3-3. DAO

The core function of NCOP’s DAO is to issue a digital currency (governance token) to users, backers, or other stakeholders utilizing a system that gives token holders voting power. The same system allows the revenue generated to be shared, thus ensuring all within the ecosystem grow together. The token’s price on the secondary market determines its voting power.

NCOP provides a user-friendly tool called “DAO Builder” that makes it easy to structure and utilize DAOs. The DAO Builder’s basic function is to give members voting rights that shape the architecture of a Web 3.0 application. Ethereum Virtual Machine (EVM) smart contracts are organized around a set of APIs that support the web interface.

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