Benefits of a DAO

There are 4 main benefits to DAOs:

  1. There is no real boss and structure like traditional companies; contributors can feel more empowered to be creative and contribute to what they are passionate about.
Working together to complete a puzzle.
  1. A lot of human resource systems can be cut down with the more autonomous structure of DAOs and distribution funds.
  2. DAO’s are designed to be more transparent and open than traditional companies. This is because the code for the structure of the DAO is open source.
  3. Anyone can contribute to a DAO and be paid for their work. No more need for work employment contracts, VISAs, and bank routing numbers. As someone contributes more to a DAO, they can receive more recognition and monetary compensation.
Man running passionately towards a goal.