🌐 Exploring the world of DAO!

🤝 DAO (Decentralized Autonomous Organization) — is a blockchain-based organization that operates autonomously without the need for third-party intervention or centralized institutions. DAO is based on the principles of smart contracts and blockchain, which allows transparent and secure execution of the organization's functions.

💎 The importance of the DAO consists of the opportunity for participants to directly influence the allocation of funds and resources. Decisions are made by a vote of all participants, and everyone has equal status and opportunity to participate in management processes.

The value of DAO consists of several aspects:

1️⃣First, DAO establishes democratic and transparent governance rules in which each participant has the ability to influence decision-making within the organization. All actions and transactions are recorded on the blockchain, which allows participants to observe all operations of the organization.

2️⃣Secondly, DAO provides an opportunity for participants to directly influence the allocation of funds and resources. Decisions are made by a vote of all participants, and everyone has equal status and opportunity to participate in management processes.

3️⃣Third, the DAO enables cost reduction and efficient management of financial flows. Blockchain and smart contracts automate many processes, reducing the need for intermediate and centralized structures. Decisions are made quickly and cost-effectively, increasing the efficiency of the organization.

🫂DAO at OGC

❗️In OGCommunity, DAO members influence the development of the project, participate in approving key decisions such as revenue sharing, strategic partnerships, launching new areas and more.

Only those community members who have placed tokens in the token stack participate in DAO, the more tokens the more votes, and the weightier your word in decision making.

🔥Staking tokens are used as:

Votes in the DAO Funds for distribution Funds for reinvestment

The more profit DAO decisions generate, the greater the income of all community members. Thus each DAO member has a vested interest in making the most profitable and promising decision.

In general, DAO is an approach to managing an organization that achieves democracy, transparency and efficiency in management. It enables participants to influence the work of the organization, avoiding trusting power to third parties, and opens up new opportunities in different areas of activity, ranging from financial services to community voting.

#OGC_DAO