Cryptocurrency Q&A What is the difference between DAO and token?

What is the difference between DAO and token?

BonsaiVitality BonsaiVitality Sat Nov 16 2024 | 6 answers 1455
I'm trying to understand the distinction between DAO and token. I know they are both related to cryptocurrency, but I'm not sure how they differ from each other. Could someone explain the main differences between these two concepts? What is the difference between DAO and token?

6 answers

CryptoMaven CryptoMaven Mon Nov 18 2024
Governance rights in a DAO are distributed among token holders.

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Elena Elena Mon Nov 18 2024
A DAO stands for Decentralized Autonomous Organization.

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Raffaele Raffaele Mon Nov 18 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.

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GangnamGlamourQueen GangnamGlamourQueen Mon Nov 18 2024
With BTCC, users can buy, sell, and store cryptocurrencies with ease.

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emma_grayson_journalist emma_grayson_journalist Mon Nov 18 2024
Voting on governance decisions is a core feature of a DAO.

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