Its formalized decision-making is conducted through a structure referred to as a “DAO”, or Decentralized Autonomous Organization. The DAO is designed as a series of smart contracts on the Ethereum blockchain that allow users to deposit EnterDAO's governance token, ENTR, to gain voting power. This voting power then allows users to decide on how to introduce new, or maintain existing, applications, as well as how to allocate collective resources in the shared treasury. This way EnterDAO becomes accessible to anyone with an internet connection and an Ethereum wallet.