How much does it cost to set up a DAO?
Asked 4 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?
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.
Please follow our Community Guidelines
Related Articles
Smart Contracts in Blockchain: What They Are and How They Work
Josiah Makori
February 28, 2022
Are NFTs a Good Investment?
David Akilo
April 30, 2022
Overview of the Polkadot Ecosystem
Marcel Deer
August 22, 2022
Related Posts
Filip Dimkovski
8 Types of DAOs You Can Create Using Moralis
Marcel Deer
What Is Protocol Owned Liquidity?
Filip Dimkovski
Advantages and Disadvantages of DAOs
David Akilo
Are DAOs Established Legal Entities?
Can't find what you're looking for?