TXKN

The wider world · 74 / 86

DAOs and governance

A DAO is a group that says it decides by vote, often with a token. A vote cannot protect you from a treasury that moves before you notice, or from a vote you cannot afford to join.

What a vote is

A proposal, a quorum, a result, and sometimes a delay before code runs. If there is no delay, the vote and the theft can be the same afternoon.

What it cannot protect

Token votes follow bags, not people. A large holder is the board. A forum post is not power.

Read who can move funds without a vote. That person is the real admin.

Check yourself

Does holding a governance token give you an equal say?

No. Say follows the size of the bag, unless the rules say otherwise.

After this you can find whether funds can move without a vote, and whether a vote has a delay.

Previous: Launchpads and presales · Next: Name services