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What is dao and how it works?

Question Posted / Kunwer Ishan Gahlout

Answer Posted / Kunwer Ishan Gahlout

DAO (Decentralized Autonomous Organization) is a digital entity that operates autonomously and democratically using smart contracts on the Blockchain. It allows for the automation of business logic and governance rules, with decisions being made collectively by its members or token holders. The specific implementation and functionality can vary based on the context.

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