DAO based governance

Ceres DAO is a decentralized digital asset management protocol based on a DAO (short for Decentralized Autonomous Organization), which requires token holders to propose and approve critical actions (such as using treasury assets or changes to project codes).

Ceres DAO is a DAO managed by CRS holders. Through a proposal and voting process, CRS holders will determine the actions and direction of Ceres DAO. CRS value and economic models (primarily pass-through) are relevant to the ecosystem's success, and anyone can propose partnerships and product upgrades for Ceres DAO. CRS holders will vote on whether to approve or reject the proposals, and ideas need to provide sufficient analysis and be executable.

The decentralized nature of Ceres DAO usually means that it is democratic rather than being all hierarchical. For example, all participants voted on any changes rather than a single decision-maker. The code automatically calculated and executed all votes rather than relying on human intervention. Smart contract eliminates the possibility of mismanagement or tampering with the vote count, thereby increasing transparency and complete visibility.

Since it is no longer necessary to trust other participants in the DAO, it can be composed of many people who do not know each other and would otherwise be unable to coordinate their common goals. In other words, they can transcend any physical limitations and ensure that all parties are working for the project's good.

DAO As the example demonstrates, once a DAO is up and running (in other words, deployed on the blockchain), changing even high-tier errors in the code can be a slow and costly process that can give malicious people plenty of time to act. Even the most trivial errors that could have been resolved in a matter of hours must go through the same voting process.