UNDERSTANDING DAO CONCEPT
Most of the times, smart contracts are compared to vending machines. But try to think about a vending machine that not only takes money from you and gives you a snack in return but also automatically re-orders the goods. This machine also orders cleaning services and pays its rent without any actions from the outside. It has no managers and all processes were pre-written into the code.
This is the simplest explanation of how DAO works. A DAO (Decentralized Autonomous Organization) can be seen as the most complex form of a smart contract, where the bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rules.
Governance
Governance is the way rules, norms and actions of how people interact with each other are structured, sustained, regulated and held accountable. It regulates the process of decision-making among the actors involved in a collective problem that leads to the creation, reinforcement, or reproduction of social norms and institutions. The degree of formality depends on the internal rules of a given organization and, externally, with its business partners. As such, governance may take many forms, driven by many different motivations and with many different results. Governance refers to all processes of governing, whether by a government, market or network, family, tribe β formal or informal β through the laws, norms, power or language.
DAOs aim to disrupt traditional governance structures of all kinds, and challenge the way we currently think about governance.
To be fully operational, DAO needs a set of rules according to which it will operate. Those rules are encoded as a smart contract, which is essentially a computer program, that autonomously exists on the Internet, but at the same time it needs people to perform task that it canβt do by itself.
Once the rules are established, a DAO enters a funding phase. This is a very important part for two reasons. Firstly, a DAO has to have some kind of an internal property, tokens that can be spent by the organization or used to reward certain activities within it.
*Secondly, by investing in a DAO, users get voting rights and subsequently the ability to influence the way it operates.
When a DAO is fully operational, the decisions on how its funds will be spent are made by reaching a consensus. DAO stakeholders can make proposals regarding its future. In order to prevent the network being spammed with proposals, a monetary deposit could be required to make one or not. Depends on community rules.
Learn more, visit https://thegeomadao.com
https://t.me/geomachat
Most of the times, smart contracts are compared to vending machines. But try to think about a vending machine that not only takes money from you and gives you a snack in return but also automatically re-orders the goods. This machine also orders cleaning services and pays its rent without any actions from the outside. It has no managers and all processes were pre-written into the code.
This is the simplest explanation of how DAO works. A DAO (Decentralized Autonomous Organization) can be seen as the most complex form of a smart contract, where the bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rules.
Governance
Governance is the way rules, norms and actions of how people interact with each other are structured, sustained, regulated and held accountable. It regulates the process of decision-making among the actors involved in a collective problem that leads to the creation, reinforcement, or reproduction of social norms and institutions. The degree of formality depends on the internal rules of a given organization and, externally, with its business partners. As such, governance may take many forms, driven by many different motivations and with many different results. Governance refers to all processes of governing, whether by a government, market or network, family, tribe β formal or informal β through the laws, norms, power or language.
DAOs aim to disrupt traditional governance structures of all kinds, and challenge the way we currently think about governance.
To be fully operational, DAO needs a set of rules according to which it will operate. Those rules are encoded as a smart contract, which is essentially a computer program, that autonomously exists on the Internet, but at the same time it needs people to perform task that it canβt do by itself.
Once the rules are established, a DAO enters a funding phase. This is a very important part for two reasons. Firstly, a DAO has to have some kind of an internal property, tokens that can be spent by the organization or used to reward certain activities within it.
*Secondly, by investing in a DAO, users get voting rights and subsequently the ability to influence the way it operates.
When a DAO is fully operational, the decisions on how its funds will be spent are made by reaching a consensus. DAO stakeholders can make proposals regarding its future. In order to prevent the network being spammed with proposals, a monetary deposit could be required to make one or not. Depends on community rules.
Learn more, visit https://thegeomadao.com
https://t.me/geomachat
Telegram
The Coop Network | Official
Official international chat of The Coop Network.
