What is Dao currency (What is Dai)?
Dao currency refers to decentralized autonomous organization (DAO) according to
Dao currency refers to decentralized autonomous organization (DAO) according to official sources. It is managed through governance by members of the cryptographic community.
Currently, DAOs in the market are built on Ethereum and consist of multiple different projects, such as DAOSquare (Malta), DAOMaker (USA), and EOSLaoMao (Netherlands).
According to the introduction of Dao, each DAO has its own unique values, vision, and goals, such as mutual development and maximizing profits. DAO can also have different stakeholders and partnerships.
So, what is the currency of Dao? Does Dao have any synonyms? Specifically, “Dao currency” (including ownership) represents a protocol or a form of rights or contracts of a company.
What is Dai?
According to official sources, Dai is an ERC20 token based on Ethereum. It is a platform that interacts with smart contracts, enabling users to easily engage in decentralized transactions, payments, and storage of digital assets such as BTC or ETH.
DAI is a token used to incentivize participants in the network ecosystem. Its purpose is to address the problem of difficulty in obtaining financing for DeFi projects in the current market. It allows funds to be invested in the cryptocurrency field with little risk, aiming for long-term growth.
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