Good afternoon all. The AragonDAO Community Guild will be hosting a Community Roundtable at 16.30 UTC today, discussing how to transition from a company to a DAO. Join us here and contribute to the discussion or just listen in - https://discordapp.com/channels/672466989217873929/1037742649588850740 All are welcome😀
Any takeaways from the discussion?
Hi u/cirku17 , we had a senior contributor from shapeshiftDAO attend, they went through the process of transitioning from a company to a DAO and went through some of the difficulties with us, one of the biggest being the length of time it now takes to come to decisions as a DAO versus as a company.
Of the benefits they saw, he said that shifting to a DAO greatly increase innovation, reduced admin costs and they saw a massive increase in community involvement. He also said getting to where they are now involved a lot of chaos, but that it was worth the price, at least for their use case. We expect to have a recording of the discussion next week if you would like to reach out then.
An on-chain DAO has a smart contract at the center. So, when a vote passes, actions are automatically executed.
You may be wondering, why can’t you just have a DAO without a blockchain? Why do you need to go through the extra steps of deploying your organization to an immutable ledger?
Being deployed on a blockchain is a key feature of what makes a DAO a DAO.
An on-chain DAO has a smart contract at the center. So, when a vote passes, actions are automatically executed. For example, funds are automatically sent to the wallet specified in the vote. We believe DAO should operate more like a vending machine, with automation at the center.
A DAO isn’t truly decentralized or autonomous until it’s on-chain.
An on-chain DAO has a smart contract at the center. So, when a vote passes, actions are automatically executed.
You may be wondering, why can’t you just have a DAO without a blockchain? Why do you need to go through the extra steps of deploying your organization to an immutable ledger?
Being deployed on a blockchain is a key feature of what makes a DAO a DAO.
An on-chain DAO has a smart contract at the center. So, when a vote passes, actions are automatically executed. For example, funds are automatically sent to the wallet specified in the vote. We believe DAO should operate more like a vending machine, with automation at the center.
A DAO isn’t truly decentralized or autonomous until it’s on-chain.
An on-chain DAO has a smart contract at the center. So, when a vote passes, actions are automatically executed.
You may be wondering, why can’t you just have a DAO without a blockchain? Why do you need to go through the extra steps of deploying your organization to an immutable ledger?
Being deployed on a blockchain is a key feature of what makes a DAO a DAO.
An on-chain DAO has a smart contract at the center. So, when a vote passes, actions are automatically executed. For example, funds are automatically sent to the wallet specified in the vote. We believe DAO should operate more like a vending machine, with automation at the center.
A DAO isn’t truly decentralized or autonomous until it’s on-chain.
An on-chain DAO has a smart contract at the center. So, when a vote passes, actions are automatically executed.
You may be wondering, why can’t you just have a DAO without a blockchain? Why do you need to go through the extra steps of deploying your organization to an immutable ledger?
Being deployed on a blockchain is a key feature of what makes a DAO a DAO.
An on-chain DAO has a smart contract at the center. So, when a vote passes, actions are automatically executed. For example, funds are automatically sent to the wallet specified in the vote. We believe DAO should operate more like a vending machine, with automation at the center.
A DAO isn’t truly decentralized or autonomous until it’s on-chain.
