8 Best Crypto DAO Projects to Invest in
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Decentralized Autonomous Organizations (DAO) are at the core of blockchain. As the name implies, they're decentralized protocols not controlled by a central authority. Instead, DAOs have a bottom-up approach, enabling the community to govern the organization and determine the project's future. We found 8 of the best DAO crypto project and reviewed them.
Our guide details how DAOs benefit investors and what they're all about. We also determine if they're a worthwhile investment and answer key questions investors want to know about DAO.
Invest in the 8 Best DAO Crypto Projects
Our DAO crypto list consists of 8 community focused decentralized projects that investors might consider:
- Tamadoge - Overall Best DAO Crypto Project, Listed on OKX
- Battle Infinity - Popular Game Providing 6 Decentralized Platforms
- Lucky Block - Top Decentralized Competition Platform Offering Major Prizes
- DeFi Swap - Well-Known Decentralized Exchange with Staking Ability
- Uniswap - Famous Exchange on Decentralized Protocol
- Compound - Autonomous Interest Rate Protocol with Compound Governance
- Aave - DAO Project Offering Supplying and Borrowing of Assets
- Lido Finance - Top-Tier DAO Platform Enabling Compound Yielding
Invest in the Best DAO Project
Closely Reviewing the 8 Best Crypto DAOs
The best Crypto DAO we found was Tamadoge. Let's check out its features and benefits first, then see how the rest compare to it.
1. Tamadoge - Overall Best DAO Crypto Project Listed on OKX
The players on Tamadoge are at the core of this play to earn community. The platform enables players to compete for the highest rewards by climbing the leaderboard. To collect the highest rewards, players need to nurture their digital pets into adults.
Tamadoge rewards players who have done the best job of grooming their pets with the highest number of TAMA tokens. Players can exercise, feed and breed pets and then put them in battles against other pets once their strength has developed.
The platform will introduce an augmented reality app in 2023, which will make the player's interaction with the pets more realistic. Another feature to be added will be the P2E Arcade games.
Apart from earning rewards to exchange them for fiat currencies, players can also take advantage of TAMA ownership. This project raised $19 million during its token presale, which sold out in less than two months.
The high demand for TAMA tokens during the presale has prompted the developers to accelerate its crypto exchange listings. TAMA is now listed on OKX with more expected to be announced.
Traders that can't access its CEX or prefer DEXes can also opt for OKX's decentralized exchange.
The increased exposure that Tamadoge received during its initial coin offering (ICO) including from Cointelegraph should increase the demand. then the 5% token burn on transactions in pet store purchases will decrease its supply. TAMA's supply is capped at 2 billion coins and will decrease over time because of the token burn, making it a scarce asset.
Investors can get the latest information about this project by subscribing to the Tamadoge Telegram channel. (Admins never message subscribers first, beware of scams).
2. Battle Infinity - Popular Game Providing 6 Decentralized Platforms
Battle Infinity enables players to roam around the Metaverse with VR headsets and access 6 decentralized platforms. The main battles happen in the IBAT Premier League, and players build up teams to compete for prizes.
The in-game currency is IBAT. The platform rewards players with IBAT tokens for winning leagues, monetizing land and contributing to the ecosystem. Even if players haven't won leagues, Battle Infinity rewards the most active players from the global staking pool.
Players can enter Battle Arena with their unique avatars and explore virtual land while interacting with players in real time. Battle Infinity provides players with complete control over the rewards they earn by staking.
The platform enables players to battle it out for the highest rewards via solo, duo and crates staking. Battle Infinity has proven to be one of the best crypto staking platforms by adding decentralized flexible and time-lock staking. Opting for time-lock staking for 12 months can earn investors up to 25% interest.
At the onset of this project, Battle Infinity proved it would be successful. Its presale sold out within 25 days of the scheduled 90 days.
Then, IBAT was listed on PancakeSwap and surged 700% from its presale price. That was followed by a listing on DeFi platform and DEX Coin98, and centralized exchange LBank.
More developments are in the pipeline, and investors can get the latest information by joining the Battle Infinity Telegram channel.
3. Lucky Block - Top Decentralized Competition Platform Offering Major Prizes
A key reason Lucky Block used blockchain to develop its ecosystem was to provide a decentralized competition platform that was fair and transparent. By decentralizing the platform, Lucky Block provided instantaneous payouts to winners and disabled third parties from interfering in the results.
