Cryptocurrency Q&A What is DAO crypto used for?

What is DAO crypto used for?

KpopStarlet KpopStarlet Mon Nov 04 2024 | 7 answers 2158
I'm interested in understanding the utility of DAO crypto. Specifically, I want to know what it's commonly used for and its role in the decentralized finance ecosystem. What is DAO crypto used for?

7 answers

Eleonora Eleonora Wed Nov 06 2024
These votes are cast on crucial decisions within the ecosystem.

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SolitudeEcho SolitudeEcho Wed Nov 06 2024
The DAO token plays a pivotal role within the DAO Maker ecosystem.

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Alessandro Alessandro Wed Nov 06 2024
It serves as a governance token, empowering its holders.

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GeishaCharm GeishaCharm Wed Nov 06 2024
Holders of the DAO token are granted the right to vote.

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Alessandra Alessandra Tue Nov 05 2024
Beyond governance, the DAO token also functions as a utility token.

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