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What Is a DAO and How Does It Relate to Governance Tokens?

A Decentralized Autonomous Organization (DAO) is an organization represented by rules encoded as a transparent computer program, controlled by the organization's members. Governance tokens are the mechanism through which members of a DAO vote on proposals and manage the organization's treasury and operations.

The tokens serve as a proof of membership and voting power within the decentralized structure.

How Does a Tokenized Security Handle Voting Rights When the Underlying Asset Has Governance Features?
What Is a Decentralized Autonomous Organization (DAO) and How Can It Govern a Derivatives Protocol?
What Happens to the Tokens If a Team Member Leaves during the Lock-up Period?
What Is the Difference between a Clearing Member and a Non-Clearing Member in a CCP Structure?