DAO (Decentralized Autonomous Organization)
An organization represented by rules encoded as a smart contract that is transparent, controlled by organization members, and not influenced by a central government.
RENSNCE is itself a DAO—the "High Table" of decentralized finance. Key decisions (treasury allocation, initiative funding, parameter changes) are made through on-chain proposals and votes. There is no CEO to fire, no headquarters to raid. The organization exists as pure code and consensus.
Related Initiatives
Related Concepts
See also:
Liquid Democracy
A hybrid voting system where individuals can vote directly or delegate their vote to a trusted representative—and revoke that delegation at any time.
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Quadratic Voting
A voting mechanism where voters can express the intensity of their preferences by spending "voice credits" quadratically (e.g., 1 vote = 1 credit, 2 votes = 4 credits).
See also:
Governance Token
A cryptocurrency that grants holders voting rights in a decentralized protocol's decision-making processes.