Everly Sutton
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10 Days 10 Undervalued Gems - Day 1: $HBAR
What is $HBAR ?
$HBAR is the native cryptocurrency of the Hedera Hashgraph network, a platform designed to be a faster, more efficient, and environmentally friendly alternative to traditional blockchain technologies. Hedera uses a unique consensus algorithm known as hashgraph, which provides high transaction speeds, security, and incredibly low costs.
What Does HBAR do?
Transaction Fees: HBAR tokens are used to pay for network services including transactions, smart contracts, and file storage. Th
$HBAR is the native cryptocurrency of the Hedera Hashgraph network, a platform designed to be a faster, more efficient, and environmentally friendly alternative to traditional blockchain technologies. Hedera uses a unique consensus algorithm known as hashgraph, which provides high transaction speeds, security, and incredibly low costs.
What Does HBAR do?
Transaction Fees: HBAR tokens are used to pay for network services including transactions, smart contracts, and file storage. Th
🚨🚨 BREAKING!! Hedera directly mentioned in IMF's latest (Jan/25) report on Tokenization & Financial Market Inefficiencies.
$HBAR
$HBAR
10 Days 10 Undervalued Gems - Day 7: $ENA
What is $ENA ?
ENA is the governance token for Ethena Labs, a project that has introduced a novel synthetic dollar protocol called USDe. Ethena aims to provide a crypto-native solution for money, focusing on stability and high yield through its stablecoin.
What Does ENA Do?
• Governance: ENA token holders have the right to vote on proposals concerning the development and management of the Ethena ecosystem, especially related to the USDe stablecoin.
• Staking and Yield: By staking ENA, users can
ENA is the governance token for Ethena Labs, a project that has introduced a novel synthetic dollar protocol called USDe. Ethena aims to provide a crypto-native solution for money, focusing on stability and high yield through its stablecoin.
What Does ENA Do?
• Governance: ENA token holders have the right to vote on proposals concerning the development and management of the Ethena ecosystem, especially related to the USDe stablecoin.
• Staking and Yield: By staking ENA, users can
🚨 BREAKING NEWS!!!! 🚨
KPMG India, with an annual revenue of $1 BILLION, has teamed up with The Hashgraph Group to leverage $HBAR !!! 👀 🤯
KPMG India, a titan in audit, tax, and advisory services, is a key player in the vast KPMG Global Network!! 🤑
The KPMG Global Network boasts over 250,000 clients worldwide and raked in about $36 BILLION in 2023!!! 💸 👀
“India is emerging as the world’s #1 destination for Web3, and this strategic alliance will establish Hedera as the preferred DLT protocol for governments and enterprises” 🔥
This is a GIGANTIC step forward for HBAR, potentially opening doors to opportunities bigger than we can even imagine if expanded to KPMG Global!!! 🤯
HBAR keeps forging ahead with partnerships and use cases that coins with 5-10x the market cap can only dream of!! 🤷♂️
#HBARUSD
KPMG India, with an annual revenue of $1 BILLION, has teamed up with The Hashgraph Group to leverage $HBAR !!! 👀 🤯
KPMG India, a titan in audit, tax, and advisory services, is a key player in the vast KPMG Global Network!! 🤑
The KPMG Global Network boasts over 250,000 clients worldwide and raked in about $36 BILLION in 2023!!! 💸 👀
“India is emerging as the world’s #1 destination for Web3, and this strategic alliance will establish Hedera as the preferred DLT protocol for governments and enterprises” 🔥
This is a GIGANTIC step forward for HBAR, potentially opening doors to opportunities bigger than we can even imagine if expanded to KPMG Global!!! 🤯
HBAR keeps forging ahead with partnerships and use cases that coins with 5-10x the market cap can only dream of!! 🤷♂️
#HBARUSD
10 Days 10 Undervalued Gems - Day 6: $AAVE
What is $AAVE ?
AAVE is the governance token for the Aave platform, which is one of the leading decentralized finance (DeFi) protocols on Ethereum and several other blockchains. Aave allows users to lend, borrow, and earn interest on crypto assets in a non-custodial manner.
What Does AAVE Do?
