DAOs are composed of essential components. Knowing the operating model inside and out is essential to building a DAO. So, to give a general idea of it, we emphasised the key steps. So let's start building DAO on blockchain-
1. Define the objective and lay the foundation of project
2. Decide the type
3. Create ownership and voting processes
4. Create a system of Treasury
5. Implement incentives and rewards
6. Start the DAO
We have discussed about what is DAO and why to build it. Join us to stay current with the blockchain industry's trends. Know More about Product Engineering Services.
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