DAODAO introduced native support for Bitsong during Q2 2024, following governance approval of funding the deployment & support!
How DAOs Work
DAO's can be created by defining its initial configurations, and then instantiating the set of smart contracts deployed on Bitsong. This can be done through the DAO DAO UI, or even through other custom methods of calling Bitsong. These set of contracts source code is open source and verifiable, bringing certainty that DAOs on Bitsong perform as the official source code public.
Because DAO DAO DAOs operate by smart contracts on a blockchain, they are transparent by default. This means that votes, the voting power of members, and actions a DAO takes are all publicly auditable. This can help provide trust that DAO members are being good stewards of their communities.
With a DAO created, participants can choose how to collaborate, iterate and curate their DAO and on-chain actions. Each DAO has a treasury and is essentially a shared wallet between its members, where actions performed by this wallet requires a level of agreement between its users.
Each account has a membership and voting power based on stake of a specific NFT collection.
Advanced Voting Configurations
DAOs are completely programmable, meaning that members can customize and even extend its DAOs configuration, allowing for the DAO to form to what the DAO members need.
