A Decentralised Autonomous Organisation (DAO) is a new form of organisation that removes centralised power structures from the decision-making process and automates the decisions taken by the organisation’s community through smart contracts activated on a blockchain.
Holders of the KulaDAO token (investors) will be able to propose and partake in decisions that will effect the future of KulaDAO.
KulaDAO has a distinct Double-DAO structure, whereby investors are able to partake in governance that will mould the overall ecosystem of KulaDAO whilst local community members are able to have a say in governance at their regional level, referred to as a RegionalDAO. These two governance structures do not overlap to ensure the voices of both stakeholders are protected.
‘DAOs are acknowledged as one of the most important constructs in the world of crypto. They will change the social fabric of how the 21st century is governed, financially resourced and even socialise through life’ - KulaDAO team
A more detailed breakdown can be seen below.