DAO

A DAO, which stands for Decentralised Autonomous Organisation, is an organisation whose operating rules are coded into smart contracts on a blockchain, rather than entrusted to a central hierarchical structure.

Decisions are made collectively by the participants, generally by voting in proportion to the governance tokens they hold. A DAO enables transparent coordination and management, but it also entails specific risks: vulnerabilities in smart contracts, concentration of voting power, and legal and liability uncertainties.

Disclaimer: Young Platform does not offer the services described in this entry. DAOs and the protocols referred to in this entry do not fall within the scope of crypto-asset services regulated by Regulation (EU) 2023/1114 (MiCAR) and are not subject to the related regulatory protections. For details on the services actually provided by Young Platform, please refer to the General Terms and Conditions.

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