What is a decentralized autonomous organization (DAO)?
Most crypto projects replicate the standard operating scheme of regular companies or financial structures. However, some projects instead of a central management point have a collective mind, where each participant is entitled to propose his or her vision of the project's development. In recent years, this management model has become increasingly popular, giving rise to a separate trend, namely, decentralized autonomous organizations (DАО). Find out what it is, how it works, and its pros and cons in our article.