• Lending and Borrowing: Users can supply assets to liquidity pools to earn interest or borrow against the collateral they've deposited. Aave offers both variable and stable interest rates for borrowers.
•
AAVE is the governance token for the Aave platform, which is one of the leading decentralized finance (DeFi) protocols on Ethereum and several other blockchains. Aave allows users to lend, borrow, and earn interest on crypto assets in a non-custodial manner.
What Does AAVE Do?
• Lending and Borrowing: Users can supply assets to liquidity pools to earn interest or borrow against the collateral they've deposited. Aave offers both variable and stable interest rates for borrowers.
•
MicroStrategy has made another strategic move by acquiring an additional 10,107 Bitcoins for $1.1 billion. This latest purchase brings their total holdings to an impressive 471,107 BTC, demonstrating their unwavering confidence in Bitcoin's long-term value.
With this aggressive accumulation, MicroStrategy continues to leverage Bitcoin as a hedge against inflation and a cornerstone of their treasury strategy. This should be seen as a clear signal to investors: if a company with such deep market insights is doubling down on Bitcoin, it's time to buy the dip.
#MicroStrategyAcquiresBTC $BTC
With this aggressive accumulation, MicroStrategy continues to leverage Bitcoin as a hedge against inflation and a cornerstone of their treasury strategy. This should be seen as a clear signal to investors: if a company with such deep market insights is doubling down on Bitcoin, it's time to buy the dip.
#MicroStrategyAcquiresBTC $BTC
10 Days 10 Undervalued Gems - Day 5: $JUP
What is $JUP ?
$JUP is the governance and utility token for Jupiter Exchange, which operates within the Solana ecosystem. Jupiter is known for its role as a DEX aggregator, providing users with the best swap rates across various decentralized exchanges by optimizing liquidity routes.
What Does JUP Do?
• Liquidity Aggregation: Jupiter aggregates liquidity from multiple DEXs on Solana, ensuring users get the best possible rates for their token swaps with minimal slippage.
• Governance: JUP token h
$JUP is the governance and utility token for Jupiter Exchange, which operates within the Solana ecosystem. Jupiter is known for its role as a DEX aggregator, providing users with the best swap rates across various decentralized exchanges by optimizing liquidity routes.
What Does JUP Do?
• Liquidity Aggregation: Jupiter aggregates liquidity from multiple DEXs on Solana, ensuring users get the best possible rates for their token swaps with minimal slippage.
• Governance: JUP token h
Under Donald Trump's administration, there's a reported plan to eliminate capital gains taxes on U.S.-issued cryptocurrencies. This initiative focuses on promoting the use of domestically produced digital assets, aiming to make the U.S. a leading hub for blockchain technology and crypto innovation:
• Exemption Details: Cryptocurrencies created by U.S.-based entities would not be subject to capital gains tax, potentially encouraging investment and use of these assets in daily transactions.
• Political Context: This proposal aligns with Trump's broader vision to leverage cryptocurrencies in economic policy, reducing tax burdens and possibly using tariffs as an alternative revenue source. However, the plan has stirred debates regarding its economic implications and fairness.
Latest Updates
• Eric Trump's Confirmation: Recently, Eric Trump confirmed that cryptocurrencies like XRP, ADA, ALGO, and HBAR would be tax-exempt under this administration's policy. This statement has fueled discussions across various platforms and media outlets.
• Market Reaction: Following these announcements, there's been a notable buzz in the crypto community, with polls and social media sentiment indicating strong support for these tax exemptions.
Cryptocurrencies Poised to Benefit
Among others, the following U.S.-based cryptocurrencies could see significant gains due to this policy:
• $XRP - Known for its use in cross-border payments, XRP's exemption could boost its adoption in financial sectors.
• $ADA - With its focus on academic research and a slow but steady approach to development, ADA could attract more investors if freed from capital gains taxes.
• $HBAR - As a platform for building decentralized applications, HBAR's growth could accelerate with tax exemptions.
With the promise of tax-free gains, investors might shift capital towards these cryptocurrencies, expecting higher returns without the tax burden.
Companies might consider moving their operations or token issuances to the U.S. to take advantage of the tax benefits.
