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
1760	Pillar PLR	$0.005622	0.67%	0.24%	1.26%	$1.46M$1,457,962	$234 41,673 PLR	259,348,201 PLR
1764	Hakka.Finance HAKKA	$0.002926	0.00%	0.01%	7.48%	$1.44M$1,442,833	$0 96 HAKKA	493,150,039 HAKKA
1766	Idle IDLE	$0.1631	0.22%	0.08%	4.71%	$1.44M$1,440,063	$140 857 IDLE	8,831,592 IDLE
1770	Interlay INTR	$0.02117	0.55%	1.50%	4.54%	$1.42M$1,418,982	$58,530 2,764,434 INTR	67,020,251 INTR
1820	Eldarune ELDA	$0.01092	0.24%	4.64%	14.88%	$1.2M$1,199,601	$538,870 49,341,076 ELDA	109,840,284 ELDA
1835	Reflexer Ungovernance Token FLX	$5.78	0.90%	1.78%	12.92%	$1.12M$1,120,854	$33,739 5,834 FLX	193,796 FLX
1842	The QWAN QWAN	$0.02479	1.17%	12.96%	99.61%	$1.08M$1,079,208	--	43,533,333 QWAN
1864	pNetwork PNT	$0.01132	0.01%	3.56%	12.40%	$997,839.16$997,839	$53,742 4,745,636 PNT	88,113,273 PNT
1890	Residual Token eRSDL	$0.002125	0.25%	1.20%	2.13%	$935,598.09$935,598	$189 89,133 ERSDL	440,275,682 eRSDL
1901	Prism PRISM	$0.00155	0.41%	4.59%	6.60%	$894,794.31$894,794	$6,118 3,946,200 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	$0.01
	DuckDaoDimeDDIM	$0.25
	YFDAI.FINANCEYF-DAI	$39.60
	FYDcoinFYD	$0.00
	EasyFiEZ	$0.02
	Governor DAOGDAO	$0.05
	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
	AnonANON	$0.01
	VitaDAOVITA	$2.44
	AutonioNIOX	$0.00
	OrdifyORFY	$0.51
	Index CooperativeINDEX	$5.11
	Inery$INR	$0.01
	AxonDAO Governance TokenAXGT	$0.16
	BitDAOBIT	$0.99
	Fathom ProtocolFTHM	$0.06
	ItheumITHEUM	$0.01
	AptosLaunch TokenALT	$0.01
	InstadappINST	$2.39
	Stratis [Old]STRAX	$0.08
	KintsugiKINT	$0.68
	JPEG'dJPEG	$0.00
	Jones DAOJONES	$0.68
	AladdinDAOALD	$0.05
	TruePNLPNL	$0.03
	DAOLaunchDAL	$0.02
	Unique Venture ClubsUNQ	$0.00
	YAM V1YAM	$0.10
	AETAET	$0.40
	Glint CoinGLINT	$0.21
	Gold DAOGLDGOV	$0.07
	Abel financeABEL	$0.01
	Friends With Benefits ProFWB	$4.78
	ConvergenceCVG	$0.24
	BitoniteBIT	$0.37
	Dope Wars PaperPAPER	$0.01
	SneedSNEED	$122.84
	cVault.financeCORE	$6860.73
	BOOM DAOBOOM	$0.00
	Battle SagaBTL	$0.00
	PhoenixCo TokenXPHX	$0.01
	Bancor Governance TokenVBNT	$0.59
	Crypto Global UnitedCGU	$0.00
	DXdaoDXD	$202.40
	governance ZILGZIL	$4.31
	A51 FinanceA51	$0.18
	8Bit ChainW8BIT	$0.00
	PoolTogetherPOOL	$0.53
	AlgoGemsGEMS	$0.02
	PayvertisePVT	$0.00
	DextokenDEXG	$22.78
	Kyber Network Crystal LegacyKNCL	$0.54
	DAOstackGEN	$0.01
	Digix Gold TokenDGX	$50.51
	DAOhausHAUS	$1.00
	Bankless DAOBANK	$0.00
	Raid TokenRAID	$0.00
	DAO InvestVEST	$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