Originally, this competition platform offered watches and holidays as the main prizes. But it's increased the stakes by offering a Lamborghini, $1 million in Bitcoin and a $1 million home. Investors need to own the platform's native token, LBLOCK, to enter draws.
The benefit of buying LBLOCK for competitions is that transaction fees don't apply. Lucky Block is constantly looking for ways to make its platform more affordable. With the development of the ERC-20 token, known as LBLOCK V2, investors can buy the coin without incurring the 12% sales tax they would with the V1 token.
The V2 token has made exchange listings easier. To date, LBLOCK is listed on LBank, MEXC, PancakeSwap and Gate.io. More exchange listings will follow. That's beneficial to investors because the coin surged more than 1,100% when it was listed on PancakeSwap in January 2022. The bull run needed just over 2 weeks to provide investors with massive returns.
Another key development of Lucky Block is its token burn. A 1% monthly burn will commence on 30 September 2022. And the intention behind the burn is to make the coin more scarce, which should result in its value increasing.
4. DeFi Swap - Well-Known Decentralized Exchange with Staking Ability
Besides being a decentralized exchange, DeFi Swap enables the swapping of ERC-20 compatible tokens across multiple networks.
DeFi Swap is a non-custodial exchange, enabling it to move funds without having ownership of investors' assets. It relies on liquidity generated from farming by investors to remain operational.
At the center of DeFi Swap is the exchange's native token, DeFi Coin (DEFC). Investors can use DEFC as a medium for token swapping. Another key benefit of owning this token is the potential earnings.
Investors can earn passive income with cryptocurrencies in several ways, and one of them is by staking the coin. Locking up the coin for 12 months could earn investors up to 75% yield. That is one of the highest yield rates exchanges offer for locking up coins.
Another passive income stream with the project is the static rewards mechanism. The exchange provides income to investors from funds collected via the 10% tax levied on the trading of the DeFi Coin.
5. Uniswap - Famous Exchange on Decentralized Protocol
Uniswap is the company that built the Uniswap protocol. It's also a decentralized exchange and the name of the platform's exchange token. Uniswap has established a huge following in the decentralized exchange community.
One of the key reasons for its success is the enabling of swapping, earning and building on its platform. It enables developers to build their own DeFi Apps by providing guides, protocol documentation and the necessary tools. The Uniswap Grant Program provides funding to developers that build apps and tools on the Uniswap protocol.
Owning the UNI token enables investors to be part of the global community governing the protocol. This governance token enables holders to vote on off-chain proposals, participate in upgrade discussions and vote on Uniswap governance proposals.
The ecosystem consists of developers, users, designers and educators who decide the future of the platform and govern the protocol via the on-chain governance process. To ensure that the community governs the network, Uniswap has allocated 60% of the UNI genesis supply to members.
The rest of the supply has been allocated to team members and future employees, as well as investors with 4-years vesting.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
6. Compound - Autonomous Interest Rate Protocol with Compound Governance
Compound is one of the best DAO crypto projects, offering an autonomous interest rate protocol and safe crypto custody for trading and staking.
This ecosystem is ideal for investors wanting to borrow and lend cryptocurrencies or to lock in their coins to earn interest. The key advantage of borrowing crypto from Compound is that this decentralized ecosystem doesn't conduct credit checks to determine eligibility.
COMP is an ERC-20 token that governs the Compound protocol. Coin holders have the right to debate, propose and vote on protocol changes. Compound prefers governance of its protocol to remain with users to create a large ecosystem and incentivize them with tokens to ensure the platform's development.
Daily distribution of 1,234 COMP tokens goes to protocol users, and token holders set the distribution through the governance process. To receive COMP tokens automatically, investors need to use this DAO platform by supplying or borrowing assets.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
7. Aave - DAO Project Offering Supplying and Borrowing of Assets
Many investors consider Aave to be a long term crypto project to invest in because it's an open-source liquidity protocol that enables interest to be earned on supplied and borrowed assets.
Developers can use Aave to build applications, and the platform's token holders participate in its governance and vote on new assets, upgrades and proposals. The DAO cryptocurrency at the core of this protocol is AAVE.
Investors can deposit their AAVE coins into the protocol and earn rewards. Another option is to supply the protocol and monitor asset growth due to being a liquidity provider. Investors can borrow against their collateral across multiple networks and assets.
