖𝙨𝙚𝙙 𝙢𝙚𝙢𝙗𝙚𝙧𝙨𝙝𝙞𝙥: Share-based DAOs are more permissioned, but still quite open. Any prospective member can submit a proposal to join the DAO, usually offering a tribute of some value in the form of tokens or work. Shares represent direct voting power and ownership. Members can exit at any time with their proportionate share of the treasury.

Typically used for more closer-knit, human-centric organizations like charities, worker collectives, and investment clubs. Can also govern protocols and tokens as well.

DAO in BIZVERSE

BIVE tokens in the BIZVERSE ecosystem will be allocated to the DAO for voting, ensuring the project is self-sustaining without an owner. So, everyone in BIZVERSE is an investor including the team, everyone is equal and shares interests in the success of the project. BIZVERSE owners have the right to create proposals and vote to promote the project.

𝘉𝘐𝘡𝘝𝘌𝘙𝘚𝘌 𝘛𝘩𝘦 𝘔𝘦𝘵𝘢𝘷𝘦𝘳𝘴𝘦 𝘧𝘰𝘳 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘸𝘪𝘵𝘩 𝘊𝘰𝘯𝘵𝘢𝘤𝘵𝘭𝘦𝘴𝘴 𝘌𝘤𝘰𝘯𝘰𝘮𝘺

𝘉𝘶𝘪𝘭𝘥 – 𝘚𝘩𝘰𝘱𝘱𝘪𝘯𝘨 – 𝘞𝘢𝘵𝘤𝘩 – 𝘊𝘰𝘯𝘯𝘦𝘤𝘵 – 𝘚𝘩𝘢𝘳𝘦 – 𝘗𝘭𝘢𝘺 – 𝘌𝘢𝘳𝘯…

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