My first DAO: Jamon DAO

By following this tutorial I’ve understood how to create a “Distributed Autonomous Organisation” (DAO). This particular example is a democratic organisation with 3 voting members (let me know, and I’ll add your hash to become voting member) who manage a smart contract with a balance of JC167 (JamonCoin).

Any member of the DAO can send a proposal, for example: “Send the admin JC100, so he can buy a jamon sandwich” the rest of the members have a fixed amount of time (in my example 5 minutes) to cast their votes. If the voting is successful (in my case it must be by absolute majority), then the proposal can be validated and the funds will be sent.

Jamon DAO

 

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