Understanding DAOs: Decentralized Autonomous Organizations in Cryptocurrency
A DAO, or Decentralized Autonomous Organization, is an entity governed by smart contracts on the blockchain. Token holders participate in decision-making processes, shaping the organizationโs direction and operations.

Whiteboard Crypto
965.9K views โข Jul 17, 2021

About this video
A DAO, or a Decentralized Autonomous Organization, is a company set up to run by code on the blockchain. The people who own tokens associated with the DAO are responsible for voting on changes and proposing new ideas to keep the DAO up and running and improving.
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My favorite crypto exchanges
Best for Beginners
Coinbase: https://coinbase-consumer.sjv.io/WhiteboardCrypto
Best for Traders
Binance (US): https://accounts.binance.us/en/register?ref=53943019
Binance (non US): https://accounts.binance.com/en/register?ref=RDBHDMLN
Lowest Fees
FTX (US): https://ftx.us/home/#a=whiteboardcrypto
FTX (non US): https://ftx.com/referrals#a=74365468
Most Coins and not KYC
Kucoin: https://www.kucoin.com/r/r3LFPSY
Useful Trading Bots
Pionex: https://www.pionex.com/en-US/sign/ref/yzFsnjAL
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Video Information
Views
965.9K
Likes
31.5K
Duration
8:21
Published
Jul 17, 2021
User Reviews
4.8
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