What is DAO (Decentralized Autonomous Organization)?DAO (Decentralized Autonomous Organization) is a decentralized organization form based on blockchain technology, which aims to achieve Community Governance and decentralized decision-making. DAO utilizes smart contracts and cryptocurrency technology to enable participants to participate in organizational decision-making and operations in an open, transparent, and trust free manner.DAO Features:Decentralized decision-making: DAO decisions are made by community members participating and voting together, with no centralized authority or single entity controlling decision-making power.Community Governance: DAO participants can put forward and vote on project proposals, fund allocation, rule making and other matters, implement decisions through smart contracts and ensure transparency and fairness.Transparency and openness: All decisions and transaction records of DAO are publicly viewable on the blockchain, allowing anyone to participate and supervise.Reward mechanism: DAO can motivate community members to participate and contribute through token incentives and pledge mechanisms.Automated operation: The operation and execution of DAO are carried out through intelligent contract automation, reducing human intervention and intermediate links.Remove trust requirements: Due to blockchain technology, DAO does not need to trust third parties, and all decisions and transactions are guaranteed to be secure and reliable through encryption algorithms and consensus mechanisms.