Gas DAO (GAS) is a cryptocurrency and operates on the Ethereum platform. Gas DAO has a current supply of 1,000,000,000,000 with 0 in circulation. The last known price of Gas DAO is 0.00022644 USD and is down -46.03 over the last 24 hours. It is currently trading on 6 active market(s) with $101,786,860.04 traded over the last 24 hours.
Gas DAO utilizes Protocol to Protocol for its network. The platform features Gas DAO Insights, a data-driven unit of an on-chain DAO, thus uniquely fulfilling its aim of providing Ethereum active participants voice by enabling the platform to influence the heading of crucial protocols, L2s, and DAO, including other on-chain platforms.
Gas DAO aims to partner with organizations to make valid surveys to assist in gauging the development that Ethereum users need, meaning partners can use resources more efficiently. The main Gas DAO development team will develop infrastructure to uniquely customize and serve the surveys to be hosted on partners' sub-domain, for example, uniswap.gasdao.org_. Survey participants will then log onto Gas DAO's site through their Ethereum account. After which, they will sign a verifiable I'd after conducting the survey.
Gas DAO Insights aims to create adequate infrastructure for survey creation, viewing, creating insights, and typical analytics to promote decentralization.
What is DAO?
DAO stands for Decentralized Autonomous Organization, a transparent system acting on an encoded computer program, and the government does not influence it.
DAO does not have centralized leadership meaning its member-owned by the public community. All transactions on the DAO platform are run and recorded on a blockchain network. This allows the network to gain a secure digital ledger that can be used to track and monitor digital interactions globally.
This technique eliminates third-party authentication in a digital transaction or interaction. Theoretically, this approach enables numerous cloud computing participants to join a peer-to-peer smart contract corporation.
The developer Vatilik Bugarin stated that once DAO is launched, it can operate without the need for human management only if smart contracts are integrated with Turing - complete system.
Since governance is not centralized, members gain access to voting powers through tokens or NFTS. Joining DAO is limited to members who have authenticated ownership through governance tokens; also, they can exchange membership.
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