DAO1 is the first community-led decentralized economic initiative with innovative and functional financial products and services. It is guided by a democratic digital governance system popularly known in the cryptocurrency industry as Decentralized Autonomous Organization (DAO).
The decentralized autonomous organizations have become popular in recent times. So much that Wyoming in the United States has recently clarified that the legal status of DAOs in their jurisdiction, starting July 1,2021 will be akin to that of Limited Liability Corporations.
DAO1 is an all-inclusive digital ecosystem with tools that empower its community to pursue financial sovereignty under excellent governance. The prevailing product offerings include Staking, Farming, Hackathons for further enhancement of DAO1 ecosystem, and more. It also introduces vibrant and dynamic financial services like Decentralized Fund (DeF) or Hybrid Advisory, Startup Funds, Incubator platform, NFTs and charity initiatives.
The platform native utility token, known as DAO1, functions as the core utility asset for the DAO1 hub. It is the key to accessing all the services in the ecosystem.
DAO1 places the community at the heart of its strategy. The system works following the postulate of cooperation. Based on decentralized autonomous organization (DAO), holders of the DAO1 token take precedence in everything. Community members can influence all the decisions through a proportional voting system, which allows the community of DAO1 token holders to participate in the decision-making process.
The Decentralized Autonomous Organization DAO1 operates based on Smart Contracts, executable programs, and protocols. Governance is the central piece of DAO1, and it will be assured by its community of members once the native tokens are distributed. Operating a Decentralized Fund with Hybrid Advisory, providing staking, farming, underwriting services, creating NFTs, a crypto startup fund and incubator platform, puts DAO1 at the forefront of technology innovation.
DAO1 is creating an ecosystem that is capable of nurturing ideas as well as products that could potentially shape the future of Artificial Intelligence, Machine Learning, Blockchain, Robotics and Quantum Mechanics. Apart from the Crypto Startup Fund and DAO Incubator platform, the project will frequently organize International Hackathons for Developers where anyone from anywhere can sign up and create prototypes of different decentralized products and services with real-world use cases.
The year 2021 has seen an unprecedented proliferation of crypto projects with little to no utility. DAO1 is doing things drastically different. The uniqueness of DAO1 is its proposed decentralized solution within the Incubator Platform and the Crypt Startup Fund. This has never been done before across the Blockchain space. In essence, this is the broadest spectrum of financial services and the most innovative, which includes the DAO1 Hybrid Advisory to DAO1 Crypto Startup Fund and DAO1 Incubator Platform. DAO1 is an all-in-one platform that stands out from the rest.
Check here DAO1’s whitepaper for more details on the features & the project’s roadmap.