A decentralized autonomous organization (DAO) is a concept in the crypto space that has attracted many investors today. In this crypto market concept, investors have a say in the running of a project as it is decentralized, i.e. without a central authority.
There are several DAO crypto projects attracting investors today for their amazing features. DAOs, Dapps, DeFi, NFTs, Web3, and so on have given crypto mass adoption.
In this article, we’ll discuss the top decentralized autonomous organization (DAO) projects today. Investors looking for opportunities in crypto can consider any of the projects listed. For the sake of beginners, let’s know more about DAO.
What is DAO?
In crypto, DAO is the short form for decentralized autonomous organizations. These blockchain-based organizations are run by community members rather than a central authority.
DAOs paint the picture of cryptocurrency as a decentralized system where no government or central authority can take decisions of their own. Here, control is in the hands of the network’s community members.
Governance is usually handled through voting mechanisms. DAOs’ native token gives the owner/holder a ‘stake’ in the organization. Owners decide on whatever action they are taking concerning the project by voting.
Top 5 DAO Projects to Buy in 2022
Developers are taking the opportunities in DAO to create projects with exciting features which have attracted investors whether during or after its presales. Let’s look at the top 5 DAO projects so far in 2022.
Uniswap is one of the most widely used DeFi protocols globally. The native token of the decentralized exchange platform is known as UNI.
As the DeFi protocol is growing, investors are taking the opportunity to gain exposure to its growth. Uniswap is built on the Ethereum network. This allows investors to swap the ERC-20 token, the standard for Ethereum that is also used by other cryptos built on the Ethereum network.
Going by its growing popularity and standard, UNI is one of the top DAO crypto projects to buy today.
2. Aave (AAVE)
Aave is a DeFi lending project and one of the best at it. This DAO project is the best when considering long-term potential.
The native token of the protocol is known as AAVE. Users of the token are involved in the protocol’s governance as expected. This includes having a say in the use of its treasury funds and protocol upgrade. Another important thing for investors is that AAVE can be used as collateral within the ecosystem at a low fee.
AAVE is one of the best DeFi coins to have today-for this reason, it is on the list of top DAOs to buy in 2022.
3. ApeCoin (APE)
ApeCoin’s connection to the popular NFT, Bored Ape Yacht Club (BAYC) makes it one to hold for investors today. ApeCoin is the best DAO meme coin to be launched in 2022 and was given as a free drop to the BAYC holders which made it grow.
APE is the native token of ‘The Otherwise’ platform. The token has exceptional speculative potential due to its social media hype. Holders of APE are involved in its governance through voting. With this, they are involved in how the project’s treasury funds are spent.
4. Battle Infinity (IBAT)
Battle Infinity gets to this list of DAO to buy in 2022 due to its impressive gaming features. Battle infinity combines play-to-earn gaming and web3 technology. With this, it developed the popular metaverse-based game, Battle Arena.
Battle infinity’s gaming ecosystem allows users of its native token, known as IBAT to play, earn, and create items in its virtual ecosystem. The utility token is created on the Binance Smart Chain and has attracted several investors.
The IBAT token’s presale sold out in less than a month even though it was meant to be for 90 days. It has therefore been one of the best DAO crypto projects of 2022.
5. Tamadoge (TAMA)
Tamadoge takes the fifth spot not for its features but for its time in the crypto space. Tamadoge is unarguably the most anticipated DAO crypto project in 2022.
Tamadoge (TAMA) is the native token of the Tamaverse, which offers an addition to the doge community. TAMA has the most use cases in this list of top DAO crypto projects. The multi-utility token is a meme coin that is used for play-to-earn gaming as well as in NFTs.
TAMA holders can create, trade, and breed pet dogs in the virtual environment. Each pet is minted as an NFT via smart contracts. Its unique characteristics make it one to look out for investors as an upcoming DAO project in 2022.
Tamadoge is one of the top metaverse altcoins with potential. For this reason, it is also on investors’ wanted list of DAO projects.
DAO crypto projects have attracted several investors due to their impact on governance, its decentralization, and access to the DeFi sector. There are projects for crypto lending, staking, gaming, and so on you can buy in 2022. Listed among these projects here include Tamadoge, Battle Infinity, Uniswap, Aave, and ApeCoin while other projects are also in the mix based on investors’ wants.