Spool: A DAO Supporting DAOs

Decentralised Autonomous Organisations, born from Web3 communities and powered by a multitude of models, these new methods of governance are rapidly changing the face of company and business management. Although the term DAO was first coined in the 1990s during discussions around the “Internet of Things”, and some believe Bitcoin was the first DAO, they now usually refer to an organisation created on a blockchain and managed by smart contracts. As Vitalik Buterin described in his 2014 article “<a href="https://blog.ethereum.org/2014/05/06/daos-dacs-das-and-more-an-incomplete-terminology-guide" rel="noopener ugc nofollow" target="_blank">DAOs, DACs, DAs and More: An Incomplete Terminology Guide</a>”, a DAO is: “an entity that lives on the internet and exists autonomously, but also heavily relies on hiring individuals to perform certain tasks that the automaton itself cannot do.” Spool DAO is a prime model for this approach to decentralised governance. Within Spool, holders of $SPOOL who choose to stake their tokens are automatically allocated voSPOOL. This is a dedicated and non-tradeable token giving them access to the Spool DAO and providing them with governance rights. <a href="https://medium.com/spoolfi/spool-a-dao-supporting-daos-54c0c961da56">Visit Now</a>