Step-by-step instructions for creating a simple DAO model.
XDAO is your gate to decentralized finance. Why? Because it has everything you need to manage/govern/create/build together!
This is the easiest DAO concept that can be implemented by anyone. This example is a short summary of everything that can be done with a DAO on XDAO so far.
Step 1
Create a DAO for 2 people. Add your and your friends public addresses. Give 1 GTs to each address. Set up a quorum to 51%. Now all decisions can be made only if you all will participate in voting.
Go to invest page and buy your LP token. After purchase the offers will be deactivated. And your DAO will obtain $2,000.00 in total. Now you and your friend are not only DAO members, but a DAO investors! Both have 50% of total DAO share.