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

# GENESIS DAO

## WHAT IS DAO?

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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
{% endhint %}

> 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 fairnes**s. 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.

## GENESIS DAO

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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.
{% endhint %}

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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**.
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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**.
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![](https://2631521478-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MlOd3eh3q8S-nTvKBmD%2F-MlTyDhgmJgFsmN8smBq%2F-MlU19X3iXP8CPwTwYxW%2Fimage.png?alt=media\&token=e47a815c-d2a0-4bae-840c-278ab02defe8)

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To get a GENESIS DAO, one must burn an ARKIPEL01 GENESIS
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![(refer back to our )](https://2631521478-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MlOd3eh3q8S-nTvKBmD%2F-MlTyDhgmJgFsmN8smBq%2F-MlU1EWbvAz7fJhsYs5b%2Fimage.png?alt=media\&token=e8faac68-c5e8-4666-8544-c6c2e1f9ea5a)

### **WHY OUR GENESIS DAO IS SO VALUABLE?**

> It's the **foundation** of our **metaverse**

![](https://2631521478-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlOd3eh3q8S-nTvKBmD%2Fuploads%2FZIhxxQgNqvJsBgHxj2yD%2Fimage.png?alt=media\&token=80449bd0-bd72-499e-845d-7cc0eb26a85e)

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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**
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