Hello! 👋🏻 In this post, we’ll tell you everything you need to know about DAO.

DAO stands for Decentralized Autonomous Organization. This is understood as project management by voting on the part of large token holders.

Using the DAO, investors can vote for the following:

◾️ Making changes to the platform from a technical point of view
◾️ Decrease or increase in commissions
◾️ Revision of the investment strategy

These are the basic functions that are often used with DAO functions. However, they are not limited to just these three points. Developers can themselves determine the list of what can be put to a vote.

DAO governance in Totem

🔹 The Totem cryptocurrency platform has DAO capabilities. Thanks to this, large token holders can propose their ideas and, if they are accepted, they will be further submitted to a general vote. If the proposal gets the majority of votes, it will definitely be implemented.

🔹 Thus, due to the fact that DAO Governance functions are implemented in Totem, the community has a direct impact on the development of the platform.


📢 Find out more on our website: https://totprotocol.com/