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?
6 answers
CryptoMaven
Mon Nov 18 2024
Governance rights in a DAO are distributed among token holders.
Elena
Mon Nov 18 2024
A DAO stands for Decentralized Autonomous Organization.
GangnamGlamourQueen
Mon Nov 18 2024
With BTCC, users can buy, sell, and store cryptocurrencies with ease.
emma_grayson_journalist
Mon Nov 18 2024
Voting on governance decisions is a core feature of a DAO.