#USTaxExemptionPlan
• Exemption Details: Cryptocurrencies created by U.S.-based entities would not be subject to capital gains tax, potentially encouraging investment and use of these assets in daily transactions.
• Political Context: This proposal aligns with Trump's broader vision to leverage cryptocurrencies in economic policy, reducing tax burdens and possibly using tariffs as an alternative revenue source. However, the plan has stirred debates regarding its economic implications and fairness.
Latest Updates
• Eric Trump's Confirmation: Recently, Eric Trump confirmed that cryptocurrencies like XRP, ADA, ALGO, and HBAR would be tax-exempt under this administration's policy. This statement has fueled discussions across various platforms and media outlets.
• Market Reaction: Following these announcements, there's been a notable buzz in the crypto community, with polls and social media sentiment indicating strong support for these tax exemptions.
Cryptocurrencies Poised to Benefit
Among others, the following U.S.-based cryptocurrencies could see significant gains due to this policy:
• $XRP - Known for its use in cross-border payments, XRP's exemption could boost its adoption in financial sectors.
• $ADA - With its focus on academic research and a slow but steady approach to development, ADA could attract more investors if freed from capital gains taxes.
• $HBAR - As a platform for building decentralized applications, HBAR's growth could accelerate with tax exemptions.
With the promise of tax-free gains, investors might shift capital towards these cryptocurrencies, expecting higher returns without the tax burden.
Companies might consider moving their operations or token issuances to the U.S. to take advantage of the tax benefits.
#USTaxExemptionPlan
10 Days 10 Undervalued Gems - Day 4: $SUI
What is SUI?
$SUI is the native token of the Sui blockchain, a layer-1 solution aiming to redefine blockchain scalability, security, and user experience. Sui leverages an object-centric model and the Move programming language to enable fast, secure, and cost-effective transactions.
What Does SUI Do?
Governance: SUI token holders can participate in the governance of the network, influencing future upgrades and policy decisions.Transaction Fees: SUI is used to pay for gas fees on the network, ensu
$SUI is the native token of the Sui blockchain, a layer-1 solution aiming to redefine blockchain scalability, security, and user experience. Sui leverages an object-centric model and the Move programming language to enable fast, secure, and cost-effective transactions.
What Does SUI Do?
Governance: SUI token holders can participate in the governance of the network, influencing future upgrades and policy decisions.Transaction Fees: SUI is used to pay for gas fees on the network, ensu
The latest developments on Solana ETFs:
• Approval Expectations: There's considerable speculation around the approval of Solana ETFs in 2025. Polymarkets estimates a 77% likelihood of approval this year, which is seen as a bullish signal for investors. Matthew Sigel from VanEck has even suggested that these odds might be undervalued, indicating a higher chance of approval.
• ETF Filings: Several asset managers, including Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital, have filed for spot Solana ETFs. There's anticipation around these filings, with preliminary decisions expected in late January 2025.
• Market Impact and Sentiment: The potential approval of Solana ETFs has already influenced the cryptocurrency's price, with significant anticipation driving up interest. Analysts predict that if approved, Solana ETFs could attract between $3 billion to $6 billion in capital inflows, although this is expected to be less than what Bitcoin and Ethereum ETFs have seen.
• Challenges and Delays: Despite the enthusiasm, there are hurdles. The SEC's current stance under its new acting chairman might not see a quick approval, and ongoing legal battles over whether Solana should be classified as a security could further delay ETF launches.
While there's a strong push and expectation for Solana ETFs to be approved in 2025, the actual timeline might extend beyond due to regulatory challenges and the SEC's current disposition towards crypto ETFs. The situation remains fluid with much depending on regulatory shifts and legal outcomes.
#SOLETFsOnTheHorizon $SOL
• Approval Expectations: There's considerable speculation around the approval of Solana ETFs in 2025. Polymarkets estimates a 77% likelihood of approval this year, which is seen as a bullish signal for investors. Matthew Sigel from VanEck has even suggested that these odds might be undervalued, indicating a higher chance of approval.
• ETF Filings: Several asset managers, including Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital, have filed for spot Solana ETFs. There's anticipation around these filings, with preliminary decisions expected in late January 2025.
