# What a DAO is A DAO is an autonomous organization governed by hardcoded rules that lives on the internet, * with access to a shared pool of assets and funds that is managed remotely * with the control being distributed among it's members * coordinated by achieving collective consensus. ## What a DAO is not A DAO * is not an organisation with the control being held or governed by a single authority. * is not run by a set of rules passed by some board of directors. * cannot live offchain. * is not managed with hardcopied agreements or official papers. * won't have it's assets & funds directly or solely managed by a single entity. * cannot pass on rules or decisions without acheiving greater consensus. * will not impose hierarchical authority over it's members. ## How a DAO is implemented A DAO (Decentralized Autonomous Organization) is mainly built with the help of web3 technology, ethereum. And a DAO is characterized mainly by this 3 dominant, distinct and unique characteristics, 1. Autonomous 2. Distributed 3. Decentralized A DAO is made autonomous by the use of smart contracts that is precoded with a set of rules for running a DAO without any manual human intervention. A DAO is made distributed by providing uncensored access to it's resources, assets and funds for all of it's token holders. A DAO is made decentralized by eliminating sole control over it's actions and achieving consensus through the distribution of voting rights to all of it's members.
Last changed by  
 
Mano
177

Read more

Bufficorn Trait Swapping Architecture

Database Schema Swap Schema field type id MongoId swapInitiator

9/30/2022
My Ordinary Resume ;)

Tech stack I use Core ReactJS NextJS NodeJS ExpressJS GraphQL Mongo Postgres

10/30/2021
Untitled

Sentry bot Sentry bot is built for raidguild's own internal purpose and it's both a bot and a server. Features Portculis control Sentry welcomes new people in #tavern with some custom messages but at the same time kicks any bot that joins without an authorization. Bots that are kicked in reported in #command-center. If a bot needs to be added, there's a command that needs to be invoked by the admin to allow bots inside and vice-versa. Role assignment Sentry has it's embed message in #start-here with a definiton of what each role is and anyone can assign/remove the role from themselves by just reacting/removing the reaction for corresponding emojis.

6/1/2021
RaidGuild Ops & Maintanance Shares Proposal

This is regarding a proposal to request shares for the work done on various raidguild internal operations, maintanance & hosting bot services. Earlier before the migration of our dao to xDai, I had this proposal which passed and counts all the work done till 22.09.2020. And for all the work done after September, I wanna request shares same as before but on our new xDai DAO. As per that previous proposal, I had been allocated 5 shares on mainnet per month for hosting & maintaining the keeper bot. Based on that, it would be 25 mainnet shares (5 months * 5 shares/month) that needs to be requested. Adding to that, I request an additional 10 mainnet shares per month counting from last October 2020 for the additional internal operations that am handling as of now which includes server + valhalla ops, airtable ops,

2/23/2021
Read more from Mano
Published on HackMD