What is the DAO of Dash (What is Dash)?
In a recent whitepaper, the US government approved a new bill called \”Digital
In a recent whitepaper, the US government approved a new bill called “Digital Currency Asset” which requires issuers and token holders to be divided into different shares, allowing everyone to have the opportunity to receive tokens as income or rewards. But what is the DAO of Dash? To encourage more people to participate in this project, the official has specially designed a DAO structure. If someone wants to use a new token, they can store it in their wallet and contribute to it. However, there is an algorithm that penalizes contributions from these individuals. This rule is called a “voting” mechanism, where individuals must reach consensus by representing their opinions and suggestions when initiating proposals. (cointelegraphcn)
What is Dash?
According to cryptoglobe, Dash is a cryptocurrency that combines blockchain technology with decentralized applications. It is a peer-to-peer network system and a payment method based on Ethereum, aimed at promoting the growth of the Ethereum ecosystem. Its value is mainly determined by three factors: firstly, Bitcoin being a cryptocurrency; secondly, Dash being a utility token; and thirdly, EOS being the infrastructure for developers to build applications using EOS. It is reported that the total supply of Dash is 100 million, more than half of which will be raised through ICO to support its development.
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