Are Crypto DAOs a BAD Idea?

Save
4 years ago
5

Best DAOS. Are DAOs legit? What is a crypto DAO?
💵Get up to $250 in Bitcoin from Blockfi https://blockfi.com/MaxMaher
🔗Join Finova! (formerly Patreon): https://finova.finance/plans/

✨ Kucoin (exchange I use): https://www.kucoin.com/ucenter/signup?rcode=rJMS45S
Binance Exchange: https://accounts.binance.us/en/register?ref=54440935

👴iTrust Capital Crypto Roth ($100 free) https://itrust.capital/maher

💻Free Discord Link: https://discord.gg/9wSVmT2ewU

📚 My YouTube School: https://max-maher.teachable.com/p/complete-guide-to-building-an-audience-and-wealth-on-youtube

💵LIMITED: Get 2 FREE Stocks: https://act.webull.com/k/X1eTd9ityFvU/main

🚚My in-depth moving company course: https://max-maher.teachable.com/p/moving-company-millionaire

📷ALL of my camera and recording equipment: https://www.amazon.com/shop/maxmaher

Stake your Cardano in my stakepool! Ticker Symbol: MAX1 https://www.stakewithmax.com

✉️Join my newsletter: http://eepurl.com/gWantb
My Instagram: https://www.instagram.com/maxwell_maher/

DAO scam checklist: https://docs.google.com/document/d/1nIs_FcaBLlH6JoKsUcOfkR3TpEw-9XSdGrzDx1kCIks/copy

Best altcoins
Top cryptos
Best cryptos to buy
DAOs explained
Are DAOs real?

OlympusDAO pays 4,000% APY.
An eye-watering number by any measure.
However, in the world of DAOs, 4000% is basically chump change.

In the last week, I’ve spent a lot of time researching these projects..
And seeing returns of 500,000% to 4,000,000% feels like I’m looking at internet pop-ups from 1998.

The truth is many of the DAOs out there are in fact scams.
And these organizations have become the newest way to lure eager investors into rug-pulls.

But I don’t want to ignore the space completely – because the tech at play here could go so far as to redefine not just finance… but the way we organize communities in general.

DAO definition
This is a Decentralized Autonomous Organization,
You can think of this as the blockchain equivalent of a horizontally structured community. A blockchain commune, if you will.
Or as Forbes describes it... “an internet community with a shared bank account”.

The idea is a community where no one member influences what the organization does without the consent of the majority.
Most DAOs have their own governance tokens, which act as a sort of voter’s ID in currency form.

Schedule one-on-one business consulting with me here: https://max-maher.teachable.com/p/1hr-consultation-call

*I am not a financial advisor. This is not financial advice*

Loading comments...