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When it comes to ‘How does DAO governance work’, not everyone is aware of this concept. The team members of the community leverage smart contracts for setting up rules of DAO on a blockchain that are publicly verifiable, visible, and auditable. As these rules are written into the blockchain, DAO operates on bestowing governance and getting funds. DAO sells and issues tokens for raising funds and further filling the DAO treasury. Individuals who purchase tokens get to enjoy voting rights in exchange. Once the funding is completed, DAO is all set for its deployment stage. As the code gets into the production phase, no one can make any changes or alterations except in the case of member voting. 

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