For transparent, trustworthy, and immutable decision-making for DeFi platforms, the concept of DAO was created in the year 2016. A DAO will give access for crypto users all around the world to provide insights for reward contributions, new feature integration, and automated governance.
As the need and demand for DAOs have risen among users, many startups have now started to see the launch of DAOs as a successful business model. Yet, they are bombarded with numerous queries like,
How to Build a DAO? How to proceed with the deployment of DAO in the market? And many more.
- Project Preparation
- Choice Of DAO
- Collaborate With a Technical Partner
- Set Up Treasury
- On-Board The Community
These are the common steps that have been followed to launch a DAO with the help of a DAO development team.
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