<aside> 👋 Welcome to the comprehensive beginner's guide to the GoodDAO governance!

Have you heard about the GoodDAO but you are not sure what it is or how you can get involved? You came the right place! 😍

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📌 What is a DAO?

📌 What is the GoodDAO?

📌 How can I see the GOOD token in my wallet?

📌 How can I get more Good tokens?

📌 What is GOOD token? Do I have any?

📌 How to use your GOOD? How to vote?

📌 Where can I find all of the proposals and get more involved?

📌 GIP board

📌 How can I make a proposal?

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What is a DAO?

Let’s start for the basics! 😊

DAO stands for Decentralized Autonomous Organization.

Let’s break it down word by word:

• Decentralized: Governed by its members rather than by a central owner, a team of executives or a government body.
• Autonomous: Able to set its own rules or governance procedures. These can be proposed, updated and adopted by its members as necessary, without reference to anyone outside.
• Organization: A collective of people who share the same goals and are willing to work together to achieve them

Because DAOs are still very new and haven’t yet learned how to operate in a fully decentralized or autonomous way, not many fit this description.

<aside> 👉 You can think of DAOS as entities that allow their communities to work together by using blockchain technology, and the incentives it enables, to fulfill a common purpose.

DAOs are governed by the community, for the community.

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What is the GoodDAO?

The GoodDAO is the entity that allows the GoodDollar Community to work together to achieve the common purpose: shaping GoodDollar’s destiny as it seeks to open the digital economy to everyone.

Thanks to the GoodDAO all of us have the chance to play a more active role! All GoodDAO decisions are meant to maintain a protocol capable of generating, financing, sustaining and distributing a digital basic income in the form of the G$ token to claimers all over the world.

And we could also add its three main operational goals:

• To serve GoodDollar’s philosophy and purpose.
• To secure the GoodDollar reserve and grow the protocol.
• To enable GoodDollar to be run by the community for the community.