Parachute

DAOS (Decentralized Autonomous Organizations) are member owned communities, where token holders have the ability to collaborate, coordinate, and shape the direction of the organization they belong to. It’s a big idea. One that projects like DxDAO, 1Hive, Uniswap, and others have pioneered to bring the ultimate power of decentralized protocols to foster organizing and operating by the involved communities.

DAOs unlock access that traditional structures do not. They create a sovereign collective, where all are equal and heard. They let token holders propose and vote on new products, partnerships, funding, governance of a company. DAOs require active participation rather than passive participation. DAOs allow new ideas and developers to enter the ecosystem, while allowing organizations to move forward in ways beyond the bottleneck of traditional company structures.

DAOs have less hierarchy than companies, participation in governance is defined by your stake of governance tokens, as well as concepts like reputation and time in governance. For the founders, our participation will be dictated only by our own holdings and and active participation in new proposals. To drive Parachute forward, all holders, including its founders, will use PAR as a key tool in governance.

For Parachute, our journey has always been to here. Since inception, we’ve fostered open discussion, exploration, and supported endless branches of idea with anyone who was willing to show interest. In this final phase of progressive decentralization, we unlock the power of 6,500 PAR holders to participate actively in the future of Parachute.