A DAO, or Decentralized Autonomous Organization, is a community-led entity with no central authority. There is no board of directors, central management or hierarchy. Instead, a DAO is a leaderless collective, democratically run by the participating community.

DAO’s are fully autonomous and transparent. The foundational rules are coded into smart contracts to execute agreed upon decisions. At any point, proposals, voting, and even the very code itself can be publicly audited.

To participate in a DAO, members add funds and the DAO will provide tokens, allowing them to propose projects and giving them voting rights. A healthy DAO means an actively governing community creating proposals, voting and increasing the value of the DAO tokens.

The elegance of a DAO is thus in the alignment of incentives - it’s in each member’s best interest to create value for the DAO, to be forthright in their voting and only approve proposals that serve the best interest of the DAO itself.

DAO’s aren’t a novelty, or a passing fad. They are simply the embodiment of a core belief: that in every organization, those who are creating value should also have a say, an ownership stake and an opportunity to profit proportionately from their inputs and efforts.

The Tokes DAO places the future of cannabis firmly in the hands of the collective. Together we imagine and invest in ways to elevate every aspect of the cannabis chain.

We envision crafting the future through supporting local craft cultivars, finding the most sustainable and healthy ways to develop land and paying attention to our effect on the planet. Together we can imagine new experiences, elevate the standard of craft in seeds and plants and bring forth the products we want, merging on and offline and opening new possibilities for ourselves and others.

From these cornerstones, the Tokes DAO will craft the future for the collective benefit of those who take the time to imagine and curate what could be.

Token holders in the Tokes DAO bring forth new ideas and proposals and use their voting rights to make them a reality. Over time, we can build momentum for the profit of every active member and bring forth the sustainable, exciting industry we deserve.