Starting a DAO can be a daunting task for those who are new to the concept. Once you understand the basics of a DAO you can begin to form a plan for how you want to set up your own. There is no one size fits all approach, but each DAO that is established shares commonalities.

DAOs are a “buzzy” term that many projects use to describe themselves. There is no perfect way to define a DAO and that makes them ambiguous and susceptible to misinterpretation.