There are exciting developments going on in the world of cryptocurrency, where decentralized autonomous organizations (DAOs) play a big role. In this article, we will take you through the DAO coins. These coins offer interesting opportunities for ordinary users, whether you are new to crypto or a seasoned investor. From platforms for exchanging digital assets to projects bringing art to the blockchain, we'll show you how these DAOs are turning the crypto world upside down.
Do you want to know more about DAO coins? Then read on!
1. UniSwap (UNI)
is a decentralized exchange platform built on the Ethereum network. Through UniSwap, users can directly trade digital assets without the intervention of a central authority.
UNI token holders have influence on decision-making within the platform. UNI also allows users to generate passive income through staking.
2. Lido DAO (LDO)
Lido DAO (LDO)
is a decentralized autonomous organization dedicated to creating and managing validators for Ethereum staking. Users of the Lido DAO network can stake ETH, receiving returns without having to maintain the network's infrastructure.
The LDO token is an ERC20 governance token. This means that the token is used to manage Lido DAO's platform.
3. Aragon (ANT)
is a platform that allows building decentralized autonomous organizations (DAOs). Aragon was created with the objective of making blockchain as easy as possible to implement within companies.
Through ANT tokens, users are granted voting rights in key decisions on the governance and development of the Aragon network.
4. Badger DAO (BADGER)
Badger DAO (BADGER)
is a decentralized autonomous organization (DAO) that aims to create the products and infrastructure needed to accelerate the use of Bitcoin as collateral on other blockchains. Badger DAO is a community-driven platform that stands for collaboration within the network.
Holders of the BADGER token get access to various benefits, such as earning rewards by participating in the ecosystem.
5. Curve DAO Token (CRV)
Curve DAO Token (CRV)
is a platform that focuses on liquidity optimization for stablecoin trading. Curve DAO Token's platform uses an Automated Market Maker (AMM). This allows users to trade against a liquidity pool.
The CRV token is the platform's governance token. Holders of the CRV token can vote on proposals and earn rewards by contributing to the platform.
6. Aave (AAVE)
is an open-source protocol that allows users to borrow and lend cryptocurrency. Aave is a DeFi protocol characterized by smart contracts built on the Ethereum network.
AAVE tokens allow users to make decisions on enhancements and changes within the protocol. AAVE token holders can also enjoy fees and other benefits.
7. Arbitrum (ARB)
is a scalability solution built on top of Ethereum to reduce transaction costs and increase throughput speeds using a unique technique. This technique uses so-called blockchain rollups. Arbitrum additionally uses another rollup technique, namely optimistic rollups. By means of this rollup, groups of transactions can also be processed offline, further enhancing Arbitrum's scalability.
Holders of ARB tokens give users a say in important decisions related to network upgrades and security.
8. SuperRare (RARE)
is a platform, based on Ethereum, for trading digital artifacts using blockchain technology to register ownership rights and confirm authenticity. SuperRare's marketplace allows users to buy and sell NFTs.
RARE tokens give users control over the platform and access to exclusive features and events.
9. Flamingo (FLM)
is a decentralized financial protocol that combines multiple financial tools into a common ecosystem that will be managed by its users through a decentralized autonomous organization (DAO).
FLM token holders can participate in the decision-making process and earn rewards through liquidity provision and other activities.
10. Ampleforth Governance Token (FORTH)
Ampleforth Governance Token (FORTH)
is a revolutionary concept in the world of cryptocurrency. The platform is designed as a decentralized stablecoin, distinguished from traditional cryptocurrencies by its unique elasticity.
FORTH tokens give holders the opportunity to vote on changes to the protocol and have a chance to win rewards generated by the system.