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
1754	Pillar PLR	$0.005657	0.43%	0.09%	2.25%	$1.47M$1,467,077	$239 42,251 PLR	259,348,201 PLR
1765	Idle IDLE	$0.1634	0.43%	0.07%	5.85%	$1.44M$1,443,437	$46 282 IDLE	8,831,592 IDLE
1766	Hakka.Finance HAKKA	$0.002925	0.00%	1.26%	7.47%	$1.44M$1,442,628	--	493,150,039 HAKKA
1769	Interlay INTR	$0.02116	0.03%	4.89%	0.39%	$1.42M$1,417,957	$77,149 3,646,459 INTR	67,020,251 INTR
1812	Eldarune ELDA	$0.01122	0.17%	7.94%	16.24%	$1.23M$1,232,137	$472,130 42,088,575 ELDA	109,840,284 ELDA
1813	The QWAN QWAN	$0.02829	0.56%	0.03%	140.77%	$1.23M$1,231,488	--	43,533,333 QWAN
1842	Reflexer Ungovernance Token FLX	$5.67	0.02%	1.23%	12.01%	$1.1M$1,098,517	$34,541 6,094 FLX	193,796 FLX
1855	pNetwork PNT	$0.01149	0.10%	3.26%	10.10%	$1.01M$1,012,405	$66,543 5,791,466 PNT	88,113,273 PNT
1884	Residual Token eRSDL	$0.002128	0.15%	0.85%	2.28%	$937,048.82$937,049	$543 254,991 ERSDL	440,275,682 eRSDL
1913	Prism PRISM	$0.001468	0.30%	12.46%	15.61%	$847,232.4$847,232	$6,345 4,322,221 PRISM	577,152,438 PRISM
	The Unfettered EcosystemSOULS	$0.00
	Avocado DAO TokenAVG	$0.03
	Odin ProtocolODIN	$0.04
	OpiumOPIUM	$0.15
	BendDAOBEND	$0.00
	ParachutePAR	$0.00
	KaratKAT	$0.00
	OctoFiOCTO	$0.44
	SwerveSWRV	$0.02
	DuckDaoDimeDDIM	$0.25
	YFDAI.FINANCEYF-DAI	$41.39
	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	$0.10
	K9 FinanceKNINE	$0.00
	XDAOXDAO	$0.68
	MarinadeMNDE	$0.13
	VitaDAOVITA	$2.42
	AnonANON	$0.01
	AutonioNIOX	$0.00
	OrdifyORFY	$0.51
	Index CooperativeINDEX	$5.04
	AxonDAO Governance TokenAXGT	$0.16
	Inery$INR	$0.01
	BitDAOBIT	$0.99
	ItheumITHEUM	$0.01
	Stratis [Old]STRAX	$0.08
	Fathom ProtocolFTHM	$0.06
	AptosLaunch TokenALT	$0.01
	InstadappINST	$2.36
	DAO InvestVEST	$0.01
	JPEG'dJPEG	$0.00
	Jones DAOJONES	$0.68
	KintsugiKINT	$0.72
	AladdinDAOALD	$0.05
	TruePNLPNL	$0.03
	Gold DAOGLDGOV	$0.07
	AETAET	$0.40
	DAOLaunchDAL	$0.02
	YAM V1YAM	$0.10
	Unique Venture ClubsUNQ	$0.00
	Glint CoinGLINT	$0.22
	Abel financeABEL	$0.01
	SneedSNEED	$122.20
	Battle SagaBTL	$0.00
	Friends With Benefits ProFWB	$4.77
	ConvergenceCVG	$0.23
	cVault.financeCORE	$6829.16
	BOOM DAOBOOM	$0.00
	Bancor Governance TokenVBNT	$0.60
	Crypto Global UnitedCGU	$0.00
	governance ZILGZIL	$4.26
	DXdaoDXD	$203.70
	A51 FinanceA51	$0.18
	PhoenixCo TokenXPHX	$0.01
	PayvertisePVT	$0.00
	DextokenDEXG	$22.76
	AlgoGemsGEMS	$0.03
	Bankless DAOBANK	$0.00
	BitoniteBIT	$0.22
	8Bit ChainW8BIT	$0.00
	Kyber Network Crystal LegacyKNCL	$0.54
	DAOstackGEN	$0.01
	Digix Gold TokenDGX	$50.45
	PoolTogetherPOOL	$0.58
	DAOhausHAUS	$1.00
	Raid TokenRAID	$0.00
	Dope Wars PaperPAPER	$0.01
	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