• Market Impact and Sentiment: The potential approval of Solana ETFs has already influenced the cryptocurrency's price, with significant anticipation driving up interest. Analysts predict that if approved, Solana ETFs could attract between $3 billion to $6 billion in capital inflows, although this is expected to be less than what Bitcoin and Ethereum ETFs have seen.
• Challenges and Delays: Despite the enthusiasm, there are hurdles. The SEC's current stance under its new acting chairman might not see a quick approval, and ongoing legal battles over whether Solana should be classified as a security could further delay ETF launches.
While there's a strong push and expectation for Solana ETFs to be approved in 2025, the actual timeline might extend beyond due to regulatory challenges and the SEC's current disposition towards crypto ETFs. The situation remains fluid with much depending on regulatory shifts and legal outcomes.
#SOLETFsOnTheHorizon $SOL
10 Days 10 Undervalued Gems - Day 3: $LINK
What is $LINK ?
$LINK is the native token of Chainlink, a decentralized oracle network that connects smart contracts with real-world data, APIs, and payment systems. Chainlink essentially enables smart contracts on blockchains to interact with external data sources securely and reliably.
What Does LINK Do?
Data Feeds: Provides price feeds, weather data, sports scores, and more to smart contracts, ensuring they can operate based on real-world conditions.Decentralized Oracle Networks: Chainlink's
$LINK is the native token of Chainlink, a decentralized oracle network that connects smart contracts with real-world data, APIs, and payment systems. Chainlink essentially enables smart contracts on blockchains to interact with external data sources securely and reliably.
What Does LINK Do?
Data Feeds: Provides price feeds, weather data, sports scores, and more to smart contracts, ensuring they can operate based on real-world conditions.Decentralized Oracle Networks: Chainlink's
10 Days 10 Undervalued Gems - Day 2: $XLM
Thank you all for the phenomenal support on my last post about HBAR! Your engagement and interest have been truly amazing.
What is XLM?
$XLM , or Stellar Lumens, is the native cryptocurrency of the Stellar network, an open-source, public blockchain designed to facilitate fast, low-cost cross-border payments. Created to bridge the gap between traditional finance and blockchain technology, Stellar aims to make money more fluid, markets more open, and people more empowered.
What Does XLM Do?
Transa
What is XLM?
$XLM , or Stellar Lumens, is the native cryptocurrency of the Stellar network, an open-source, public blockchain designed to facilitate fast, low-cost cross-border payments. Created to bridge the gap between traditional finance and blockchain technology, Stellar aims to make money more fluid, markets more open, and people more empowered.
What Does XLM Do?
Transa
Lesson Number 10: Blockchain Forks
Hello Binance Square! Today, we’ll learn about blockchain forks, their types & importance.
In the ever-evolving world of cryptocurrencies, blockchain forks represent significant updates that can alter the course of a digital currency. But what are they, and why do they occur?
Soft Forks are backward-compatible updates. They're like a software patch; old nodes recognize new blocks, ensuring a smooth transition. Think of it as an app update that still works with older versions.
Hard Forks, however, are akin to a system overhaul. They're not backward-compatible, creating a new chain that shares history with the old until the fork point. This can happen due to major enhancements or disagreements within the community, leading to two separate currencies.
Both types of forks are crucial for blockchain development, allowing for innovation and adaptation to new challenges. They occur when consensus is reached among network participants, ensuring that the blockchain remains a democratic and decentralized ledger.
Remember, forks can lead to the birth of new cryptocurrencies or simply improve existing ones. They're a testament to the flexibility and forward-thinking nature of blockchain technology. #HotTrends #educational #TrendingTopic #hottrend #Hardforks
Hello Binance Square! Today, we’ll learn about blockchain forks, their types & importance.
In the ever-evolving world of cryptocurrencies, blockchain forks represent significant updates that can alter the course of a digital currency. But what are they, and why do they occur?
Soft Forks are backward-compatible updates. They're like a software patch; old nodes recognize new blocks, ensuring a smooth transition. Think of it as an app update that still works with older versions.
Hard Forks, however, are akin to a system overhaul. They're not backward-compatible, creating a new chain that shares history with the old until the fork point. This can happen due to major enhancements or disagreements within the community, leading to two separate currencies.
