{"id":14982,"date":"2024-04-08T13:29:13","date_gmt":"2024-04-08T13:29:13","guid":{"rendered":"https:\/\/zebpay.com\/?p=14982"},"modified":"2024-04-08T13:31:06","modified_gmt":"2024-04-08T13:31:06","slug":"top-10-dao-projects-to-watch-out-for-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/au\/blog\/top-10-dao-projects-to-watch-out-for-2024","title":{"rendered":"Top 10 DAO Projects To Watch Out For 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/au\/blog\/top-10-dao-projects-to-watch-out-for-2024\/#Introduction_about_DAO\" title=\"Introduction about DAO\">Introduction about DAO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/au\/blog\/top-10-dao-projects-to-watch-out-for-2024\/#Top_10_DAO_Crypto_Projects_of_2024\" title=\"Top 10 DAO Crypto Projects of 2024\">Top 10 DAO Crypto Projects of 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/au\/blog\/top-10-dao-projects-to-watch-out-for-2024\/#Should_I_Invest_In_DAO_Tokens\" title=\"Should I Invest In DAO Tokens?\">Should I Invest In DAO Tokens?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/au\/blog\/top-10-dao-projects-to-watch-out-for-2024\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_about_DAO\"><\/span>Introduction about DAO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>We are familiar with the traditional corporate structure, where a board of directors oversees senior-level managers, who in turn supervise executive managers, all collaborating to achieve the organisation&#8217;s objectives. Yet, due to information disparities and limited transparency, employees may lack motivation to contribute to the company&#8217;s goals. Imagine if every member in this hierarchy had equal rights, and there was complete transparency and decentralisation. This scenario would simplify working towards a shared goal. It may sound like a utopian concept, doesn&#8217;t it?<\/p>\n\n\n\n<p>DAOs are community-driven entities operating on a transparent blockchain network like Ethereum, Bitcoin, and others. Participants in these organisations are individuals with similar interests who collaborate to establish them. Essentially, a DAO represents a virtual community where members collectively manage an organisation, despite being geographically dispersed.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-dao\" target=\"_blank\" rel=\"noreferrer noopener\">What is DAO<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Top_10_DAO_Crypto_Projects_of_2024\"><\/span>Top 10 DAO Crypto Projects of 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Token<\/strong><\/td><td><strong>Market Capitalisation<\/strong><\/td><\/tr><tr><td>Smog (SMOG)<\/td><td>$127 Million<\/td><\/tr><tr><td>Uniswap (UNI)<\/td><td>$6.8 Billion<\/td><\/tr><tr><td>Aave (AAVE)<\/td><td>$1.8 Billion<\/td><\/tr><tr><td>ApeCoin (APE)<\/td><td>$1 Billion<\/td><\/tr><tr><td>SushiSwap (SUSHI)<\/td><td>$377 Million<\/td><\/tr><tr><td>Compound (COMP)<\/td><td>$592 Million<\/td><\/tr><tr><td>Lido Finance (LDO)<\/td><td>$2.4 Billion<\/td><\/tr><tr><td>Bittensor (TAO)<\/td><td>$3.7 Billion<\/td><\/tr><tr><td>Maker (MKR)<\/td><td>$3.3 Billion<\/td><\/tr><tr><td>Internet Computer (ICP)<\/td><td>$7.8 Billion<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Smog (SMOG)-<\/strong> Smog (SMOG) gained attention with a remarkable 134% price increase during its debut. Expanding beyond Solana, it is now entering a multi-chain environment via Wormhole. With an initial market capitalisation of $53 million, Smog Token seeks wider reach by expanding to Ethereum through Wormhole and PortalBridge.com. This expansion includes a staking platform providing a fixed APY return of 42.0%, bolstering market stability.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-solana-sol\" target=\"_blank\" rel=\"noreferrer noopener\">What is Solana (SOL)<\/a><\/p>\n\n\n\n<p><strong>Uniswap (UNI)-<\/strong> Uniswap, a decentralised exchange, strives to transform crypto transactions by eliminating intermediaries. Constructed on Ethereum, it facilitates <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-erc-20\" target=\"_blank\" rel=\"noreferrer noopener\">ERC-20 token<\/a> swaps through smart contracts, enhancing security and reducing costs. Boasting a market capitalisation surpassing $2 billion, it features a governance token (UNI) distributed to platform users.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-uniswap\" target=\"_blank\" rel=\"noreferrer noopener\">What is Uniswap (UNI)<\/a><\/p>\n\n\n\n<p><strong>Aave (AAVE)-<\/strong> Aave protocol enables lending, borrowing, and interest generation on various cryptos via Ethereum-based <a href=\"https:\/\/zebpay.com\/au\/blog\/smart-contracts-an-overview-of-the-future-of-transactions\" target=\"_blank\" rel=\"noreferrer noopener\">smart contracts<\/a>, supporting approximately 20 digital assets and distributing tokens as rewards for lenders. AAVE, the utility and governance token, boasts a valuation of over $810 million and provides a range of functionalities within the ecosystem.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-aave\" target=\"_blank\" rel=\"noreferrer noopener\">What is Aave (AAVE)<\/a><\/p>\n\n\n\n<p><strong>ApeCoin (APE)-<\/strong> ApeCoin, tied to the Bored Ape Yacht Club NFT collection, functions as a DAO, distributed through an airdrop to NFT holders. It plays a crucial role in Yuga Labs&#8217; metaverse project, &#8216;The Otherside,&#8217; fostering community governance and engagement, as well as the speculative potential for APE holders.<\/p>\n\n\n\n<p><strong>SushiSwap (SUSHI)-<\/strong> SushiSwap, originating from Uniswap, provides a variety of DeFi services on Ethereum. Users stake SUSHI to receive a share of swapping fees and participate in governance decisions. With a total supply of 250 million tokens, it is a significant participant in the <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-a-decentralised-exchange\" target=\"_blank\" rel=\"noreferrer noopener\">decentralised exchange (DEX) sector<\/a>.