The role a DAO plays ensures that the community is prioritized and not only the founding members, VCs & early investors
2/ The systemic problem that current corporations face is that a select group of people get to make decisions on behalf of an entire organization.
2.5/These decisions are often not in the best interests of their communities & end up lining key shareholders pockets even more. People's greed drive selfish decisions that impact others negatively.
3/ Ever heard the saying 'power corrupts and absolute power corrupts absolutely'
This is a significant reason why DAO's form an integral part of the success of many #crypto projects and the crypto space as a whole.
4/ DAO's put the power in the hands of the community's token holders. Token holders can vote on proposals that affect the project (upgrades, changes etc.)
An example of how a DAO can optimize existing systems 👇
5/ Essentially, the ethos of crypto is community and decentralization.
We've seen how broken the system is and how only the elites benefit while the community suffers. The concept of a #DAO is community first and foremost & eliminates the "top-down model"☝️
6/ Why DAO's are necessary:
- Transparency
- Community-oriented
- Decentralized
- Fair Model
- Reduces How Founders Manipulate Projects
- Innovative model for decision-making
7/ $CULT has an especially efficient DAO which ensures the community controls what proposals are accepted/refused.
Funds are distributed to proposals that are accepted by the community.
The top 50 dCULT holders can put forward proposals and the community can vote 🤝
$RVLT
8/ DAO's are becoming a prerequisite for any #crypto project. The principles have the ability to revolutionize existing systems and drastically reform the way existing systems are manipulated.
Why are DAO's important to you?
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1/ #Crypto has gotten people down recently. The bearish conditions have resulted in a lot of volatility, steep price declines & some being margin-called.
For those experiencing their first bear market - you might be the joke at family dinner "so how's your crypto stuff going?''
2/ If You've Done Your Research, You Understand This Is Temporary & That #Crypto Is Here To Stay - It's Coming Back Even BIGGER Once We Break Out Of This Bear Market 🔥🔥
Even so, the wait is long, and sitting on losses hits different... You've got to reset your perspective ✨
2/ Weeks of turmoil & negative price action have increased pressure tremendously & a number of reputable leading blockchain groups have started to buckle under the pressure..
The media narrative makes it seem like insolvency is on the horizon for #3AC
Thread for bear market massive gains:
In 2017 1000's of #crypto projects raised funds 95%+ of the projects that raised in 2017 didn't survive to see next bull run. They either:
1) ran out of money 2) gave up because they raised so much money they just retired (exit scam) 3) didn't find product/market fit
Blue chips are no brainers like $AVAX $SOL $DOT $ETH $BTC $MATIC etc... The will do pretty good, but not life changing gains, market cap is too high. If you want life changing gains here is what you can do, keep in mind this involves more risk than blue chips.