WHAT IS DAO?
DAO represents a decentralized autonomous organization. The DAO automates blockchain decisions and allows investors to send money from anywhere and having been built on blockchain technology, it guarantees complete transparency.
A DAO is regarded as an internet community with a shared bank account.
The term “Decentralized” points to the fact that there’s no controlling authority, such as the bank or the government .“Autonomous” means the freedom to govern oneself, and “organization” means a group of people with a particular purpose.
A DAO is set up on a block chain like a crypto-currency. It only exists on the Internet and has no physical entity. The DAO automates block chain decisions and allows investors to send money from anywhere. Plus, as it uses block chain technology, it guarantees complete transparency as every member knows exactly where the money is going.
HOW DAO WORKS!
DAO Makes use of smart contracts, which are agreements, in the form of a self-executing code, between group members. People buy a token to become a member of the DAO. The tokens give them voting rights and other decision-making abilities. In a DAO, no one is in-charge; you make decisions as a group.
MATRIX ETF DAO!
For MatrixETF, no one is responsible for MatrixETF. The development of MatrixETF is decided by the consensus of community voters. Anyone can contribute to a new proposal and existing proposals.
TO BEGIN: PURCHASE MDF TOKENS AND BE AN INVESTOR TO GAIN YOUR VOTING RIGHTS AND MAKE USE OF THE DAO SYSTEM!
MatrixETF is the next generation of decentralized ETF platform to run the cross chain，which goal is to establish a decentralized, automated, personalized and diversified portfolio for users, as well as help users easily enjoy long-term, stable and efficient financial services.