Question 1

What is the function of tokens in a DAO?

Accepted Answer

Tokens in a DAO, often referred to as governance tokens, serve multiple purposes. Primarily, they represent a member's voting rights within the DAO. The number of tokens a member holds often determines the weight of their vote on matters concerning the DAO's governance. Secondly, they can also provide financial incentives for token holders, either through rewards or through the appreciation of the token's value. However, the specific functionality of tokens can vary significantly between different DAOs.

Question 2

How do DAOs impact the decentralization of power in the blockchain ecosystem?

Accepted Answer

DAOs essentially distribute power among their members, thereby decentralizing decision-making. Traditional organizations often have a hierarchical structure, with decision-making powers concentrated in a few individuals. However, DAOs, underpinned by blockchain technology, allow for decision-making processes to be spread out among many members. In a DAO, governance decisions are made through consensus, and every member who holds tokens has a say in these decisions. This promotes transparency and participation, moving away from centralized control.

Question 3

Are there specific risks associated with investing in DAO tokens?

Accepted Answer

Yes, investing in DAO tokens does come with certain risks. As with any investment in the cryptocurrency space, price volatility is a significant factor. Additionally, because DAOs are a relatively new concept, they face legal and regulatory uncertainties. It's also possible for a DAO to be poorly managed or to fail to achieve its objectives, which could lead to a decline in the value of its tokens. Furthermore, DAOs and their tokens could be vulnerable to technical risks such as smart contract bugs. It's always important for potential investors to do thorough research and understand these risks before investing.

#	Name	Price	1h %	24h %	7d %	Market Cap	Volume(24h)	Circulating Supply
1755	Pillar PLR	$0.005665	0.07%	0.56%	2.10%	$1.47M$1,469,214	$240 42,297 PLR	259,348,201 PLR
1760	Hakka.Finance HAKKA	$0.00295	0.00%	0.86%	6.72%	$1.45M$1,454,964	--	493,150,039 HAKKA
1764	Idle IDLE	$0.1635	0.02%	0.08%	5.18%	$1.44M$1,443,769	$140 856 IDLE	8,831,592 IDLE
1770	Interlay INTR	$0.02121	0.16%	0.11%	3.94%	$1.42M$1,421,700	$61,908 2,918,414 INTR	67,020,251 INTR
1821	Eldarune ELDA	$0.01093	0.15%	9.58%	12.91%	$1.2M$1,200,039	$542,042 49,613,430 ELDA	109,840,284 ELDA
1839	The QWAN QWAN	$0.02552	3.91%	9.88%	117.03%	$1.11M$1,110,936	--	43,533,333 QWAN
1840	Reflexer Ungovernance Token FLX	$5.73	0.08%	1.10%	12.28%	$1.11M$1,110,442	$34,186 5,966 FLX	193,796 FLX
1863	pNetwork PNT	$0.0113	0.05%	3.09%	9.34%	$995,317.2$995,317	$51,367 4,547,400 PNT	88,113,273 PNT
1887	Residual Token eRSDL	$0.002129	0.03%	1.69%	1.88%	$937,524.22$937,524	$543 255,093 ERSDL	440,275,682 eRSDL
1905	Prism PRISM	$0.001529	0.07%	0.47%	8.11%	$882,355.32$882,355	$3,810 2,492,283 PRISM	577,152,438 PRISM
	Odin ProtocolODIN	$0.04
	The Unfettered EcosystemSOULS	$0.00
	Avocado DAO TokenAVG	$0.03
	OpiumOPIUM	$0.15
	BendDAOBEND	$0.00
	ParachutePAR	$0.00
	KaratKAT	$0.00
	OctoFiOCTO	$0.44
	SwerveSWRV	$0.02
	DuckDaoDimeDDIM	$0.25
	YFDAI.FINANCEYF-DAI	$42.56
	FYDcoinFYD	$0.00
	Governor DAOGDAO	$0.05
	EasyFiEZ	$0.02
	Duck DAO (DLP Duck Token)DUCK	$0.00
	JigstackSTAK	$0.00
	Decentral Games ICEICE	$0.00
	S.FinanceSFG	$0.00
	Prisma FinancePRISMA	$0.09
	K9 FinanceKNINE	$0.00
	XDAOXDAO	$0.67
	MarinadeMNDE	$0.13
	AnonANON	$0.01
	VitaDAOVITA	$2.43
	AutonioNIOX	$0.00
	OrdifyORFY	$0.51
	Index CooperativeINDEX	$5.07
	AxonDAO Governance TokenAXGT	$0.16
	Inery$INR	$0.01
	BitDAOBIT	$0.99
	AptosLaunch TokenALT	$0.02
	ItheumITHEUM	$0.01
	Fathom ProtocolFTHM	$0.06
	Stratis [Old]STRAX	$0.08
	KintsugiKINT	$0.69
	InstadappINST	$2.39
	DAO InvestVEST	$0.01
	JPEG'dJPEG	$0.00
	Jones DAOJONES	$0.68
	AladdinDAOALD	$0.05
	TruePNLPNL	$0.03
	Gold DAOGLDGOV	$0.07
	DAOLaunchDAL	$0.02
	Unique Venture ClubsUNQ	$0.00
	AETAET	$0.40
	YAM V1YAM	$0.10
	Glint CoinGLINT	$0.22
	Abel financeABEL	$0.01
	SneedSNEED	$123.06
	Friends With Benefits ProFWB	$4.76
	BitoniteBIT	$0.37
	Dope Wars PaperPAPER	$0.01
	Battle SagaBTL	$0.00
	cVault.financeCORE	$6864.11
	ConvergenceCVG	$0.23
	BOOM DAOBOOM	$0.00
	Bancor Governance TokenVBNT	$0.60
	Crypto Global UnitedCGU	$0.00
	DXdaoDXD	$203.99
	governance ZILGZIL	$4.26
	A51 FinanceA51	$0.18
	8Bit ChainW8BIT	$0.00
	PayvertisePVT	$0.00
	DextokenDEXG	$22.81
	AlgoGemsGEMS	$0.03
	Bankless DAOBANK	$0.00
	PhoenixCo TokenXPHX	$0.01
	Kyber Network Crystal LegacyKNCL	$0.54
	DAOstackGEN	$0.01
	Digix Gold TokenDGX	$51.06
	PoolTogetherPOOL	$0.58
	DAOhausHAUS	$1.00
	Raid TokenRAID	$0.00
	0xDAOOXD	$0.00
	stoicDAOZETA	$0.00
	ArithFiATF	$0.03
	Yak DAOYAKS	$0.16
	CreditbitCRB	$--
	Decision TokenHST	$--
	HyperDAOHDAO	$--
	Aragon CourtANJ	$--
	DFOhubBUIDL	$--
	PieDAO USD++USD++	$--
	DMM: GovernanceDMG	$--
	YF LinkYFL	$--
	Based Money$BASED	$--
	RebasedREB2	$--
	YAM V2YAMV2	$--
	EncointerEncointer	$--
	yfBetaYFBETA	$--

Top DAO Tokens by Market Capitalization