Use Case Example:
In 2022, DAO-constructor XDAO started cooperation with PARQ, a mixed-use residential and commercial real estate complex. Both platforms are committed to launching the PARQ token, which unlocks membership in the project's DAO for holders.
The token holders will be able to pay for goods and services within the complex using PARQ tokens. In addition, they will actually "own" the relevant real estate as long as the stake in the coins of the complex is maintained.
In the future, token holders, and hence DAO participants, will be able to vote and make decentralized decisions on the development of the PARQ complex.
Example:
In case more than 50% of PARQ token holders decide to update the functionality of the residential complex by voting, the update process will be automatically initiated.
All details of the agreement, voting rules, and the percentage of votes at which the DAO decision is made are also written in the smart contract. After its launch, the smart contract can only be changed by a collective vote of the DAO.
PARQ Example: token holders retain the rights of DAO members and continue to “own” real estate.
PARQ Example: DAO members can vote to update the rules of the complex, nominate a new manager, or, for instance, repair the utility rooms.