A DAO, or “Decentralized Autonomous Organization,” is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting can be publicly audited.
Community members have the opportunity to create proposals about the future operations of the protocol and then come together to vote on each proposal. Proposals that achieve some predefined level of consensus are then accepted and enforced by the rules instantiated within the smart contract.
With the implementation of DAO mechanisms, each user in Oracula can vote for:
- project development
- new features implementation
- new partnerships arrangements
- next milestones
- fees regulation
- possible token burn
A healthy, robust protocol will garner more usage, and in turn, increase the value of the $ORACULA token of which each DAO member is in possession of. With the implementation of DAO mechanisms Oracula aims to create the most safe and transparent ecosystem that gives its users the opportunity to take active part in the destiny of the project itself.
