# What is GemDao **Before you want to know what is GemDao - You should read about DAO first** DAOs are an effective and safe way to work with like-minded folks around the globe. Think of them like an internet-native business that's collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice. No CEO can authorize spending based on their whims and no chance of a dodgy CFO manipulating the books. Everything is out in the open and the rules around spending are baked into the DAO via its code. ![](/files/F6DhOyBX2V5ee4VPUA3y) **What is GemDao?** GemDAO is a groundbreaking support protocol built on Binance Smart Chain, operating as Decentralized Autonomous Organization (DAO), targeting everyone who loves meme projects on launchpads such as Pinksale, Gempad, Unicrypt… GemDAO is developed with the team's desire to build an ecosystem to help the GemDAO's community easily evaluate, access, and invest in projects supported by GemDAO or the community's choice**.** With an open financial vision and a decentralized crypto economy, GemDAO will be dubbed a DeFi 2.0 project based on the success of the memecoin community and will allocate huge resources to support its development. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://gemdao.gitbook.io/whitepaper/what-is-gemdao.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.