What, Why and Which DAO Tokens: Uniswap (UNI), FIREPIN (FRPN), ApeCoin (APE)

Decentralised Autonomous Organisations (DAOs) are open-source and transparent to their members. These platforms are constructed on public blockchains. DAOs democratise organisational decision-making in a way that publicly traded firms cannot, by giving every member of the community a say in how they operate.

DAOs are collectively owned and managed exclusively by their members which builds a community-led decentralised approach to their finances.

Why invest in DAO Tokens

DAO's decentralised and transparent nature allows its participants complete control over the protocol's upkeep. Furthermore, DAOs are automated, and decisions are made automatically, thanks to smart contracts. As compared to conventional business organisations, DAOs eradicate the third-party transaction expenses and simply "pay" for the privilege of merely existing on the blockchain, allowing them to increase their profit margins.

Moreover, every member of the organisation is endowed with decision-making power. This power is proportional to the number of tokens a member holds but the rights remain democratically the same for all members.

Read also

2023: Only corrupt politicians can afford N100m for APC presidential nomination form, CISLAC says

The potential investment returns are rather lucrative on DAO Tokens. DAO tokens holders are promised to be rewarded with a fixed percentage of the transaction volumes on the exchange. This, in turn, creates a stable token economy with a mentality for long-term and secure investments. These rewards and the spirit of a community set DAO tokens apart from other non-DAO projects.

Here are a few DAO tokens that are worth checking out.

Uniswap (UNI)

Uniswap (UNI) is topping the market capitalisation charts of the DAP tokens. The decentralised blockchain Uniswap (UNI) was initially launched in 2018. It was also the first platform to use AMM technology (Automated Market Maker). All of the platform's decentralised exchanges are built on top of this technology (DEXs).

Since the platform uses Decentralised Finance, there is no need to be concerned about third-party involvement. Additionally, because the Uniswap platform is built on the Ethereum blockchain, it may benefit from the efficacy of the ERC-20 token standard.

Read also

Why the current Crypto dip is an opportunity - Check out Polygon (MATIC), Loopring (LRC), Pac-Man Frog (PAC)

Uniswap gained more popularity in 2020 when it launched the DAO tokens and the investors have benefited from this feature.

FIREPIN (FRPN)

FIREPIN Token (FRPN) is a community-led DAO platform that also happens to be integrated with the metaverse. FRPN is the native token for the FIREPIN community which reaps significant benefits. For instance, the token holders can get more tokens for merely retaining the tokens they initially bought. FRPN sounds like a safe long-term investment given the community factor. After analysing the potential that metaverse has, the developers of FIREPIN Token (FRPN) also plan to invest in Metaverse Games and NFT games in the future.

FIREPIN (FRPN) has increased by 2000% since its inception, and it is expected to continue to rise till it is deployed. FIREPIN Token is currently in its presale phase which makes it an ideal time to lock down the long-term investments.

Read also

Can FIREPIN Token’s (FRPN) 3000% presale rise help it compete with Dogecoin (DOGE) and Shiba Inu (SHIB)?

ApeCoin (APE)

ApeCoin has been an instant hit in the crypto market ever since its release earlier this very year. Apart from its fixed 1 billion token supply, ApeCoin has made headlines due to its initial classification as a meme coin. Despite the price volatility, it has established itself as a utility coin and has demonstrated its legitimacy among analysts. ApeCoin's story has piqued the imagination of cryptocurrency enthusiasts.

ApeCoin gained more than one billion dollars in its first two days of trading in a tumultuous crypto market. Much like FIREPIN, the APE token's popularity stems from its affiliation with the NFTs. The iconic NFT collections BAYC and MAYC were officially airdropped with ApeCoin.

APE aims to act as a decentralised protocol layer, guiding crypto investors to a safe and hassle-free metaverse. It is traded on major cryptocurrency exchanges such as FTX, Binance, and Coinbase.

Read also

Job creation: 1000 Niger Delta youths trained in technical and vocational skills

Learn more about FIREPIN (FRPN) Token:

Join Presale: https://presale.firepin.io/register

Website: https://firepin.io/

Telegram: https://t.me/FIREPINOFFICIAL

Twitter: https://twitter.com/FIREPIN_io

Keywords: FIREPIN Token, FRPN, Uniswap, UNI, ApeCoin, APE, decentralised, tokens, investment

[SPONSORED]

Source: Legit.ng