Increase Venom user base notably, by adding DAO builder feature natively to the blockchain.
This project aims to help users to simply create and deploy DAOs on Venom blockchain. It’s designed to be simple-to-use and fast, and its security and scalability is backed by the Venom blockchain.
Decentralized Autonomous Organization (DAO) is a well known usage of smart contracts in which token holders participate in the management and decision-making of an entity. There is no central authority of a DAO; instead, power is distributed across token holders who collectively cast votes. While Venom is meant to be a fully functional blockchain, and since it is a new blockchain under development and gathering user base, having a DAO platform for it seems to be a crucial demand. In this project we propose and implement a set of components that will enable users to simply deploy DAOs on the Venom blockchain, deploy proposals and vote for them. We believe that since:
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