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M2P
@medtopublic
For Newcomers :) DAOs are internet-based communities governed by their members through a transparent and democratic process using blockchain technology. Unlike traditional organizations, DAOs operate without a central authority and instead rely on smart contracts, self-executing contracts stored on the blockchain, to define their rules and execute decisions. Members of DAOs typically hold tokens that give them voting rights on important decisions, such as how to spend the organization's funds or which projects to pursue.
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