DAO1 is a community-led socio-economic blockchain infrastructure project that encourages innovation and promotes financial independence through a suite of specialized products and services. As we ensure transparency in our operations from early on through decentralized governance, we are striving to reach out to the community to explain the project and its benefits.

We are reaching out to a broader community to make them understand what DAO1 is all about. As a part of this initiative, our team continues to interact directly with the crypto community over various channels including AMA (Ask Me Anything) sessions conducted by some of the reputed cryptocurrency and blockchain communities and groups on different platforms.

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.

Crypto with its addition like Decentralized Finance, Non Fungible Tokens or Decentralized Autonomous Organizations provide great opportunities in an ever-changing world moving ahead at a very fast pace. It took the crypto industry 10 years to reach a $1 trillion market cap, and another three months to double and hit the $2 trillion mark. With most cryptos at all-time highs, we are entering the mass adoption phase. Back in the day, we had a bank account, and we are looking towards banks that could give us the best interest for our hard-earned money. Lately, the interest has become very low, even negative in few cases. But in the meantime, we could stake cryptocurrencies and be paid a staking reward which is actually the new interest and looks very promising.

Experiment Design
Building on the hypothesis that the essential attribute of money is that it cannot be counterfeited, a process was developed and implemented to provide for the detection of counterfeits. Assuming the hypothesis “money is data” is true, a monetary system was designed to give its money integrity in the same way that a database would be designed to give its data integrity. To achieve the general goal of data integrity, a redundant and robust system of clouds governed by a consortium of independent multinational organizations was designed. The end result is called RAIDA. It should be noted that a patent was filed for Cloud-Based authentication systems, a “CloudCoin Consortium” was created and a digital currency was minted and deployed in the RAIDA.