📜GENESIS DAO
Last updated
Last updated
DAO stands for "Decentralized Autonomous Organization", is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members, and not influenced by a central government
Bitcoin is held up as a representative of DAO. Bitcoin does not have a central authority that hands out currency, and tokens are issued and managed according to predetermined rules.
DAO's strength lies in its transparency and fairness. In a blockchain-based DAO, a set of contracts, implemented in a non-rewritable form also known as smart contracts, is executed mechanically, decentralized, and autonomously.
DAO also has the advantage of saving manpower, reducing costs, and shortening the time required for processing. In this way, DAO is transparent, fair, and efficient, and it looks like the future as in how we will organize our entities.
With the GENESIS DAO, we are creating transparent governance on the roadmap of ARKIPELAGO into a community-driven metaverse, which means that you as part of the DAO will have the right to decide the course of the metaverse creation and development.
The DAO has no proprietary administrators getting involved, therefore, founders are token holders just like users. There are no operators with special privileges, hence creating an ideal community-driven metaverse.
This is everyone's project - Live by the DAO, DAO by the DAO. To simplify everything, ARKIPELAGO is a DeFi Project that will be based on its Metaverse and tokenomics, which are 100% transparent and ran by the community.
To get a GENESIS DAO, one must burn an ARKIPEL01 GENESIS
It's the foundation of our metaverse
As the project grows, the founders have committed to burning 75% of their DAO ownership, inlining the project's vision into creating a community-driven metaverse
