Setting up a decentralized autonomous organization (DAO) can be a complex process. Fortunately, there is an all-in-one solution now in the form of DAODAO.
Therefore, in this article, you will learn more about DAODAO and what it offers to anyone to create its own DAO.
What is DAODAO?
DAODAO is a platform dedicated to DAO creation. It addresses the issue of complicated and fractured tooling in the ecosystem. Furthermore, the DAO ecosystem is still thriving despite the crypto market crash. It has almost $10 billion in total treasury value and 1.7 million governance token holders.
The DAO tooling landscape is also growing, but with so many options it tends to be fractured.
There has never been a better time to start a DAO.
But where would you even begin?
Current DAO tooling is fractured and complicated.
Luckily, DAODAO fixes this. Here's how. 🧵 pic.twitter.com/YnmslLtfHQ
— (DAO,DAO) (@daodao_io) May 2, 2022
Therefore, DAODAO aims to simplify this process by bringing all of the tooling and utilities under one umbrella. In May, the team posted a breakdown of the steps involved in setting up a DAO.
What Is Needed to Set up a DAO Today?
There are a few options for the initial setup such as Colony, Aragon, Syndicate, and Orca Protocol. Then, there are more tools to set up governance and voting, which is the backbone of a DAO. Options include Tally, Snapshot, and Boardroom.
Moreover, DAOs need a token for governance and they must be tradable on DEXes such as Uniswap or SushiSwap. Transparent treasury management is also an essential stage, and the options for this include Juicebox, Gnosis Safe, and Llama.
Furthermore, DAO members need compensation, which anyone can achieve with tools such as Sourcecred, Coordinape, and Superfluid. Additionally, there are tools to set up gated community access such as Guild XYZ, Grape, and Collab Land.
You can Manage Your DAO in One Place
As a result, there are a lot of different tools and platforms to be reliant upon for DAO creation. DAODAO aims to solve this problem by offering them all on one Web3 platform.
With DAODAO, you can manage every aspect of your DAO in one place.
💥Initial Setup
🔒 Gated Access
📈 Token Trading
💸 Compensation
🗣 Communication
⚖️ Governance & Voting
🏦 Treasury ManagementAll on one platform.
https://t.co/8Ixf3jL1kb— (DAO,DAO) (@daodao_io) May 2, 2022
It claims to take DAOs mainstream the same way Coinbase did for tokens and OpenSea did for NFTs. The platform is currently running a funding round for its DAODAO token launch. It had raised $72,542 for a supply of 95 million tokens at the time of writing this article.
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