The RACA DAO is the organization that manages several aspects of the RACA project, including the RACA token utility and distribution, and unites the larger RACA community around what supports the project's growth.
This diverse leadership team works together to ensure that everyone who joins the RACA community has the best possible experience as an investor and gamer.
What is a DAO
A DAO is a decentralized, autonomous organization. These organizations have become popular alongside DeFi, where they promise that any ordinary person can take control of their financial future through blockchain while being held accountable for their own decisions. The DAO operates independently of the RACA team and represents the interests of the community.
Why create a DAO?
The RACA DAO is an important part of the RACA ecosystem. As the size and scope of a project grows, governance becomes more difficult. DAOs ensure that community input is heard and recorded on the blockchain.
Participation is expected to increase as more and more improvement or growth opportunities are proposed, which in turn enriches the RACA ecosystem and generates more support for the project and its initiatives.
How DAOs work
The RACA DAO will be similar to other DAOs in the blockchain space. DAO members can ask questions, and the community will form a viable proposal for voting. As the project grows, the impact of the new proposal will also increase, requiring more input from the community as a whole.