DAOs (Decentralized Autonomous Organizations) MCQs

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1. : What does DAO stand for?





2. : DAOs operate primarily on which technology?





3. : What is the key feature of a DAO?





4. : Members of a DAO usually hold?





5. : The very first DAO launched on Ethereum in 2016 was simply called?





6. : What happened to “The DAO” in 2016?





7. : DAOs enable decisions to be made through?





8. : The hack of The DAO in 2016 led to which major blockchain event?





9. : Which blockchain hosts the majority of DAOs?





10. : DAOs are considered an evolution of?





11. : What is required to participate in DAO governance?





12. : Which popular DAO focuses on stablecoin governance?





13. : In DAOs, proposals are executed if?





14. : Which DAO manages the DAI stablecoin?





15. : What is the advantage of DAOs compared to corporations?





16. : A DAO’s funds are controlled by?





17. : Which DAO governs the largest decentralized exchange?





18. : What is a “governance token”?





19. : DAOs are usually governed by?





20. : Which DAO was created for venture funding?





21. : The DAO hack in 2016 resulted in a split between?





22. : DAOs rely on what for automation?





23. : Which DAO manages lending and borrowing protocols?





24. : The main challenge DAOs face is?





25. : Which DAO governs the decentralized lending protocol Aave?





26. : The governance process in DAOs is usually?





27. : Curve DAO is focused on?





28. : What was the main cause of The DAO hack?





29. : Which DAO raised $11 million in 2019 for DeFi funding?





30. : What is a benefit of DAO token-based voting?





31. : Which platform allows anyone to create DAOs?





32. : DAOs eliminate the need for?





33. : Which DAO was formed to buy a rare copy of the U.S. Constitution?





34. : The term “on-chain governance” in DAOs refers to?





35. : Which DAO distributes grants for Ethereum projects?





36. : Which DAO model pools capital to invest in assets?





37. : A disadvantage of DAOs is?





38. : Which DAO governs SushiSwap?





39. : What is quorum in DAO governance?





40. : DAOs help reduce?





41. : Which DAO was created to support women-led blockchain projects?





42. : Which type of DAO focuses on play-to-earn games?





43. : What does “DAO treasury” mean?





44. : Which DAO model focuses on NFT communities?





45. : How are DAO decisions enforced?





46. : DAOs are most closely associated with?





47. : Which DAO governance issue is common?





48. : What was ConstitutionDAO’s purpose?





49. : DAOs are expected to shape the future of?





50. : The main principle behind DAOs is?





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