What are Decentralized Autonomous Organizations (DAOs)? | Simple explanation of DAOs

Описание: Many projects are set-up and run as Decentralized Autonomous Organizations (DAO) that enable governance in line with the value of decentralization.

The core team is behind the crypto project, building key products and critical pieces of the infrastructure, while the token holders - in theory - can govern the direction of the crypto project through token-enabled voting mechanisms.

DAOs start off their journey in the decentralized world but over time discover - the hard way - that it is very useful to have a foot-on-the-ground in the "real world".

The real world offers crypto projects governed by DAOs both key crypto service providers (banks, custodians, lawyers, etc), and as well special rights if there is a real-world entity in the form of a foundation or association that can provide protection & limitation of liability to both the token holders and the core team managing the project.

The US regulator(s) are on the offensive with more heightened regulatory scrutiny toward crypto projects claiming that the laws & regulations don't apply to them because of decentralization.

The latest causality was Ooki DAO, which lost a lawsuit against U.S. Commodity Futures Trading Commission.

Wwe have launched SwissAssetDAO, an initiative entirely anchored in the laws of Switzerland 🇨🇭 and dedicated to creating a framework connecting the decentralized future and existing laws!

With the newly established SwissAssetDAO, we aspire to be the first bridge in the birthplace of decentralization - the Crypto Valley in Zug, Switzerland 🇨🇭.

Follow us at SwissAssetDAO and DM me to learn more.

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