BitDAO

BitDAO is one of the world's largest DAOs (Decentralized Autonomous Organization). Our vision is open finance and a decentralized tokenized economy. ‌BitDAO is an organization governed by $BIT token holders. We welcome all individuals and communities to join us and contribute.

BIT token holders have governance control over BitDAO.

BitDAO is not a registered company. We are a collection of token holders who agree to be governed by a set of smart contracts on the blockchain.

Anyone can propose partnerships and protocol upgrades for BitDAO. $BIT token holders may vote on whether to approve or reject these proposals.

Holding $BIT entitles holders to submit and vote on proposals. It does not entitle holders to impose their will upon other contributors. For example, a proposal that says "BitDAO should build X product" is unlikely to be executed as BitDAO has no employees and cannot compel third party development teams to act. Such a proposal should be written as "we believe X product is required, we will build it, here is the BitDAO funding request and detailed proposal".

Partnerships or $BIT use-cases that are sponsored by others do not require a governance proposal (for example hackathons or education events). BitDAO welcomes all free publicity and $BIT use-cases.

BitDAO is one of the world's largest DAOs (Decentralized Autonomous Organization). Our vision is open finance and a decentralized tokenized economy. ‌BitDAO is an organization governed by $BIT token holders. We welcome all individuals and communities to join us and contribute.

It is permissionless to submit soft proposals on the BitDAO forum, and official proposals on the BitDAO Governance Module (Snapshot). It is permissionless to hold $BIT, delegate $BIT, and vote on proposals.

All decisions, from launching new initiatives to transferring and recalling treasury resources, assigning and modifying powers to operating teams, and implementing corrective actions, are subject to proposals and voting by $BIT token holders.