What's a DAO?

It's like a social network group, but DAO members share a common funds account in order to jointly achieve a goal.

A DAO is ruled by unavoidable dispositions to use the funds. Rules are unavoidable because they are coded in a crypto (DLT) network. That is, in Smart Contracts.

DAO members propose funds usage and vote. Winning proposals shall be implemented with new Smart Contracts or using the ones already in place. The objective is to achieve the DAO goals.

There are DAOs for profit and purely social DAOs.

Decentralized Autonomous Organizations (DAOs) are the latest fashion to get organized for the future.

In Mexaverso DAO, besides making proposals and voting, members can do activities_to_produce_earnings, thanks to the tools in Mexaverso App.