Thread by @marmooznet

2022 is the year of DAOs.

You can join one.. or BUILD one!

Here's your guide to creating the next big DAO

Thread 🧵

What is a DAO?

DAO means Decentralized Autonomous Organization

In simple words, it's an online community with no rigid hierarchy or central leader.

This group of people works towards a mutual goal.

What makes the difference with other online organizations?

The interactions are operated on the Web3 space using Blockchain.

The community is linked by rules defined in smart contracts :

This Open Code on the Blockchain guarantees transparency.

How does it Work?

1- DAO must have a purpose.

2- DAO must have a set of rules

3- DAO usually have a shared bank account

4- DAO must have collaborative decision-making (voting)

How to Build a DAO?

There's different methods and tools to create your own DAO.

You can code one by following tutorials and helpers:

@MoralisWeb3
@thirdweb_
@daostack

Or you can use specified tools for every feature 👇

How to communicate?

This is the first aspect of every DAO.

Start by gathering people that share the same goal as you.

Usually a @discord server is what everybody chooses.

But you can try @telegram or @signal for more secure conversations.

And Twitter to get new members.

For a pure decentralized communication platform, try

- Aether, it's a peer-to-peer Reddit.

Provides chat rooms, forum threads and email newsletters.

How to set up a DAO?

These are the suite of templates and apps to launch DAOs:

@AragonProject
@joincolony
@OrcaProtocol

To create legal agreements and documents with Ethereum use OpenLaw

How to Create Tokens?

Launch tokens for your DAO.

The tokens are used as a way of authentication and represents shares in the DAO

Become a token-driven community with:

@CoinviseCo
@tryrollhq

How to Token Gate?

Only persons with the Tokens can access your DAO.

These are the tools you need to manage access for your gated DAO.

@Collab_Land_
@grapeprotocol
@guildxyz

How to Vote and Govern?

DAOs are communities with bottom-up governance.

Voting and Polling are necessary for every decision and action.

@voteWithTally
@SnapshotLabs
@boardroom_info

How to manage Finances?

Just like any organization. You have to manage the funds and treasury.

Use decentralized platforms to manage payments, invoices, and treasury.

@llamacommunity_
@juiceboxETH
@gnosisSafe

How to reward?

Reward the members of your DAO for their efforts and contributions.

Share compensations using one of these:

@parcelHQ
@coordinape
@sourcecred
@Superfluid_HQ
@utopialabs_

You need inspiration for your DAO?

Here are some popular DAOs

@developer_dao - Coders

@banklessDAO - DeFi

@songcamp_ - Music

@theRAWdao - Photography

@SyndicateDAO - Investing

@KrauseHouseDAO - Sports

@PadawanDAO - Conferences

That's it. Now go Build your DAO!

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