Question 1

What does DAO stand for?

Accepted Answer

Decentralized Autonomous Organization

Answer

Digital Administration Office

Answer

Decentralized Application Object

Answer

Distributed Authority Online

Question 2

In a DAO, how are decisions typically made by members?

Accepted Answer

collectively

Answer

individually

Answer

randomly

Answer

hierarchically

Question 3

What technology is utilized in DAOs for members to make decisions collectively?

Accepted Answer

smart contracts

Answer

traditional contracts

Answer

handshakes

Answer

verbal agreements

Question 4

What can people do within a DAO?

Accepted Answer

Vote on proposals

Answer

Mine Bitcoin

Answer

Trade stocks

Answer

Buy and sell cryptocurrencies

Question 5

What role does blockchain technology play in a DAO?

Accepted Answer

Ensuring transparency and immutability

Answer

Facilitating centralized control

Answer

Enhancing anonymity and secrecy

Answer

Enabling offline decision-making

Question 6

Which DAOs are known for collaborating on social responsibility projects?

Accepted Answer

Philanthropy DAOs

Answer

Music DAOs

Answer

Fashion DAOs

Answer

Gaming DAOs

Question 7

What are some examples of Protocol DAOs focused on DeFi governance?

Accepted Answer

MAKER DAO and UNISWAP

Answer

Amazon and Google

Answer

Facebook and Twitter

Answer

Apple and Microsoft

Question 8

Which DAO gets funds for early-stage crypto projects?

Accepted Answer

Investment DAOs

Answer

TradFi DAOs

Answer

DeFi DAOs

Answer

Collector DAOs

Question 9

What is one key aspect of working for a DAO that sets it apart from traditional work environments?

Accepted Answer

Ability to vote on proposals

Answer

Limited scope of responsibilities

Answer

Lack of decision-making power

Answer

Strict hierarchy

Question 10

Which DAOs did our speakers for this session come from?

Accepted Answer

Good DAO & CELOAFRICA DAO

Answer

CELO DAO & Good DAO

Answer

Mento DAO & HaloFi DAO

Answer

HaloFi DAO & CELO DAO

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