Both types of forks are crucial for blockchain development, allowing for innovation and adaptation to new challenges. They occur when consensus is reached among network participants, ensuring that the blockchain remains a democratic and decentralized ledger.
Remember, forks can lead to the birth of new cryptocurrencies or simply improve existing ones. They're a testament to the flexibility and forward-thinking nature of blockchain technology. #HotTrends #educational #TrendingTopic #hottrend #Hardforks
Lesson Number 9: Oracles
Hello Binance Square! Today, we’ll learn about Oracles, how they work, their types and uses.
Oracles serve as crucial bridges between blockchains and the real world, enabling smart contracts to interact with external data. They are the key to unlocking the full potential of decentralized applications (dApps) by providing them with the information needed to execute transactions based on real-world events.
How Oracles Work:
Oracles collect data from outside sources and feed it into the blockchain, allowing smart contracts to act upon this data. For instance, an oracle can provide a smart contract with the current market price of a cryptocurrency, which can then trigger a trade if certain conditions are met.
Types of Oracles:
1. Software Oracles: Handle online data sources like market prices or weather information.
2. Hardware Oracles: Interact with physical world data, such as RFID in supply chains.
3. Consensus-based Oracles: Aggregate data from multiple sources to ensure accuracy and reduce the risk of manipulation.
Uses of Oracles:
Oracles are used in various sectors, including finance for price feeds in trading platforms, insurance for claims processing based on real-world data, and gaming for outcomes that rely on external events.
In essence, oracles expand the capabilities of blockchains by connecting them to the vast world of external data, making them indispensable for a truly interconnected and decentralized digital ecosystem. #educational #TrendingTopic
Hello Binance Square! Today, we’ll learn about Oracles, how they work, their types and uses.
Oracles serve as crucial bridges between blockchains and the real world, enabling smart contracts to interact with external data. They are the key to unlocking the full potential of decentralized applications (dApps) by providing them with the information needed to execute transactions based on real-world events.
How Oracles Work:
Oracles collect data from outside sources and feed it into the blockchain, allowing smart contracts to act upon this data. For instance, an oracle can provide a smart contract with the current market price of a cryptocurrency, which can then trigger a trade if certain conditions are met.
Types of Oracles:
1. Software Oracles: Handle online data sources like market prices or weather information.
2. Hardware Oracles: Interact with physical world data, such as RFID in supply chains.
3. Consensus-based Oracles: Aggregate data from multiple sources to ensure accuracy and reduce the risk of manipulation.
Uses of Oracles:
Oracles are used in various sectors, including finance for price feeds in trading platforms, insurance for claims processing based on real-world data, and gaming for outcomes that rely on external events.
In essence, oracles expand the capabilities of blockchains by connecting them to the vast world of external data, making them indispensable for a truly interconnected and decentralized digital ecosystem. #educational #TrendingTopic
Lesson Number 8: ICOs
Hello Binance Square! Today, we’ll learn about ICOs (Initial Coin Offerings), how they work, their types and examples.
An Initial Coin Offering (ICO) is a fundraising tool that startups use to raise capital for new cryptocurrency projects. It's akin to an Initial Public Offering (IPO) but in the digital currency realm. Here's how it works:
1. Creation: A company conceptualizes a new coin, app, or service.
2. Offering: They offer new tokens to investors, often in exchange for established cryptocurrencies like Bitcoin or Ethereum.
3. Utility: These tokens can grant access to the service being developed or act as a stake in the project.
Types of ICOs:
- Static Supply & Price: Fixed number of tokens at a set price.
- Dynamic Supply & Price: Total funds determine the price per token.
- Static Supply & Dynamic Price: Funds received set the token supply.
Examples:
- Ethereum's ICO in 2014 was a landmark event, raising $15.5 million.
- More recent ICOs include those by startups aiming to innovate in the decentralized finance (DeFi) space.
ICOs represent the cutting edge of crypto fundraising, offering a unique blend of opportunities for both creators and investors. While ICOs can be lucrative, they're largely unregulated. Due diligence is crucial. #educational #trendingtopic #ICO #CryptoFundraising #fundraising $ETH
Hello Binance Square! Today, we’ll learn about ICOs (Initial Coin Offerings), how they work, their types and examples.
