LunchDao(LUNCH) - Decentralized Autonomous Organizations(DAO)

 Decentralized Autonomous Organizations (DAOs) are online member-owned communities that are governed by consensus rather than centralized leadership. DAOs are exactly what their name implies, as they are:


Rules cannot be changed by a single person or centralized party because they are decentralized.

Without human intervention, votes are tallied and decisions are made based on logic written into a smart contract.

Organizations are entities that coordinate activity among a diverse group of stakeholders.

DAOs are an example of what is referred to as "on-chain governance." Companies, for example, have bylaws that dictate certain policies, such as how a board is elected, in traditional corporate governance. A DAO takes this concept and applies it to the digital realm by encoding these policies in smart contracts.


LunchDao(LUNCH)



Lunch Dao Token

LunchDao (LUNCH) is a community-driven DAO autonomous organization that raises target funds primarily by issuing the DAO governance token LUNCH and uses the funds raised to bid on "Buffett Lunch." Its goal is to persuade Buffett and the traditional financial firms that support him to enter the crypto industry. LunchDao went live on Juicebox on April 1st, with a total fundraising goal of 2,000 ETH. LunchDao has raised over 850 ETH (approximately $1.5 million) as of May 28, 00:00 UTC.


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