> For the complete documentation index, see [llms.txt](https://blockchain-leaks-hub.gitbook.io/smart-elephant-exclusive-club/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://blockchain-leaks-hub.gitbook.io/smart-elephant-exclusive-club/faqs/guides/what-is-dao.md).

# What is DAO?

DAO (Decentralized Autonomous Organization) as an organization represented by rules encoded as a transparent computer program (Smart Contract), controlled by the organization members, and not influenced by a central government. As the rules are embedded into the code, no managers are needed, thus removing any bureaucracy or hierarchy hurdles.