What is a DAO

First of all – What is a DAO?

DAO is defined as Decentralized Autonomous Organization

It’s an organization that’s entirely powered by the blockchain. It’s run by the organization members and not influenced by any central authority. It’s fully transparent and anyone from any part of the world can join the organization to make an impact!

In order for a DAO to work we first need rules. They are important to create security. We can define the rules in the code using Smart Contracts. The consensus mechanism ensures that everyone follows our rules.

In a decentralized autonomous organization, every action is a transaction. That means, for example, if you want a higher salary, that implies a transaction. Each transaction is a vote. This vote is represented by a token. Smart Contracts execute the token. As a result, your request for a salary increase is displayed on the DAO.

Heroes DAO would operate in this decentralized way. With a single mission to bring more awareness to LIVING organ donorship.

I’d like to set up Heroes DAO to run this initiative. The goal of this organization is to roll out a solution that would give Heroes (living organ donors like my brother) special recognition everywhere they go for doing what they did. A selfless act of kindness – providing the gift of life to a loved one (or to another human being).

DAO Funds and governance can be allocated into various buckets and utilized in a number of ways guided by the community including but not limited to:

  • Operational expenses for the DAO
  • Supporting other organizations promoting organ donor awareness
  • Fund all perks and benefits to NFT holders (Living Organ Donors). For ex. Hotels, Movie Theater discounts, Restaurants, Food delivery (Doordash, Uber Eats), OTT subscriptions (Prime, Netflix, etc..) etc…
  • Secure exclusive perks that can be owned/managed by the DAO – ie the DAO might host an event or own real estate that can be made available exclusively to holders of NFTs at various levels