<aside> ☝ Want to vote on the GoodDAO? Connect your wallet and sign up to our Snapshot!
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Let’s start for the basics! 😊
DAO stands for Decentralized Autonomous Organization.
Let’s break it down word by word:
Because DAOs are still very new and haven’t yet learned how to operate in a fully decentralized or autonomous way, not many fit this description.
<aside> 👉 You can think of DAOS as entities that allow their communities to work together by using blockchain technology, and the incentives it enables, to fulfill a common purpose.
DAOs are governed by the community, for the community.
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The GoodDAO is the governance protocol that governs the GoodDollar protocol, and empowers community members to take an active role in determining its future: shaping GoodDollar’s destiny as it seeks to create free money as a public good for all.
In the GoodDAO, all GoodDollar community members have the chance to play a more active role! All GoodDAO decisions are meant to maintain a protocol capable of generating, financing, sustaining and distributing a digital basic income in the form of the G$ token to claimers all over the world.
GoodDAO’s three main operational goals are:
If you want to know more, you can check out our Governance paper.