An Initial Coin Offering (ICO) is a fundraising tool that startups use to raise capital for new cryptocurrency projects. It's akin to an Initial Public Offering (IPO) but in the digital currency realm. Here's how it works:
1. Creation: A company conceptualizes a new coin, app, or service.
2. Offering: They offer new tokens to investors, often in exchange for established cryptocurrencies like Bitcoin or Ethereum.
3. Utility: These tokens can grant access to the service being developed or act as a stake in the project.
Types of ICOs:
- Static Supply & Price: Fixed number of tokens at a set price.
- Dynamic Supply & Price: Total funds determine the price per token.
- Static Supply & Dynamic Price: Funds received set the token supply.
Examples:
- Ethereum's ICO in 2014 was a landmark event, raising $15.5 million.
- More recent ICOs include those by startups aiming to innovate in the decentralized finance (DeFi) space.
ICOs represent the cutting edge of crypto fundraising, offering a unique blend of opportunities for both creators and investors. While ICOs can be lucrative, they're largely unregulated. Due diligence is crucial. #educational #trendingtopic #ICO #CryptoFundraising #fundraising $ETH
Lesson #7: dApps (Decentralized Applications)
Hello Binance Square! Today, we’ll learn about dApps, how they work, their uses and some of their pros and cons. We'll also talk briefly about some major dApps.
Decentralized applications, or dApps, are a transformative force in the world of blockchain technology. They are applications that run on a peer-to-peer network of computers rather than a single computer, leveraging the power of blockchain to offer unique advantages over traditional, centralized applications.
How dApps Work
At the core
Decentralized applications, or dApps, are a transformative force in the world of blockchain technology. They are applications that run on a peer-to-peer network of computers rather than a single computer, leveraging the power of blockchain to offer unique advantages over traditional, centralized applications.
How dApps Work
At the core
Lesson Number 6: Blockchain Nodes
Hello Binance Square! Today, we’ll learn about the basics of blockchain nodes and their types, as well as why they are important for the security and reliability of blockchain networks.
A blockchain node is a device-stakeholder pair that participates in running the protocol software of a decentralized network. A node can be any electronic device, such as a computer, that has an IP address and can communicate with other nodes. Nodes work together to form the governing infrastructure of a blockchain, which is a decentralized, immutable, digital ledger shared across a peer-to-peer network.
The primary function of nodes is to maintain consensus of the blockchain's public ledger, which records all the transactions that occur on the network. Nodes do this by validating and monitoring the transactions and rejecting any that are invalid or fraudulent. Nodes also store copies of the blockchain ledger, either partially or fully, depending on the type of node.
There are different types of nodes in a blockchain network, including full nodes, light nodes, and miner nodes. Full nodes store a complete copy of the blockchain ledger and can verify any transaction on the network. Light nodes only store the necessary data to verify transactions, such as the headers of the blocks. Miner nodes are special nodes that create new blocks by solving complex mathematical problems and earn rewards for their work.
Blockchain nodes are essential for the security and reliability of blockchain networks, as they help to prevent attacks like double-spending and ensure that the ledger is consistent and accurate. Running a node requires technical knowledge and resources, such as computing power and storage space. However, there are many tools and services available that make it easier for users to set up and maintain their own nodes. #Node #Nodes #blockchainnode #TrendingTopic #educational $BTC $ETH $BNB
Hello Binance Square! Today, we’ll learn about the basics of blockchain nodes and their types, as well as why they are important for the security and reliability of blockchain networks.
A blockchain node is a device-stakeholder pair that participates in running the protocol software of a decentralized network. A node can be any electronic device, such as a computer, that has an IP address and can communicate with other nodes. Nodes work together to form the governing infrastructure of a blockchain, which is a decentralized, immutable, digital ledger shared across a peer-to-peer network.
The primary function of nodes is to maintain consensus of the blockchain's public ledger, which records all the transactions that occur on the network. Nodes do this by validating and monitoring the transactions and rejecting any that are invalid or fraudulent. Nodes also store copies of the blockchain ledger, either partially or fully, depending on the type of node.
