Decentralised autonomous organisation (DAO) governance is a mechanism of contributing to a protocol through your resources and judgments. DAO governance plays by smart contracts rules which members must obey since there is no centralised authority.
DAO governance removes the need for a central authority, providing a “trustless” protocol where members derive their code of conduct. Additionally, members may receive some benefits when joining many projects’ governance protocols. It includes voting and decision-making rights, validatory nodes, staking rights, and rewards, among others.
Many Decentralised Finance (DeFi) protocols are turning heads to DAO governance to sustain and shield their DeFi innovations against the crypto winter of 2022 and forward. As such, DAO governance encourages active participation in the growth and development of their projects. It also supports liquidity flow from members and non-members, as well as anti-crypto inflation, through token incentives not available to random traders.
3 exciting DAO-driven protocols to join and actively showcase your decision-making skills are Logarithmic Finance (LOG), TRON (TRX), and Shiba Inu (SHIB).
TRON (TRX)
TronDAO is a community of TRON enthusiasts and venture capitalists overseeing the TRON ecosystem and its products and services, such as TRON Wallet, stable coin USD, and even Tron’s native token, TRX. As a DAO-driven ecosystem, TRON is continually evolving to provide trustless and decentralised internet services.
TronDAO’s dedication to building a scalable decentralised internet service is evident in fundraisings in the recent crypto market news. Between May and June 2022, TronDAO has raised over $900 million to upgrade its ecosystem. And to make it even more boastful, its co-founder, Justin Sun, is proposing another $2 billion to fuel innovations in the ecosystem.
TRON (TRX) has stood the test of time, despite receiving many criticisms in its early years. At the time of writing, it is featured in the top 25 cryptocurrencies with the potential of reaching more heights if it soars to $1 from its current low price point.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has one of the strongest standing communities of dedicated enthusiasts known as the ShibArmy. The ShibArmy regulates the prices and volume of SHIB tokens in the market – keeping the token a worthy subject in the top 25 crypto list.
Shiba Inu, created as an experiment to determine the power of a crypto community, proved true when it won the hearts of over 2 million ShibArmies. To date, many enthusiasts and pundits believe Shiba Inu has all it takes to dethrone Dogecoin (DOGE), another meme token that has been in the industry even before Shiba Inu was introduced.
SHIB is a deflationary token, although there is an occasional token burning mechanism to remove excesses. Meanwhile, there is also a regular token minting, which makes SHIB readily available to anyone who wishes to join its community.
You can buy SHIB on popular exchanges like Binance or Binance US, KuCoin, or at a P2P exchange. SHIB has a very low unit price, making it a promising investment if Shiba Inu introduces a use case for the token in the future.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is a new cryptocurrency and protocol with huge potential. For contextual purposes, LOG will feature in Logarithmic Finance’s future DAO governance protocol called the LogDAO.
LogDAO will keep Logarithmic Finance in an advantageous position of becoming a force in the DeFi space. To crown Logarithmic Finance’s propositions which include derivatives and futures trading, LOG staking, decentralised crypto trading, and NFT trading, LogDAO will help create an extra pool of financing and liquidity flow in and out of the exchange.
LogDAO is still in view of deployment on Logarithmic Finance, however, you can buy LOG in the ongoing live presale and stand a chance of becoming a member of the LogDAO when it is integrated by the first quarter of 2023.
Learn more about Logarithmic Finance (LOG):
Website: https://logarithmic.finance/
Presale: https://presale.logarithmic.finance/register
Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
