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Key Advantages of Open Tokenized 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 investment and source of regular rewards. And for the community in general, it gives a clear understanding of the decision-making process.
DAO is the future of organizations. It can make them more secure and give their members a voice. Open tokenized organizations could reduce corruption since all decisions are made by the community, open for review by anyone, and can’t be altered by third parties.
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Cautionary Tale: Examples of DAO Governance Gone Wrong
A minor bug in an application on Ethereum led to the loss of 3.6 million ETH (the equivalent of $70 million at the time).
The Ethereum community reacted quickly and regained control: it presented multiple proposals to deal with the exploit. As a result, they froze the tokens leaving the ha...
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Why DAO?
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 enfo...
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Open Internet Services Managed by Open Tokenized Governance Systems
Aragon protocol enables a plug-and-play process of creating and managing decentralized organizations. Communities get a powerful tool to organize themselves around capital assets, currency, or tokens. The latter can increase in value as more people hold and use t...
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