$VNN is also a governance token that allows holders to participate in governance activities
The VINU DAO is built specially for our $VNN holders and operates under the shared goal of providing each holder an equal say in decision-making, regarding matters such as policy updates, jointly owned property, future auctions, and the overall ecosystem. The DAO system ensures that the main contributors to this platform – the $VNN token holders, are in control. As the DAO holds great power and responsibility likewise, $VNN holders are advised to exercise their right to vote, in order to build the best VINU SPACE that we all collectively envision.
A Decentralized Autonomous Organization is a group of people without a central leader dictating their decisions. It is a completely flat hierarchy, and is built on the blockchain using smart contracts. To become a member of a DAO, you are required to acquire the governance token (in this case, the $VNN token) which automatically gives you the ability to vote on important decisions regarding the ecosystem. A DAO can be made up of people from around the world, and they communicate through ecosystem-specific channels.