Digitex CEO, Adam Todd, explains that Digitex is converting into a DAO and how token holders are being given the exchange for free — and what effects this will have on token price and the longevity of the exchange.
Blockchain 11: Decentralized Autonomous Organizations
This video explains the idea of a Decentralized Autonomous Organization (DAO) and talks about the current context surrounding the term.
A decentralized autonomous organization is an organization that is run by rules that are created by their members through a consensus process and then written into a set of contracts that are run via computer code, thus enabling the automated management of a distributed organization.