ØxPoints is not controlled by anyone , it runs autonomously . It allows people who hold DAO tokens to vote on different proposals with their tokens; this way every holder can have a say about what direction the company takes. It will also allow users to participate in the various membership-tier based rewards.
Because there are no humans involved in governing ØxPoints, decisions such as dispute resolution, cheater bans and other community management elements are quick and easy to make. These decisions would take a typical board of directors lots of time, resources and legal trouble to accomplish.
Combining a membership organization structure where people can join and become members of ØxPoints is a game changer. Membership organizations are the most common type of organization and most people likely already belong to at least one.
Membership organizations are groups that have individual members who pay dues or fees to the group in order to gain support for various causes. Membership organizations can include everything from formal clubs, churches, and political parties all the way up to large professional associations like the American Bar Association (ABA) or The American Medical Association (AMA).
Membership organizations can be categorized as follows:
- Voluntary - External
- Non-governmental organizations (NGO)
- National non-profit organizations (NPO)
- Academic/professional associations or societies
- Labor unions
Clubs & community DAOs are becoming more common among these types of organizations because there is less liability associated with DAO's than their traditional counterparts, who have to take into account business law and governance. DAOs do not necessarily follow traditional legal structures and can be more flexible in how they operate.
DAOs usually allow their members to choose governance models like liquid democracy, futarchy or other governance models that are built on blockchains. DAOs also have the advantage of having no need for paid staff to run them as they are decentralized organizations governed by their members through blockchain technology.