You've probably heard a lot about DAOs.
But have you ever thought about creating one?
If you have, but not sure where to start, this is your DEFINITIVE guide on how to create a DAO!
We will go over all the things you MUST know, before creating one:
1:07 - Objective of the DAO
The first thing that you need to create a DAO is understand why you even need one!
What's the objective of your decentralized autonomous organization?
2:45 - Finding & Building Community
Finding a community in crypto is hard. Building a community is even harder.
The prospect of standing in front of a million people on social media and shouting about your next crazy idea for a DAO seems exciting. But that is not so easy. There are so many DAOs that are in existence today, and so many already have a dedicated community that supports them.
And new DAOs are springing into existence every single day. How can you distinguish yours?
4:50 - Understanding DAO Governance
DAOs are self-governed entities. That means no singular entity is responsible for making decisions for the entire DAO. This is where governance comes in.
In a DAO, governance is shared by all the members. Thus if you create a DAO today and invite me as a member - then I can vote on any decision that the DAO makes in the future.
What are these decisions?
6:38 - Encoding Rules and Deployment
You've probably heard that smart contracts are immutable.
What that means is once deployed, these contracts and the rules that are written in them cannot be changed.
7:41 - DAO Unique Features
There are some intrinsic features that help us distinguish a DAO from a traditionally structured organization.
🔔 From crypto news, to market moves, and to educational how to videos, such as the one today.
If you want something more than just hype and to actually learn about crypto, make sure to hit the subscribe button right now and turn on notifications to not miss out on new videos!
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But have you ever thought about creating one?
If you have, but not sure where to start, this is your DEFINITIVE guide on how to create a DAO!
We will go over all the things you MUST know, before creating one:
1:07 - Objective of the DAO
The first thing that you need to create a DAO is understand why you even need one!
What's the objective of your decentralized autonomous organization?
2:45 - Finding & Building Community
Finding a community in crypto is hard. Building a community is even harder.
The prospect of standing in front of a million people on social media and shouting about your next crazy idea for a DAO seems exciting. But that is not so easy. There are so many DAOs that are in existence today, and so many already have a dedicated community that supports them.
And new DAOs are springing into existence every single day. How can you distinguish yours?
4:50 - Understanding DAO Governance
DAOs are self-governed entities. That means no singular entity is responsible for making decisions for the entire DAO. This is where governance comes in.
In a DAO, governance is shared by all the members. Thus if you create a DAO today and invite me as a member - then I can vote on any decision that the DAO makes in the future.
What are these decisions?
6:38 - Encoding Rules and Deployment
You've probably heard that smart contracts are immutable.
What that means is once deployed, these contracts and the rules that are written in them cannot be changed.
7:41 - DAO Unique Features
There are some intrinsic features that help us distinguish a DAO from a traditionally structured organization.
🔔 From crypto news, to market moves, and to educational how to videos, such as the one today.
If you want something more than just hype and to actually learn about crypto, make sure to hit the subscribe button right now and turn on notifications to not miss out on new videos!
🔵 Coin Market Cap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content.
📲 Download our app!
IOS : https://apple.co/3dOkokH
Android : https://bit.ly/3gHyJkS
🤝 Join CoinMarketCap!
https://bit.ly/3dVaEoS
Follow CoinMarketCap on social!
https://twitter.com/CoinMarketCap
https://www.facebook.com/CoinMarketCap
https://www.instagram.com/CoinMarketCap
https://reddit.com/r/CoinMarketCap
https://t.me/CoinMarketCap
📩 Subscribe to our Newsletter!
https://coinmarketcap.com/newsletter/
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Francisco Gimeno - BC Analyst How to create a DAO is a hot topic in browsers this year. In fact, to create a DAO, the tech infrastructure in the Web, is very easy and there are many websites which may help to do that. But a DAO is nothing without a community behind, a clear set or governance rules, a clear understanding on what this specific DAO wants to solve or do, and many other features (Credibility, Trust, Credentials, Security tools, Voting and Reward systems, communication tools....) which are absolutely essential for a DAO to really stand up by itself among the myriad DAOS already in the game. Watch this to understand better.