DAO Decentralized Autonomous Organization is a digital organization with no owner and no defined governing body. This means that every member of its community can take part in the company’s management. This decentralized structure is made possible by blockchain technology. As you can see from the name, a DAO works in an autonomous and decentralized way. It allows the participants to jointly manage the company’s development and eliminates the possibility for any outside actors to influence the decision-making within the company.
Until blockchain technology, most organizations were solely centralized. While there are some benefits to centralization, the drawbacks include a single-point-of-failure, restrictions, censorship, and unfair decision-making. A decentralized autonomous organization (DAO) operates in entirely the opposite way. DAOs operating through blockchain technology cater for a global contribution of members, are borderless, and permissionless. Moreover, as a decentralized organization, there is no single-point-of-failure, and voting is immutably transparent on the blockchain.
WHAT IS DEXE DAO
DeXe DAO is a Decentralized Autonomous Organization that manages DeXe Network through the voting power of DeXe governance token (DEXE) holders.
DEXE token grants voting and proposal powers within DeXe DAO to its holder. The
more DEXE the user possesses, the greater the decision-making power a voter gets..
All DAO members are expected and welcomed to actively participate in DAO and the decision-making process. Literally, any decision whatsoever that influences the structure of the DAO, its daily operations and plans, any business, technical and functionality decisions regarding DeXe Network, its tools, and products, as well as DeXe DAO Treasury is made through the proposal and voting process
HOW DEXE DAO WORK
The DeXe decentralized autonomous organization (DAO) is responsible for the technical and marketing projects of the DeXe Network. Also, DeXe DAO members are free to come and go as they please, with no exclusive invite, exit restriction, or fee. DeXe DAO members can submit and vote on proposals to platform updates. If members dislike or are against actions taken by the DAO, they can quit the DAO with no friction. Further, it involves zero financial risks.
THE BENEFITS OF DEXE DAO
Joining the DeXe DAO is fairly easy too. Although users need not hold the DEXE token to benefit from the social trading tools, to become a member of the DeXe DAO, users must “acquire DEXE” tokens and stake them.
DAO funds part of DeXe Network main product that will allow DAO creators to build DAOs with a dynamic relationship to and among its members in a few clicks. A DAO that can be modified with proposals from a properly-incentivized community. A DAO that has flexible settings for voting, quorums, validators, etc. Finally, DAOs can serve their purpose and make an impact, all based on DAO members using their relationship to each other and the DAO for everyone’s benefit. For the first time, each DAO member feels appreciated and valuable, where he is part of a business that directly benefits him and needs his participation to thrive.
ABOUT DEXE NETWORK
DeXe is the ultimate one-stop-shop for social trading in DeFi, including free tools available today. The DeXe ecosystem includes a number of services that together make life easier for DeFi traders, investors, and project in a holistic approach. For example, one DeXe ecosystem service protects new projects from sniping bots and other malicious actions. DeXe is the future of trading, today.
Make sure to follow all the Dexe Network socials, to not miss a thing: