DAO Tokens Raise over $2 Million within Hours
Ethereum never ceases to surprise the cryptocurrency community. The digital currency platform has yesterday announced the launch of DAO. Now, what is DAO? DAO stands for Decentralized Autonomous Organization, which offers most of the benefits of a company without the centralization part. In this context, the DAO in the discussion is created by the Ethereum foundation for the governance of the Ethereum Protocol. Unlike companies, DAO involves community participation. It is not just the directors who are calling shots here, but the whole community, owning DAO tokens can introduce proposals,....
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