Decentralized Autonomous Organization (DAO)

What does Decentralized Autonomous Organization (DAO) means?

These are transparent organizations with no centralized control. The essential attribute of a DAO is that nobody governs it. It uses autonomous rules based on smart contracts. In DAOs, an individual can’t decide what happens in an organization, as everyone shares equal voting power to determine an agreement.


Some examples of DAOs include:

  1. Uniswap
  2. Decentraland
  3. MakerDAO
  4. BitDAO

Random Slangs


A combination of “token” and “economics.” It defines the financial chain attribute of a digital token that makes it attractive to investors. These include statistical


An acronym for “Not financial advice.” For instance, you might call an NFT community to action but warn them that it’s NFA. Examples A usage

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A scornful description of NFTs. People who don’t believe in NFTs often use this phrase to express how easy it is to acquire an NFT


The NFT way of typing the word “dead.” It’s used when an NFT project goes down the drain from a pump and dump or rug

Seed hash

These are randomly generated sequence of values that encrypts transaction keys in cryptography. While the “hash” function handles encryption, the “seed” function helps generate unique

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