In innovative business, there is no place for bureaucracy, and decision-making is lightning fast. If you are late, a competitor comes along and steals the show - I mean, money.

Hence, traditional forms of governance usually assume numerous layers of management for the coordination and enforcement of processes. This comes with a drawback: many operations can become a bottleneck or a source of corruption.

The community, or each member of DAO, reviews, records, and maintains all the tasks, proposals, and updates using a blockchain. However, some experts believe that one can’t achieve fully decentralized governance.

Open tokenized governance gives a lot of opportunities for developers (DApps creators) and users (token holders).

DAO assists developers and entrepreneurs with user communication, regular feature updates, and necessary funding.

For early adopters, it can be considered as a long-term...