DAO voting tokens are highly overvalued...
This is cus the value they have is in voting, it doesn't give any legal rights, rights over the protocol, no dividends
And worse, many times the supply is centralized twisting the voting
DAO voting tokens are highly overvalued...
This is cus the value they have is in voting, it doesn't give any legal rights, rights over the protocol, no dividends
And worse, many times the supply is centralized twisting the voting
I agree. The worst part is, the every day retailers cannot buy the stake that gives them significant DAO voting power because of the overpriced tokens.
This is true for a lot of blockchains and protocols, but i feel some of these things are different with hive. Hive's Dao token (hive), gives dividends, and though it is not very close to evenly distributed, it is as decentralized as it gets