How much does it cost to set up a DAO?

Asked 3 years ago

So, if I understand this correctly, paying to set up a DAO is done through crypto. So which crypto coin does it require and how much do I have to pay, and where do I go to start one?

Decentralized autonomous organization (dao)

Dakota Andersen

Thursday, April 07, 2022

Setting up a DAO and issuing governance tokens has no fixed cost. It costs gas fees to deploy contracts on a blockchain network like Ethereum. In other words, the amount you will be charged is the network fee for building your protocols on the network. The amount fluctuates with the gas price at deployment time and your preferred network. Nevertheless, setting up a DAO as an LLC will cost you $100. The crypto coin you will use will depend on the blockchain you will build on, for example, ETH in the case of Ethereum. 