Addressing the challenges of community management in DAOs
DAOs are member-owned communities without centralized leadership.
DAOs are autonomous and transparent: This is because smart contracts lay the foundational rules, and execute the agreed-upon decisions. DAO activities like proposals and voting can be publicly audited.
Hence, a DAO is governed by its members who collectively make critical decisions about the future of the project — such as technical upgrades, business development, and treasury allocations.