Using Aave isn't the only way investors benefit. It's also by holding the protocol's token. Investors who bought AAVE at the end of 2020 didn't have to wait long to receive massive rewards. The coin rallied until May 2021, providing returns of just over 2,000%.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
8. Lido Finance - Top-Tier DAO Platform Enabling Compound Yielding
Lido DAO is one of the best crypto to buy right now, as it offers investors great returns. Investors who bought the coin in July 2022 immediately went on an epic bull run, surging more than 300% by the beginning of August. That's impressive considering it happened during a bear market.
Owning Lido DAO also enables investors to be part of the process that governs Lido's liquidity staking protocol. Lido Finance enables investors to stake various digital assets to earn compound yields. Investors can use their tokens for collateral, lending and yield farming.
The Lido community builds liquid staking services and governs the direction of the staking protocols by owning the coin and voting.
This protocol has provided a Lido Ecosystem Grants Organisation (LEGO). The grants provided to contributors are valuable resources for improving the protocol and the staking ecosystem. The incentives provided fuel the protocol's growth and ensure that Lido provides a beneficial staking platform.
Investors can use Lido to stake Ethereum, Solana, Polygon, Polkadot and Kusama. Polygon staking on this protocol provides the highest returns, with investors earning an annual percentage rate (APR) of up to 16.5%.
What is a Crypto DAO?
DAO is the acronym for decentralized autonomous organizations. Its system enables community members to vote on certain decisions regarding the protocol, thereby determining its future.
Since no central authority governs a particular crypto DAO ecosystem, its governance is solely with the users. Smart contracts are used to enable all parties involved to partake in the decision-making process.
Each stakeholder's voting power is determined based on the number of governance tokens held. More voting power is granted to investors holding a large stake because they're trusted to act in good faith.
Some of the matters that token holders might vote on are how the DAO's treasury distributes the funds to platform users or which assets to buy.
Is DAO Crypto a Worthwhile Investment?
Many DAO crypto projects offer investors several benefits such as not needing a third party to conduct certain financial transactions. No specific person owns a DAO, which enables users to vote on the operations and future of the protocol.
Transparency is a big factor that makes investors gravitate toward DAO projects. Votes are available to the public on the blockchain, and no entity can tamper with the votes or influence them.
It's the users who ultimately decide how they want the protocol to function and the benefits it should provide. Although DAOs may seem like a financial haven, they are also risky.
Not having a central authority run operations means that a support center isn't available to attend to a user's query. Reversing or correcting transactions is almost impossible, and information about the project is usually limited to its whitepaper.
To determine if a DAO is a suitable investment, each investor needs to do their due diligence on DAOs to know their features and benefits. Once investors are certain they fully understand these protocols, they should compare DAO offerings to their investment goals.
If the two align, then investors may believe that a DAO project is a worthwhile investment. Investors should ensure that a project is legit. Usually, protocols that have processed large amounts, high volume of transactions and have a big community tend to be less risky than small protocols.
Conclusion
Some projects provide tremendous value to investors, yet have a low DAO crypto price. Penny cryptocurrencies such as Tamadoge enable investors to earn rewards while entertaining themselves and taking advantage of a decentralized platform. The key advantage of using Tamadoge's platform is getting the best of both worlds.
Investors can receive TAMA token rewards, and holding the coin could provide capital appreciation because of the token burn. The coin had a sold-out presale and is now listed on OKX. If the coin trades the way it did during the presale, demand for TAMA tokens will be epic.
OKX has listed TAMA on its centralized and decentralized exchange. Investors who don't have access to the centralized version can opt for the DEX.
FAQ
What is crypto DAO?
A decentralized autonomous organization (DAO) is a transparent protocol controlled by its members. It uses a bottom-up management model to enable governance token holders to decide the way the protocol will function and its future.
What DAO crypto is the best?
One of the best DAO crypto projects is Tamadoge. The in-game token, TAMA, enables investors to swap the rewards for fiat currencies. The coin's value should increase with diminishing supply because of the 5% token burn on transaction fees for purchases in the pet store.
How does crypto DAO work?
DAO platforms are fully autonomous, and smart contracts are used for transparency and to determine the rules. A DAO also uses smart contracts to execute the decisions agreed upon by the users, which are the platform's governance token holders. The platform's users vote on proposals, and the weight of their votes is determined by the number of tokens held.
