> For the complete documentation index, see [llms.txt](https://wonderlive.gitbook.io/welcome/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wonderlive.gitbook.io/welcome/token-economy/token-utility/dao.md).

# DAO

Decentralized Autonomous Organization

We are going further than just monetization — we believe that creators should be in charge of how the platform their creations live on is developing. This is why we introduced WONDER as both a future in-app currency and a governance token — in other words, we are bringing the decision-making power back to the users.

Using a blockchain-based, in-platform currency like WONDER does help us to create a more engaging, secure, and transparent virtual environment for all the platform participants.

 But decentralized ledger technology offers an even broader opportunity — the creation of a Decentralized Autonomous Organization (DAO). These organizations are governed by computer code (smart contracts).

As such, DAOs have the ability to work autonomously, without the involvement of a central authority. At Wonderlive, we believe that users should have a say when it comes to product development and community decision. After all, this is the essence of the Web3.0!

Our DAO is structured as a token-based membership. This means that users holding WONDER can vote on different plans and decisions, as well as submit proposals. 

**Exclusive NFT collections**

WONDER holders can vote on special edition NFT collections prepared in partnership with world-class brands and artists.

**Submission of proposals**

Every Wonderlive users holding WONDER can submit pre-proposals to the Council. These proposals can target any aspect of the product or community management.

**Council participation**

Participants with a significant stake of WONDER can join the Council. The council holds proposal rights over the DAO. This group acts as a filter for malicious proposals.