How Does a DAO Work?
DAO projects go through several stages before its completion. The major stages involved are as follows:
Define the Structue of the DAO
Determining the core structure of the DAO should be the first step when you will be developing DAO from scratch.
What Type of DAO do You Want?
This would be the next stage in which you would be choosing the type of DAO such as investment DAO, Protocol DAO, Grant DAO etc.
Determine the Use Cases of DAO Tokens
This would be the one of the most crucial stages where it will be determined regarding the use case of DAO tokens.
DAO Token Allocation, Supply, and Rewards
Once the structure and type of token becomes clear, you must be allocating the token. After this you will be allowed to fundraise more efficiently and get support from community.
Create the DAO
Either you can create the DAO from scratch or use the DAO start-up templates and tools that are available in the market for development
Establish the DAO Treasury Community
This would be the last stage where you will need to fix your DAO treasury tools for handling tokens and crowdfunding.
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