The Decentralized Autonomous Organization DAO1 operates based on smart contracts, executable programs and protocols. Governance is the central piece of DAO1 and it will be assured by the community of members once the native tokens are distributed. The form of governance promoted by DAO1 offers privileges and the right to vote or form a consensus regarding critical decisions on its members that can be located anywhere in the world, being their duty to participate actively in the decision-making process of the organization.
Unlike the known democracy where executive powers and decisions are conferred on certain people, DAO1 takes all token holders, the users of the system into consideration without granting executive powers to anyone to run the organization. DAO1’s goal is to build a living breathing organism that can be fully controlled by its members from Day1. That is what decentralization is about, giving power and control back to the individual.