A DAO is a commitment to share value with a community.
DAOs seek to:
- Provide members with a voice through governance.
- Flatten hierarchy and create fluid workstreams.
- Allocate resources to achieve a core mission.
A Telegram group with 10 members and 1 ETH is a DAO.
A DeFi protocol with $1B+ of assets governed on-chain by 10,000+ token holders is a DAO.
Regardless of size, DAOs look to solve core missions - evolving a group chat into a success-driven community.