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More Than Just Tokens: How DAOs Help You Get the Best Out of Cryptocurrency Projects
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cryptonews.comDisclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
DAOs (decentralized autonomous organizations) have become one of the biggest trends within the cryptocurrency world.
They have enjoyed tremendous growth across 2021 as DeFi protocols like PhoenixDAO integrate the model as part of a strategy to promote greater decentralization and the delegation of governance. In short, DAOs carry out activities like managing assets, tabulating votes, and executing changes through smart contracts, all but eliminating the need for traditional legal or financial infrastructure.
In contrast to the hierarchy seen in legacy institutions, DAO membership is fluid and flat. Many believe the advantages of a DAO,
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