What is a DAO?

Decentralize Everything.

A DAO is a Decentralized Autonomous Organization. Think of it as an organization that nobody owns, that runs by itself and only answers to the anonymous group of people who choose to take part in it.

Unlike a company, there is nobody in charge, there are no board members, and anyone can join. It runs on the Blockchain so nobody has the power to stop it from running – it’s not on one server, it’s on millions of servers that hold the entire blockchain. It can’t be cancelled or shut down.

Voting is the main component of a DAO. The public makes proposals suggesting that the DAO do something (or a person proposes to help the DAO in some way) and the members vote on whether they think it's a good idea or not. When a vote is successful, the terms of the contract are executed. The public can see all the actions the DAO has taken, so it is fully open and transparent.

Anyone can make a proposal, but to vote on a proposal you need to have some FEFE, our community currency. FEFE is mostly earned by helping out and contributing in various ways. Issuing a proposal that gets accepted by the community is the main way of earning FEFE, and we'll be adding more ways shortly. Squads and Regional Squads also have budgets that they can assign to their teams and projects.

How will it help us?