> For the complete documentation index, see [llms.txt](https://daox.gitbook.io/daox/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://daox.gitbook.io/daox/overview.md).

# Overview

![v1.0, edited June 17th, 2022](https://111933865-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FS89FrI2hO8KqwJtRPwAH%2Fuploads%2FtRPNbv75VZbmEASHmrZs%2FWP%20Banner%20\(1\).png?alt=media\&token=f4142187-ac4c-4bf4-943b-fd49f0c53ace)

## **Abstract**

**DaoX** is dedicated to building the best **gaming solution** provider for **Web 3.0 sporting**, onboarding the next 1 billion people into **Web 3.0 sporting**. **DaoX** is the pioneer of DAO 2.0.

## **What is DAO?**

A **decentralized autonomous organization** (**DAO**), sometimes called a **decentralized autonomous corporation** (**DAC**), is an organization constructed by rules encoded as a computer program that is often transparent, controlled by the organization's members and not influenced by a central government. In general terms, DAOs are member-owned communities without centralized leadership. A DAO's financial transaction records and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear. In general terms, DAOs are member-owned communities without centralized leadership. A DAO's financial transaction records and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear.

### How do DAOs work?

The rules and regulations of a DAO are written in the source code. Whereas traditionally written on paper, thousands of nodes execute these rules and regulations together through a consensus-based algorithm. They are always open to change, should the community decide to vote in favor of it.

## The problems of traditional DAOs:

* Dependent on the underlying blockchain technology;
* Can be vulnerable to hacks or other exploits;
* Limited scalability.

### Solution:

### DaoX - The Pioneer of DAO 2.0

Dedicated on the problems, DaoX offer a number of revolutions that make DAO practical again. Some of them are:

* Operated by Smart Contract, dependable transparency and security;
* Community-driven decision-making, greater democracy and equality;
* Multiple aspects ecosystem, unlimited scalability;
* Unique NFT Identity for DAO members.