General Knowledge about DAO

DAO stands for Decentralized Autonomous Organization. Popularized in 2016, the idea of such a management model has been circulating within the crypto community since the creation of Bitcoin. The core idea behind a DAO is to establish an organization that can fully function without hierarchical management thanks to a set of rules initiated and accepted by all the stakeholders and participants of a DAO.

With the emergence of DAOs, the concept of BUIDL has been spread amongst the crypto community. BUIDL is a warping of the word “build” in the same fashion as “HODL.” BUIDL is a call to arms for building and contributing to the blockchain and cryptocurrency ecosystem, instead of passively holding.

The BUIDL movement believes that instead of just accumulating or trading cryptocurrencies, people should start contributing proactively in order to help adoption and improve the ecosystem people invested in.

Members of the BUIDL movement can participate in the growth and development of an ecosystem through a lot of different contributions. From writing articles, creating educational content, moderating community forums, developing pieces of technology, voting for proposals, and investing skills and talents into the ecosystem, BUIDLERs can shape the future of an ecosystem thanks to DAO rules and policies.