What is a DAO & why do you need one? 

A DAO is a trustless, transparent way of operating an organization - powered by the blockchain. 

Smart contracts facilitate the ownership and decisions made by the organization. To quote Harvard Law Professor, Noah Feldman, “Smart contracts are awesome because of their enforcement capacities. What makes a smart contract better than other kinds of contracts is it’s as close to self-enforcing as you can get.”

DAOs are growing like CRAZY! 

• Over $10 BILLION in assets is held in DAOs. 
• There are over 1.9 million governance token holders. 
• DAOs are growing at a rate of 8.8 year over year. 
  

DAOs are raising HUGE money.. 

• Y-Combinator just launched the $80M Orange DAO. 
• Data DAO raised $60M. 
• Constitution DAO has raised $47M. 
  

Not only that, DAOs are here to stay. According to Cointelegraph, “With the global economy still reeling from the pandemic, the accessibility and much less bureaucratic nature of DAOs as a tool for crowdfunding have been a primal factor in its growth.”

Do you NEED a DAO? 

Here’s four simple questions you MUST answer to determine if you need a DAO…

• Are you in this project for the long-term? 
• Are you interested in building a path to decentralization? 
• Is your product crypto native, or will it become crypto native? 
• Are you looking to accelerate fundraising at a better valuation?  
  

If you answered “YES” to all four of these questions.. then you NEED A DAO!

So, how do you create one? 

There’s a LOT that goes into getting DAO launched and it can be EXPENSIVE. 

• ERC20 Token [Development: $8,000; Audit: $6,000] 
• Vesting Contract [Development: $17,000; Audit $9,000]
• Staking Contract: [Development: $20,000; Audit $9,000] 
• Contract Deployment: $500
• Front End Dapp Development: $23,500
• Gnosis Setup: $500
• Snapshot Setup: $500
• Consultant to help you learn how it all works: $5,000
  
  

You’re looking at a $100,000+ to build out a DAO based on industry development and audit estimates.

Fortunately, we’ve done this a TON… and we know EXACTLY what to do, so you can launch the most professional, custom DAO at a fraction of that cost. While OWNING the IP…

If that sounds like something you’re interested in… We’re opening up solutions architects for free consultations. Reach out to one of our talented Web3 Solutions Architects.