DAO Tokens have taken over the crypto world by instilling the spirit of community. The rise of cryptocurrencies over the pandemic can be seen as an intersection with the feeling of belongingness that society sought over the pandemic. Hence, the crypto community has proven to be very interactive and closely knit. This is one of the non-material gains that investors enjoy from being crypto enthusiasts.
Here is why more and more investors are trusting DAO-based cryptocurrencies. Moreover, this article talks about two DAO tokens that should definitely be on your watchlist!
Why Invest in DAO Tokens?
The DAOs are community-led and the absence of a central authority gives the investors a feeling of autonomy without burdening them with a lot of responsibility. This balance makes DAO tokens a perfect investment for analytical investors who do not like taking big gambles. Members of the DAO who also own tokens are given a predetermined percentage of the exchange’s transaction volumes.
Members must purchase the DAO’s native tokens, which are essentially coins linked to the initiative. According to such token holdings, all token holders have voting rights in the community. The members also hold equity in the DAOs in proportion to the number of tokens they possess. Hence, the profit that one may reap is double-sided which can be liquidized through tokens and equities. There is also a space to direct the future growth of the DAO by making wise use of the voting rights. Hence, bigger financial scalability is promised by DAOs that work on ambitious projects.
These are two DAO tokens that could work for your crypto future:
FIREPIN (FRPN)
FIREPIN (FRPN) is a brand new cryptocurrency and the developers identify it as a community token. The main aim of this project is to bring all the blockchains closer together and enhance their accessibility. It will connect the Ethereum (ETH), Binance Smart Chain (BNB), and Polygon (MATIC) networks, according to the developers. The addition of further chains will be determined based on members’ votes.
For the FIREPIN reward system, a 2% charge is collected from each buy and sell transaction on decentralized exchanges and added to an airdrop pool. Every week, existing token holders will receive an airdrop of their tokens. Hence, you can gain tokens by just retaining the tokens you already have! FIREPIN also promises to channel its treasury funds towards developing futuristic NFT games and Metaverse VR games.
These are just some of the many features that Firepin (FRPN) has promised. It is currently in its second presale phase after a successful first phase. This could be the perfect time to lock down your investments with FRPN tokens and claim autonomy over your investments.
Uniswap (UNI)
Uniswap (UNI) is the DAO token with the highest market capitalization. Uniswap (UNI), a decentralized blockchain, was first released in 2018. It was also the first platform to implement AMM (Automated Market Maker). The AMM technology uses liquidity pools rather than a traditional market of buyers and sellers to allow digital assets to be traded in a permission less and automated manner. Liquidity pools are proven to be a significant tool in the DeFi ecosystem, as they may be customized for a variety of applications.
This technology underpins all of the platform’s decentralized exchanges (DEXs). There is no need to be concerned about third-party involvement because the platform uses Decentralized Finance. Furthermore, because the Uniswap platform is built on the Ethereum blockchain, it could profit from the ERC-20 token standard’s usefulness.
Uniswap launched its DAO Tokens only in 2020 and that worked wonders for the blockchain network as the investors benefited and offered consistent positive feedback for UNI coins. Following the lines of a general market slump, UNI tokens are facing a decline in their value which makes it the best opportunity to invest while the price is in a dip.
Uniswap (UNI) and FIREPIN (FRPN) are two of the most promising DAO tokens that one may trust at the moment. It would be ideal to invest in a token that gives back more than just money and adds to the spirit of community and asset holding!
Learn more about FIREPIN Token (FRPN):
Join Presale: https://presale.firepin.io/register
Website: https://firepin.io/
Telegram: https://t.me/FIREPINOFFICIAL
Twitter: https://twitter.com/FIREPIN_io
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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