đOverview
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.
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