DAO stands for decentralized autonomous organization, an organization that is run through rules called “smart contracts.” The DAO doesn’t store cryptocurrency itself, but makes calculations as to how it should be distributed. The DAO calculates fee split payouts from coins stored in cold wallets held on-site at COSS headquarters. The calculated values are added to COSS wallets. If you choose to withdraw funds, those funds will come from a cold wallet.
Created by: Maria Popova
Modified on: Fri, 29 Jun, 2018 at 6:14 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.