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
Geoma DAO is Decentralised Finance is made possible by Blockchain Technology
Join DAO now for special giveaway
join us now on telegram : https://t.me/geomachat
Website : https://thegeomadao.com
#DAO #GeomaDAO #DeFi
Join DAO now for special giveaway
join us now on telegram : https://t.me/geomachat
Website : https://thegeomadao.com
#DAO #GeomaDAO #DeFi
Telegram
The Coop Network | Official
Official international chat of The Coop Network.
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
Geoma DAO is DeFi project that care for the future, innovative project with potential succeds
if you looking any project to invest, i would like to suggest you to invest on this project because you can withdraw your investment anytime.
all investor fund will held by escrow on their platform !
website : https://thegeomadao.com
if you looking any project to invest, i would like to suggest you to invest on this project because you can withdraw your investment anytime.
all investor fund will held by escrow on their platform !
website : https://thegeomadao.com
πFAST ACTIONπ
πTokens quickly go to your wallet. Preferably enter your TRUST WALLET WALLET ADDRESS.
πReceive 500 NAMTT for registering on the platform WITHOUT ANY KYC VERIFICATIONβΌ
πAll you have to do is enter your username, email address and activate the link that will come to your email.
http://namtancoin.cash/join-ico/signup.php?ref=Ehis
β
πTokens quickly go to your wallet. Preferably enter your TRUST WALLET WALLET ADDRESS.
πReceive 500 NAMTT for registering on the platform WITHOUT ANY KYC VERIFICATIONβΌ
πAll you have to do is enter your username, email address and activate the link that will come to your email.
http://namtancoin.cash/join-ico/signup.php?ref=Ehis
β
A Decentralised Autonomous Organisation which cares for the Future
https://www.thegeomadao.com
Using the Blockchain to create a shared Economy, Wealth and Ownership.
Guys check this out.
https://www.thegeomadao.com
For telegram group
https://t.me/geomachat
https://www.thegeomadao.com
Using the Blockchain to create a shared Economy, Wealth and Ownership.
Guys check this out.
https://www.thegeomadao.com
For telegram group
https://t.me/geomachat
Telegram
The Coop Network | Official
Official international chat of The Coop Network.
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
There is a special giveaway by Dao team..
You can read everything about this kind of giveaways here: https://bitcointalk.org/index.php?topic=5226333.0
Telegram group: https://t.me/geomachat
You can read everything about this kind of giveaways here: https://bitcointalk.org/index.php?topic=5226333.0
Telegram group: https://t.me/geomachat
Telegram
The Coop Network | Official
Official international chat of The Coop Network.
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
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Receive free 1250 Ecoin (100% Real airdrop)
Reward: *1250 Ecoin Worth ~$125 + 1000 Ecoin / Ref (airdrop)*
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Linkπππ
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- Verify your Email
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You get *500 extra Ecoins if you register FAST*
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For more information visit
https://t.me/geomachat
For more information visit
https://t.me/geomachat
SelfKey
Self-Sovereign Identity for more Freedom and Privacy - SelfKey
SelfKey is a blockchain based self-sovereign identity system that empowers individuals and organizations to find more freedom and privacy β‘
Aidrop upto $500 TRUE
Link: https://www.ihouser.com/tracking/r/vpvxx4
- Line 1: Enter the address of TRUE wallet (wallet can be used in Marcopay app)
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- Line 4: Enter the Username Kakao Talk
note: use chrome browser to get the page translated or fill in the above order the boxes are on the end of the page
Link: https://www.ihouser.com/tracking/r/vpvxx4
- Line 1: Enter the address of TRUE wallet (wallet can be used in Marcopay app)
- Line 2: Enter Email
- Line 3: Enter the phone number
- Line 4: Enter the Username Kakao Talk
note: use chrome browser to get the page translated or fill in the above order the boxes are on the end of the page
There is a special giveaway by Dao team..
