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343 | 343 | "i002-c-label": "Ventures and grants, pool capital and vote on projects to fund",
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344 | 344 | "i002-c-explanation": "Venture or grants DAOs are one example, but DAOs are not limited to that.",
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345 | 345 | "i002-d-label": "All of the above",
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346 |
| - "i002-d-explanation": "A DAO can have a multitude of 'missions'. Check out the resources to find practical examples.", |
| 346 | + "i002-d-explanation": "A DAO can have a multitude of 'missions'.", |
347 | 347 | "i003-prompt": "Unlike traditional organizations, DAOs are…",
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348 | 348 | "i003-a-label": "Usually hierarchical",
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349 | 349 | "i003-a-explanation": "DAOs are usually flat, and fully democratized.",
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350 | 350 | "i003-b-label": "Transparent and fully public about their activities",
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351 |
| - "i003-b-explanation": "Thanks to on-chain voting, decisions are transparent on the blockchain. Discussions and other elements of the decision-making process are usually open as well.", |
| 351 | + "i003-b-explanation": "Thanks to on-chain voting, decisions are transparent on the blockchain. Discussions and other elements of the decision-making process are open to all members.", |
352 | 352 | "i003-c-label": "Controlled by a central party",
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353 | 353 | "i003-c-explanation": "Changes require voting by the members. Services offered are handled automatically in a decentralized manner.",
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354 | 354 | "i003-d-label": "Restricted regarding who can suggest changes",
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355 | 355 | "i003-d-explanation": "Usually, every DAO member can suggest changes.",
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356 | 356 | "i004-prompt": "What is essential about Smart Contracts for DAOs?",
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357 | 357 | "i004-a-label": "The Smart Contract code can be modified",
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358 | 358 | "i004-a-explanation": "Once the contract is live on Ethereum, no one can change the rules except by a vote. This allows the DAO to run by the rules it was programmed with.",
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359 |
| - "i004-b-label": "One DAO member gets the right to spend money from the treasury", |
| 359 | + "i004-b-label": "It has an individual owner who retains authority to make changes and send from the treasury.", |
360 | 360 | "i004-b-explanation": "The treasury is defined by the smart contract. To spend money, the group's approval is needed.",
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361 | 361 | "i004-c-label": "Trust in the underlying blockchain due to a distributed consensus",
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362 | 362 | "i004-c-explanation": "It’s important for a DAO that the underlying blockchain cannot be manipulated. Ethereum’s own consensus is distributed and established enough for organizations to trust the network.",
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