Thread by @PokoFund

Want to explain #DAO to a family member? A normal friend? A friend who is manifesting a 'DAO for Dummies' book?

Wish no more.

Here's your holy bible: poko.fund/blog/daos-expl…

TLDR 🧵👇

1/ Decentralized = Led by the community
Autonomous = Self-governing
Organization = A purpose-led community

=> DAO = A self-governing community working towards a common goal/belief.

2/ Although expanding in categories, there are eight main types of DAOs at the moment: Investment (@Meta_Cartel), Grant (@Ukraine_DAO), Protocol (@AaveAave), Collector (@PleasrDAO), Social (@FWBtweets), Service (@theindiedao), Media (@banklessDAO), and Entertainment (@YieldGuild)

3/ DAO member's safety = how well-audited (or 'smart') the smart contracts of that DAO are + off-chain data storage.

4/ DAOs are not yet widely recognized. That is partly why having a legal wrapper for them should be essential to, i.e., protect the community from bearing individual liabilities relating to the organization.

5/ 'The DAO' (the first DAO ever) fell within one year of its existence but spearheaded a movement for hundreds of thousands of DAOs of the future to be created and have better protection mechanism in place.

6/ The number of jurisdictions with DAO-friendly regulations is expanding. The general legal frameworks for DAO include: LLC, cooperative, foundation, nonprofit, and association. Partnership is also a generic framework for DAO, but does not have the level of coverage LLC has.

7/ DAO > traditional companies in:
- transparency,
- attraction of global pool of talents/members/investors, and
- members' autonomy in organization's decisions.

8/ DAO < traditional companies in:
- lack of clear regulations,
- vulnerable to attacks, and
- complicated jargon and protocols.

Poko understands how complex DAOs could be for aspiring buidlers, our product will make this novel-structure organization more accessible and inexpensive to create.

Let's chat about your DAO idea over a call to see how our product could help: calendly.com/pokodaoism/chat