Top 3 Decentralised Autonomous Organisation Tokens

3 years ago
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The rules governing how the DAO operates are encoded as a computer program that is controlled by the organization’s members, transparent and not determined by a central authority. DAOs utilize blockchain technology for keeping track of transactional records. A DAO is administered through a governance token which means that those who own that token have voting rights and can submit proposals for the DAO to vote on.

The top 3 most popular DAO tokens by market capitalization are:

1) Uniswap (UNI)
Uniswap provides a solution to the problem of liquidity and aims to make it possible for users to trade tokens in an automated and decentralized fashion. UNI tokens help govern the Uniswap protocol. UNI tokens are available for trading on exchanges such as Coinbase, Binance, OKEx, and Bithumb.

2) Aave (AAVE)
Aave is an open-source, decentralized lending protocol and non-custodial money market platform built on Ethereum. Aave’s automated functions include determining the lending rates and matching lenders to borrowers.
Aave DAO is governed and operated by AAVE token holders who vote on changes to the protocol. AAVE is an ERC-20 token that can be traded on many exchanges including FTX, Huobi and Binance.

3) Maker (MKR)
MakerDAO is a decentralized governance community that manages the generation of Dai which is a decentralized stablecoin or collateral-backed crypto asset with a value that is soft-pegged to the US Dollar. The Maker Protocol is one of the most used DApps on Ethereum and consists of a set of smart contracts that make the minting of Dai possible. MKR tokens can be traded on Uniswap, Coinbase, Binance, OKEx and other exchanges.

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