There are different types of nodes in a blockchain network, including full nodes, light nodes, and miner nodes. Full nodes store a complete copy of the blockchain ledger and can verify any transaction on the network. Light nodes only store the necessary data to verify transactions, such as the headers of the blocks. Miner nodes are special nodes that create new blocks by solving complex mathematical problems and earn rewards for their work.
Blockchain nodes are essential for the security and reliability of blockchain networks, as they help to prevent attacks like double-spending and ensure that the ledger is consistent and accurate. Running a node requires technical knowledge and resources, such as computing power and storage space. However, there are many tools and services available that make it easier for users to set up and maintain their own nodes. #Node #Nodes #blockchainnode #TrendingTopic #educational $BTC $ETH $BNB
Lesson Number 5: DAOs
Hello Binance Square! Today, we’ll learn what a DAO is & how it works.
Imagine an organization with no CEO, no boardroom meetings, and decisions made democratically by its members. Welcome to the world of Decentralized Autonomous Organizations (DAOs), a revolutionary concept powered by blockchain technology.
At its core, a DAO is an entity without a traditional management structure, run by programming code and a consensus of its members' votes. It operates transparently on the blockchain, where every action and transaction is recorded and publicly viewable.
How Does a DAO Work?
DAOs function through smart contracts, which are self-executing contracts with the terms directly written into code. These contracts facilitate, verify, and enforce the negotiation or performance of an agreement.
Members of a DAO hold tokens, giving them voting rights on proposals that shape the organization's future. The more tokens you hold, the more weight your vote carries. This incentivizes token holders to act in the best interest of the DAO, as their decisions directly impact its success and their investment.
Why DAOs?
The allure of DAOs lies in their potential to enable global collaboration without the need for trust in a central authority. They offer a new paradigm for collective decision-making and resource management, opening doors to innovative projects and investments.
Some Major DAOs:
In the dynamic world of DAOs, five notable names stand out: Uniswap, a protocol for automated DeFi token trading; MakerDAO, which issues the Dai stablecoin and is governed by MKR token holders; Aave, known for creating money markets on its open-source platform; Compound, allowing users to earn interest through its lending pools; and Curve DAO Token, which manages liquidity on its decentralized exchange for stablecoins.
In essence, DAOs are the embodiment of decentralization, bringing the democratic ethos of blockchain to organizational governance. #DAO #daos #educational #DecentralizedGovernance #blockchaininnovation $UNI $MKR $CRV
Hello Binance Square! Today, we’ll learn what a DAO is & how it works.
Imagine an organization with no CEO, no boardroom meetings, and decisions made democratically by its members. Welcome to the world of Decentralized Autonomous Organizations (DAOs), a revolutionary concept powered by blockchain technology.
At its core, a DAO is an entity without a traditional management structure, run by programming code and a consensus of its members' votes. It operates transparently on the blockchain, where every action and transaction is recorded and publicly viewable.
How Does a DAO Work?
DAOs function through smart contracts, which are self-executing contracts with the terms directly written into code. These contracts facilitate, verify, and enforce the negotiation or performance of an agreement.
Members of a DAO hold tokens, giving them voting rights on proposals that shape the organization's future. The more tokens you hold, the more weight your vote carries. This incentivizes token holders to act in the best interest of the DAO, as their decisions directly impact its success and their investment.
Why DAOs?
The allure of DAOs lies in their potential to enable global collaboration without the need for trust in a central authority. They offer a new paradigm for collective decision-making and resource management, opening doors to innovative projects and investments.
Some Major DAOs:
In the dynamic world of DAOs, five notable names stand out: Uniswap, a protocol for automated DeFi token trading; MakerDAO, which issues the Dai stablecoin and is governed by MKR token holders; Aave, known for creating money markets on its open-source platform; Compound, allowing users to earn interest through its lending pools; and Curve DAO Token, which manages liquidity on its decentralized exchange for stablecoins.
In essence, DAOs are the embodiment of decentralization, bringing the democratic ethos of blockchain to organizational governance. #DAO #daos #educational #DecentralizedGovernance #blockchaininnovation $UNI $MKR $CRV
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