Decentralized autonomous organizations have been elemental in nudging the crypto universe in the right direction of decentralization. These organizations help in distributing the control of a project’s operation to a group of people who can democratically vote on the future of the project and keep it decentralized.
The DAOs of the crypto world act as the governing body different from the centralized institutions as no single entity or a board of members can control the company’s vision. It is a community-powered organization where every community member, investor and supporter has the right to decide what’s best for the company.
One of the projects that are pushing this ability of decentralized organization forward is 420 DAO. 420 DAO is a decentralized autonomous organization with the mission to build the right decentralized digital future for everyone.
420 DAO pushing the development of Decentralized Economies
420 DAO is a coordinating and supporting body that helps in the development of decentralized economies. The project is powered by the 420 Token, where every mechanism is informed by the magic number 420. The magic number 420 symbolizes community cohesion and empowerment.
420 DAO takes a three-pronged approach to boost the decentralized economies in the crypto-verse.
420 DAO will utilize the talent and expertise of its development team to build open-source dApps that align with the project’s vision. The project emphasizes public goods and remedies the “tragedy of the commons.”
420 DAO has developed a Treasury owned by 420 DAO members. This treasury is used to invest in lucrative crypto projects, deployed in potential native DeFi protocols, or allocated to institutional hedge funds, especially in bear market regimes.
Every member of 420 DAO plays a crucial role in the project’s progress. Every 420 token holder has the full right to participate in the governance of 420 DAO and any associated protocols from the beginning itself.
About 420 DAO
420 DAO is a decentralized autonomous organization that aims to build the right decentralized digital future. It is a coordinating and supporting body that promotes the development of decentralized economies using its robust tools and 420 DAO token. The project is a revolutionary DAO that has established a dedicated community of crypto proponents, thought leaders, builders and investors.
The 420 DAO ecosystem is powered by 420 token that has in-build properties such as Store of Value, Membership Value Governance value. To learn more about 420 DAO visit,