CARIB DAO IN OTHER WORDS

As a definition of Carib DAO we can say that it is a decentralized autonomous organization that operates on the blockchain using what are called “smart contracts” or the code that executes on the blockchain to manage the different relationships about governance and decision making.

All of this happens digitally in a decentralized network that is born in the Caribbean region.

The adventure of this organization starts precisely from Negril, Jamaica and has as a basic pioneer Donald P. who, together with a solid and reliable team, tries to build a future based on blockchain and web3 technology to enable financial freedom in the Caribbean region.

Carib DAO is owned by token holding members and developers/programmers. Through their voting power, they can decide the future development of the organization.

The most important element of the Carib Dao base are the smart contracts that set the rules and are also responsible for asset management.

One of the main advantages of Carib DAO is that it solves the principal-agent dilemma. This is a theory in economics/finance that arises from conflicts of interest when one person (AGENT) is allowed to make decisions on behalf of another person (Principal). Being a DAO, such a problem cannot exist.

Another advantage is that anyone can join. The activity being on the blockchain is transparent to everyone.

All of these are also challenges because people who don’t know each other have to figure out how to work together. As carib Dao evolves and develops, it is important to have conversations with the people working on the toolkit about developing the organization/project to benefit everyone involved in the process.

What level can reach governance in Carib Dao?

Carib DAO get started with an idea of giving everyone a token 1CARIB=1VOTE, and after than they confront the grabes.

What happens if some people who hold CARIB don’t partecipate becouse they are not interested?

The team work to reinventing a lot of the concepts that we see from traditional governance and political theory, like separation of powers(roles members), checks and balances, constitutions and so forth.

While some of the big, centralized exchanges have collapsed and engaged in fraud, one of the potential opportunities of Carib DAO is that all that decision-making is transparent. There’s no one who has the power behind the scenes to take the money and run. It’s a collectively governed entity. We’re seeing a lot of interest in that in the crypto space, in the digital asset trading space, in using these governance mechanisms. That’s just a starting point. The potential is incredibly broad.

So let’s see how Carib DAO build the future block by block and what we can do to contribute to moving in the positive direction.

Official site: https://caribdao.com/
https://twitter.com/CaribDAO https://discord.caribdao.com/ https://youtube.com/c/CaribDAO https://facebook.com/caribdao https://instagram.com/caribdao
https://t.me/caribdao