What is the Honey Badges DAO?

Firstly, what is a DAO?

One of the major features of cryptocurrency is that it is decentralised. The decentralised nature of DAOs means they are not controlled by one institution. Inspired by the decentralised nature of cryptocurrencies, a group of developers came up with the idea for a decentralised autonomous organisation, or 'DAO', in 2016.

A 'DAO' is an organisation controlled by the organisation's members, and not influenced by any single individual or institution. It means all investors get a vote and lean on a democratic process to make decisions.

How does this apply to Honey Badges?

All royalties from secondary sales of Honey Badges NFTs (10%) will go into a DAO fund. This is a community managed wallet that will have the dedicated purpose of providing grants to change-makers worldwide. Each month the DAO will vote on where grants should be allocated. The power to vote gives all members of the Honey Badges community the ability to make a substantial difference in the lives of people working to make the world a better and more equal place.