ShintoSanctum
Sun May 19 2024
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7 answers
1572
What is DAO for beginners?
Hey there, I'm new to the world of cryptocurrencies and decentralized organizations. Could you explain to me what DAO stands for and what it's all about? I've heard a lot about it recently but I'm still a bit hazy on the concept. Is it a type of company? A way to invest? Or something else entirely? I'd really appreciate if you could break it down for me in a simple and understandable way. Thanks in advance!
CryptoAce
Thu May 16 2024
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6 answers
1403
Is DAI a Dao?
I'm curious, is DAI considered a Dao? I've been hearing a lot about decentralized finance and smart contracts, and DAI seems to be a key player in this space. But does it fit the definition of a Dao? I understand DAOs are organizations that are governed by a set of rules encoded on a blockchain, but how does DAI fit into that picture? Is it more of a utility token or does it have governance capabilities like a traditional Dao? I'm trying to wrap my head around this concept and I'm hoping you can clarify this for me.
