A DAO is, an internet community with a shared bankless account.
DAOs have a commitment to share ownership and direction with the community by seeking to provide members with a voice through governance. The result is a flattening of hierarchies and creation of fluid work streams. To achieve their core mission, DAOs distribute ownership of merit to participants instead of giving a salary. These Tokens can be sold, but DAOs are finding creative ways to design their Tokenomics (Token Economies) as to incentivize the token holder to stake or pool their liquidity usually for a high return (Yield) instead of selling it at face value.
Find out more on the tools used and existing DAOs at :
https://deepdao.io/organizations