Crypto DAO Projects To Invest In 2024

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1. MakerDAO MakerDAO is a prominent dApp on the Ethereum blockchain, holding a significant share of DeFi liquidity.

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Native token: MKR, widely recognized in the cryptocurrency space. Used globally for lending stablecoin DAI, generated by depositing ETH into Maker Vault.

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Unique Features - Transactions recorded on Ethereum blockchain, ensuring transparency and auditability. - Allows collateralization of ETH holdings to borrow DAI.

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Pros and Cons - Pros: Trustworthiness through transparency, low transaction fees, decentralized lending and borrowing platform. - Cons: Risk due to malicious attacks, perceived as risky.

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2. Pikamoon Pikamoon introduces GameFi with 1v1 multiplayer competitions and a post-ICO rush. PIKA prizes, ELO-style ranking system, and additional income through NFTs.

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Unique Features - Investment vehicle with upgrades leading to in-game P2E victories. - Staking PIKA for more rewards and passive income through NFTs.

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3. Uniswap Uniswap eliminates conventional order books with liquidity pools. Users deposit ERC-20 tokens, earning interest higher than traditional savings accounts.

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Unique Features - Swift exchange of any digital asset on Ethereum using ERC20 tokens. - Fee from trades split among liquidity providers in the pool.

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Pros and Cons - Pros: Supports widely used wallets, low fees, decentralized. - Cons: Perpetual loss risk, no KYC, gas prices based on Ethereum network throughput.

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4. Green Bitcoin Green Bitcoin fuses Bitcoin heritage with an eco-friendly Ethereum blockchain. Gamified Green Staking, passive income streams, and energy efficiency 10,000 times higher than Bitcoin.

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Unique Features - Predict-to-earn rewards, several passive income streams, and eco-friendly design. Pros and Cons - Pros: Transparency, low fees. -Cons: Few identified cons.

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5. Aave: DeFi Lending Protocol Aave, a DeFi lending platform for cryptocurrencies with an open-source liquidity protocol. Instantaneous lending and borrowing using ERC20 tokens on the Ethereum network.

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Unique Features - Instantaneous lending and borrowing, eligibility for loans from a diverse pool of digital assets.

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Pros and Cons - Pros: Diverse asset eligibility, stable interest rates. - Cons: Less user-friendly, no KYC.