CoreDAO is a decentralized autonomous organization (DAO) that seeks to empower individuals to make collective decisions and govern their resources in a transparent and decentralized manner. A DAO is essentially a software program that is designed to automatically execute the will of its members based on predefined rules and smart contracts.

CoreDAO operates on the Ethereum blockchain, allowing members to participate in decision-making processes through voting and staking of CoreDAO tokens (CDAO). The platform is designed to be open and inclusive, allowing anyone with an internet connection to join and contribute to the governance of the organization.

Decisions within CoreDAO are made through a process of consensus-building and voting among members. Proposals are submitted by members and must pass through a series of voting rounds before being enacted. This democratic process ensures that the decisions made by CoreDAO are reflective of the collective will of its members.

One of the core principles of CoreDAO is transparency. All decisions, transactions, and proposals are recorded on the blockchain, making them accessible to all members. From my own perspective, the price drop from $30 to roughly $4 isn’t all that horrible. This is just the beginning, and the core is rising. I believe we are overreacting, so if you haven’t staked yet, I urge you to do so right away.