A new type of LLC in which there is no leading member of the organization that has the majority rule. In a normal LLC, there are a select few members who make the core decisions for the business. A DAO has been modeled on the premise of decentralization where digital assets represent membership and have rights defined by the operating agreement. That operating agreement can be facilitated autonomously through a series of “Smart Contracts” that operate without any human interaction. While one person or entity must form the DAO, they do not retain sole control over the DAO. This means the business can run without a traditional business structure. All “members” of the DAO have a say in the actions of the organization.
No Leading Member or the Organization has majority rule
Decentralized governance pinned to digital assets and an operating agreement
Automated operations through a series of Smart Contracts
A departure from the traditional way of running business operations
Inclusive and Transparent
Decentralized Autonomous Organizations (DAO) are more inclusive, transparent, and responsive to stakeholder input because every member has a say. That means you don’t have to know the right people or have a certain amount of skin in the game (beyond the initial required token purchase) to be included in the decision-making or benefit from the organization’s profits.
The Degen Forest DAO
Most entities at their start are managed by a small membership team to stuard the early success of the organization. In the context of a DAO, member-managed support begins to evolve from a self-managed organization to a progressively decentralized autonomous entity. At the start, Degen Forest intends to lay the early foundation for the DAO to grow into a fully autonomous, algorithmic entity.