👥DAO Initiation

Decentralized Autonomous Organizations (DAO)

Introduction

Blockchains are fundamentally transforming our traditional financial system, because basic principles such as trust and immutability are useful for more than just financial applications. One potential candidate ripe for disruption by this technology is the government. Blockchains open up the possibility of creating entirely new types of organizations that can operate autonomously, without the need for regulatory coordination.

What is DAO and how does it work?

DAO is a community-driven organization in which its members use tokens or NFTs to provide voting rights on the governance of that organization. As decentralized autonomous organizations, DAOs allow communities, individuals and professionals to securely pool resources and work together to achieve certain goals.

The concept is not new. Humans have always found strength in numbers, and collective collaboration is the foundation of all communities and society. However, DAOs provide a way to organize such collaboration without the need for a central authority, which is often a security weakness. DAO operate on a bottom-up model, which means that the organization is owned by a group of individuals and parties. They usually participate in a DAO by owning and hosting certain tokens known as "management tokens" or assets such as NFTs.

A DAO is thus a safe way to collaborate, trade and interact with strangers. All participants are just people from the internet and all management is done by the DAO members themselves. All decisions are made based on voting, accumulation and spending of treasury funds and rewarding participants for their participation.

How to join Hazed DAO?

To ensure a bright future and clear development of Hazed Chameleon, we are committed to prioritizing the needs of project participants. To this end, we will create a DAO-centric community.

To join Hazed DAO, you will be required to have 5+ HC NFTs. This is necessary in order to create a DAO where every member will be interested in the further development of the project and will be active, in order to achieve the set goals. We believe that by creating a Hazed DAO will secure the project's future and bring the necessary utilities to it, to create a robust ecosystem.