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Based on smart contracts and blockchain technology, DAOs have become mainstream in no time. When it comes to ‘How do decentralized autonomous organizations work’, the process is not known to everyone. Smart contracts help in setting the rules and the foundation of how DAOs operate followed by deciding the funding i.e. how funding will be received. This is carried out by token issuance where tokens are sold to raise funds. Further, the token holders are provided with numerous voting rights in return for their fiat depending on the value of their holdings. During the production phase, no modifications are carried out unless the community of members votes for making changes.

Find Out For More Detail: https://www.antiersolutions.com/dao-blockchain-development/

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