You can read everything about this kind of giveaways here: https://bitcointalk.org/index.php?topic=5226333.0
Telegram group: https://t.me/geomachat
You can read everything about this kind of giveaways here: https://bitcointalk.org/index.php?topic=5226333.0
Telegram group: https://t.me/geomachat
Don't leave your cryptos on exchanges.Trade and get them into your hardware wallets.https://selfkey.org/list-of-cryptocurrency-exchange-hacks/
For more information visit
https://t.me/geomachat
Thank you, here is all information about admin:
https://bitcointalk.org/index.php?topic=5124258.0
For more information visit
https://t.me/geomachat
Thank you, here is all information about admin:
https://bitcointalk.org/index.php?topic=5124258.0
SelfKey
Self-Sovereign Identity for more Freedom and Privacy - SelfKey
SelfKey is a blockchain based self-sovereign identity system that empowers individuals and organizations to find more freedom and privacy β‘
Dwelling on your mistakes and overthinking about your problems increases your risk of having mental health difficulties. @googlefactss #psychology
UNDERSTANDING DAO CONCEPT
Most of the times, smart contracts are compared to vending machines. But try to think about a vending machine that not only takes money from you and gives you a snack in return but also automatically re-orders the goods. This machine also orders cleaning services and pays its rent without any actions from the outside. It has no managers and all processes were pre-written into the code
https://www.thegeomadao.com
Telegram group:
https://t.me/geomachat
Most of the times, smart contracts are compared to vending machines. But try to think about a vending machine that not only takes money from you and gives you a snack in return but also automatically re-orders the goods. This machine also orders cleaning services and pays its rent without any actions from the outside. It has no managers and all processes were pre-written into the code
https://www.thegeomadao.com
Telegram group:
https://t.me/geomachat
Telegram
The Coop Network | Official
Official international chat of The Coop Network.
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
β₯ *TRUST WALLET AIRDROP*β₯
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πRecived 100 TWT - 10$
Market- Binance
π₯Trust Wallet Link‡
https://share.trustwallet.com/8RgtNB
π₯Install Trust Wallet Here β
π₯Create Wallet on trust Wallet β
π₯Save Your Wallet Phrase β
π₯ *Note : _if you already installed trust wallet, just update your apps and click this link to get 100 TWT for reward_* β
Trustwallet
Join Trust Wallet
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Want to know more about Geo cryptocurrency..
https://www.thegeomadao.com
For update
https://t.me/geomachat
https://www.thegeomadao.com
For update
https://t.me/geomachat
Telegram
The Coop Network | Official
Official international chat of The Coop Network.
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
Don't leave your cryptos on exchanges.Trade and get them into your hardware wallets.https://selfkey.org/list-of-cryptocurrency-exchange-hacks/
For more information visit
https://t.me/geomachat
For more information visit
https://t.me/geomachat
SelfKey
Self-Sovereign Identity for more Freedom and Privacy - SelfKey
SelfKey is a blockchain based self-sovereign identity system that empowers individuals and organizations to find more freedom and privacy β‘
Don't leave your cryptos on exchanges.Trade and get them into your hardware wallets.https://selfkey.org/list-of-cryptocurrency-exchange-hacks/
For more information visit
https://t.me/geomachat
For more information visit
https://t.me/geomachat
SelfKey
Self-Sovereign Identity for more Freedom and Privacy - SelfKey
SelfKey is a blockchain based self-sovereign identity system that empowers individuals and organizations to find more freedom and privacy β‘
Want to know more about Geo cryptocurrency..
https://www.thegeomadao.com
For update
https://t.me/geomachat
https://www.thegeomadao.com
For update
https://t.me/geomachat
Telegram
The Coop Network | Official
Official international chat of The Coop Network.
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
The Co-operative is the real democratic governance model, where profit meets community. Now on the Blockchain. $GMD
https://linktr.ee/thecoopnetwork
If we would truely understand how the rich get richer we would take action.https://www.crypto-news-flash.com/fed-pumps-425-billion-into-market/
Courtesy; https://www.thegeomadao.com
Courtesy; https://www.thegeomadao.com
Crypto News Flash
FED pumps USD 425 billion into market - 3 times Bitcoin's Market Cap
The Central Bank of the United States of America, Federal Reserve, has announced that by mid-January 425 billion USD will be pumped into the market.