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

# What is DAO?

**Decentralized Autonomous Organizations (DAOs) are on-chain organizations that utilize decentralized voting to coordinate pools of capital and people.** A top priority for DAOs is to engage contributors (people), direct and inspire their work on the creation of new intellectual property, and compensate them for their work.