Purpose

The purpose of the Collats DAO is to allocate decentralized ownership of the algorithms and its profits. It is owned and managed by the Collats DAO Governance Token holders and by the Collats DAO Liquidity holders .

Decisions are governed by proposals and voting to ensure everyone in the organization has a voice.

There are no CEO, CFO, officers nor owners. Everything is out in the open and the rules around spending are baked into the DAO via its code.

Voting is required by members for any changes to be implemented.

Votes tallied, and outcome implemented automatically without trusted intermediary.

Services offered are handled automatically in a decentralized manner.

All activity is transparent and fully public.

Profits are redistributed amongst the Collats DAO Liquidity Token holders.

Smart contract code can’t be modified once live, even by its owners. This allows the DAO to run by the rules it was programmed with.