A DAO is a governance organization designed to be fully autonomous and decentralized. Instead of the typical management structure or board of directors, the interactions of the DAO are automatically regulated by audited open-source code and smart contracts. The Fundrs DAO was designed to be organized in epochs that will transition automatically after a set of conditions have been fulfilled. Within the Fundrs DAO, an epoch represents a period of time that corresponds to major changes in the protocol. During the first epoch, AllianceBlock will be acting as the single delegate in order to onboard high-quality projects and ensure the successful development of the platform.
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