My First DAO
XDAO is your gateway into the world of decentralized finance. Why? Because it has everything you need to co-manage, create, and build together!
Below is the simplest DAO concept that can be implemented on XDAO. This is a brief summary of everything you can learn from our DAO creator's guide.
Step 1
Create a DAO for 2 people. Add your public address and your friend's address. Issue 1 GT to each address. Set the quorum at 51%. Now decisions can only be made if everyone participates in the vote.
Step 2
Create an LP token.
🔷 See how to create an LP token.
Step 3
Create a private offer for you and your friend. Set the LP token price at $1,000 for each member.
🔷 See how to create a private offer.
Step 4
After the purchase, the offers will be deactivated automatically, and your DAO will receive a total of $2,000. Now you and your friend are not only DAO members, but also its investors. Each of you holds 50% of the total DAO share.
🔷 See how to redeem an LP token.
Step 5
Use "Connect" and make your first purchases on DEX / NFT marketplaces or use farming — invest on behalf of the DAO and vote.
🔷 See how to connect to XDAO Connect.
Congratulations, you've created your own digital autonomous organization! 😎