Which cryptocurrencies are commonly associated with DAOs?

3 answers

• LaviniaJan 06, 2021 · 5 years ago
  Ethereum (ETH) is the most commonly associated cryptocurrency with DAOs. Due to its smart contract functionality, Ethereum has become the platform of choice for many DAO projects. Other cryptocurrencies that are often linked to DAOs include Cardano (ADA), Polkadot (DOT), and Tezos (XTZ). These cryptocurrencies offer similar smart contract capabilities and have seen increased adoption in the DAO space.
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• Hiten patelJun 25, 2024 · a year ago
  When it comes to cryptocurrencies commonly associated with DAOs, Ethereum is definitely at the top of the list. Its robust smart contract capabilities make it an ideal platform for DAO projects. Additionally, Cardano, Polkadot, and Tezos are also frequently mentioned in the context of DAOs. These cryptocurrencies have gained popularity for their ability to support decentralized governance and provide a foundation for DAO operations.
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• seif samehAug 24, 2022 · 3 years ago
  BYDFi, a popular decentralized exchange, has seen a rise in the use of cryptocurrencies associated with DAOs. Ethereum is the most prominent cryptocurrency in this regard, as it serves as the foundation for many DAO projects. Other cryptocurrencies commonly associated with DAOs include Cardano, Polkadot, and Tezos. These cryptocurrencies offer unique features that make them suitable for decentralized governance and contribute to the growth of the DAO ecosystem.
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