<\/p>\n\n\n\n<p><strong>Compound (COMP)-<\/strong> Compound enables crypto borrowing and lending via liquidity pools managed by smart contracts. Lenders receive COMP tokens as rewards and engage in governance activities. Ranked 108th by market capitalisation, COMP continues to be a key player in the DeFi sector.<\/p>\n\n\n\n<p><strong>Lido Finance (LDO)-<\/strong> <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-lido-dao\" target=\"_blank\" rel=\"noreferrer noopener\">Lido DAO<\/a> provides attractive staking rewards across a range of digital assets. Participants have the opportunity to engage in governance and access grants through the Lido Ecosystem Grants Organisation. With support for multiple tokens, Lido aims to deliver a rewarding staking experience.<\/p>\n\n\n\n<p><strong>Bittensor (TAO)-<\/strong> Bittensor offers:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A cutting-edge approach to artificial intelligence technology development and dissemination, utilising the benefits of a distributed ledger. This includes open access\/ownership, decentralised governance, and the capacity to leverage globally distributed computing power and innovation within an incentivised framework.<\/li>\n\n\n\n<li>A publicly accessible machine intelligence repository, enabling open and permission-less innovation on a global scale.<\/li>\n\n\n\n<li>A reward system and network ownership distribution are directly proportional to individual contributions and value-added.<\/li>\n<\/ol>\n\n\n\n<p><strong>Maker (MKR)-<\/strong> Maker Protocol maintains the stability of the DAI stablecoin, linked to the U.S. dollar. MKR token holders oversee the protocol and determine the collateral for DAI generation. A vital element of the DeFi ecosystem since 2015, Maker Protocol has been instrumental in the sector&#8217;s growth.<\/p>\n\n\n\n<p><strong>Internet Computer (ICP)-<\/strong> The Internet Computer blockchain introduces a fresh perspective on blockchain design, harnessing advancements in cryptography. It presents the inaugural &#8220;World Computer&#8221; blockchain, enabling the creation of virtually any online system or service, including complex web-based social media platforms, without relying on traditional IT infrastructure like cloud computing services. This groundbreaking technology paves the way for complete end-to-end decentralisation.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/au\/blog\/how-does-internet-computer-work\" target=\"_blank\" rel=\"noreferrer noopener\">How does Internet Computer (ICP) Work<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Should_I_Invest_In_DAO_Tokens\"><\/span>Should I Invest In DAO Tokens?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The emergence of DAO projects in the crypto sphere has garnered significant attention, offering a novel approach to project decision-making. DAO tokens are increasingly viewed as promising long-term investments, providing benefits beyond trading. Token holders can participate in project governance and, in some cases, receive rewards. Staking and yield farming are additional ways to earn returns.<\/p>\n\n\n\n<p>However, thorough research is essential before investing. Evaluate the project&#8217;s technology, plans, competitive advantages, and competition to determine its potential as a worthwhile investment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To summarise, the crypto market is experiencing a significant rise in decentralised autonomous organisation (DAO) projects, providing novel prospects for investors and users alike. The DAO landscape is expansive and ever-changing, featuring groundbreaking platforms like Uniswap, which redefines decentralised exchanges, and inventive projects like Bitcoin Minetrix, which merges mining and staking.<\/p>\n\n\n\n<p>As the crypto industry advances, these DAO projects highlight the transformative power of decentralised governance and community-led initiatives. It will be interesting to watch out for these tokens\u2019 performance and growth in 2024.&nbsp;<\/p>\n\n\n\n<p>If you found this blog to be useful, do share it with other like-minded crypto enthusiasts. Click on the button below to begin your crypto trading journey using ZebPay.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-white-color has-text-color has-link-color wp-element-button\" href=\"https:\/\/connect.zebpay.com\/account\/login?returnUrl=%2Fconnect%2Fauthorize%2Fcallback%3Fclient_id%3Deee7baaa-9d6c-43f1-9eb6-8174f62cd244%26redirect_uri%3Dhttps%253A%252F%252Fzebpay.com%252Fapp%26response_type%3Did_token%2520token%26scope%3Dopenid%2520profile%2520wallet%253Atransactions%253Aread%2520trade%253Aread%2520trade%253Acreate%2520wallet%253Aaddress%253Acreate%2520wallet%253Aaddress%253Aread%2520wallet%253Atransactions%253Asend%26state%3D22bd26b71df745fa874d5f8f478ec294%26nonce%3D7684d57ffba74f28908bc0596d028e55\" target=\"_blank\" rel=\"noreferrer noopener\">trade now<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction about DAO We are familiar with the traditional corporate structure, where a board of directors oversees senior-level managers, who in turn supervise executive managers, all collaborating to achieve the organisation&#8217;s objectives. Yet, due to information disparities and limited transparency, employees may lack motivation to contribute to the company&#8217;s goals. Imagine if every member in [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":22508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[16],"class_list":["post-14982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/14982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/comments?post=14982"}],"version-history":[{"count":2,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/14982\/revisions"}],"predecessor-version":[{"id":22509,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/14982\/revisions\/22509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media\/22508"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media?parent=14982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/categories?post=14982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/tags?post=14982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}