DAOs or decentralised autonomous organisations are infrastructures that can be used to govern a crypto project. 

It helps the project to be kept decentralised so there is no centralised authority that decides everything about the project, where it might lead to decisions that are not necessarily in the interest of the users. 

Even though it is great, DAOs cannot be considered a commonly known infrastructures in the tech space, especially when the ones using and developing it does not have a background in the Web3 space. 

Thankfully, along the development of crypto, developers have helped each other with open source codes that can be used by other developers to create their own project. 

But this is not always enough as the complicated matter of crypto most times confuses new developers. 

This is where tools come into play as there are now many tools that can help developers do all sorts of things in the crypto space, including building a DAO. 

The tool that we will be talking about today is Tally, a DAO development tool that can be used to create your own DAO. 

What is Tally?

Tally is an all in one platform for DAO development, from creating, to marketing, and even funding.

There are already more than 500 DAOs running on the platform which is evident of how credible and trusted the platform is. 

The platform can not only be used by developers but also by users, as the DAO itself will have a domain that is connected to the Tally platform site. 

Users can interact with the DAO through voting from the DAO page that this platform has provided as well as for developers that want to create a DAO. 

Through the platform developers can create a DAO from scratch, so this platform is good, especially for meme coins that has no utilities yet and wants to develop it to a community based project which typically involves a DAO. 

Other than voting, users can also upload proposals on this platform, which means that there is no need for another domain or another DApp to run the DAO because everything can be done from Tally. 

Tally itself is already backed by several venture capitals, such as Blockchain Capital, Castle Island Ventures, and more. 

For developers, this platform can be used to manage the DAO, including managing the treasuries fund and asking for funding which might involve talking to the venture capitals that are backing the Tally Platform. 

How Can I Use It?

As a developer, the great thing about this platform is that, when you want to start creating a DAO, all you need to do is click the “Add a DAO” button located on the top of the site. 

After clicking it, you will be redirected to a page where it shows what the platform can offer as well as the requirements that are needed to use Tally. 

The cool thing about Tally is that it mostly focuses on layer two blockchains on the Ethereum Ecosystem which means that most of them are Ethereum Virtual Machine based or EVM Based. 

This means that there is a possibility to create a DAO that will run on other EVM blockchains such as BNB Chain, but no one has tried it yet as most that have been running are DAOs on the Ethereum Ecosystem.

The other thing to look at is the capability to create a DAO based on both ERC20 Tokens and ERC721 Tokens. 

This means that the token that is used to govern the DAO can be a regular crypto token or an NFT which is a Non Fungible Token, usually involving an artform. 

Because of this, many teams that have created their own NFT collections can create a DAO to help create a utility on the NFTs that have been minted. 

There are also tools and resources that can be read and used to create the DAO itself and the community around it so that more people can get into the project. 

Aside from that, there is also a marketing tool on the platform to let other people know about your DAO so that there will be more members on your platform. 

Talking about the requirements of this platform, one thing to note is that you have to already have a token contract and a governor contract before using this platform as it is not a virtual machine that can deploy any types of smart contract. 

But overall, the platform is pretty much complete, but there is still one thing missing, which is the adoption of ERC404. 

There are no DAO tools that adopt the ERC404 standard yet on Tally, which is the disadvantage of the platform. 

But, considering that the token standard is still new, then it might be possible that Tally will adopt it in the future, but as of right now there is no talk of it yet. 

If you are a new developer, consider giving this platform a try as it has all the necessary resources and guides that you can use to build your own DAO.