DAOs, or decentralized autonomous organizations, are collectively‐owned and ‐governed organizations that use smart contracts to set and execute their rules.
Businesses run as DAOs often intend to automate as many business processes as possible. By removing the need for humans to manage the business, DAOs can function with very small margins and avoid the pressure to be profitable.
DAOs are leaderless, allowing all stakeholders to propose rules and vote on them to determine how the business is run. Stakeholders are generally considered to be all token holders.
→ View more terminology.
Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 21 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 32 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.