Best DAO Crypto Projects to Invest In

The public interest in DAO tokens has grown recently with more and more people investing in DAO crypto projects. The concept of a DAO, which stands for decentralized autonomous organization, has a lot of benefits to offer. 

First and foremost, it does not rely on a single person or a group of people to make the decisions on the direction of a project – there’s no centralized entity that can abandon a project or mismanage it. Instead, the investors have more autonomy and a say on the decisions the crypto project takes – anyone holding the DAO’s tokens can vote on changes. 

In this guide, we will explain in depth what DAOs are and how they work, what benefits are on offer for those that invest in them, and review some of the best DAO crypto projects to invest in for 2024. 

Best DAO Crypto Coins to Buy in April 2024

Below are the top DAO crypto projects and their native tokens to buy this year:

Best Exchange to Buy DAO Coins

DAO coins are extensively traded on brokerage platforms and cryptocurrency exchanges, many of which support various DAO tokens allowing you to build a decentralized portfolio – such as eToro.

Our top suggested broker to trade DAO coins is eToro which has recently launched a DAO Smart Portfolio tool for investing in and trading different kinds of DAO tokens. 

Top Crypto DAO Projects to Invest In – Full Reviews

Below you will find the detailed description for each of the DAO coins that we included in our recommendation list.

Smog – Trending Crypto Deep Diving into Multi-Chain Development

In the wake of a sensational 134% price surge at its launch, Smog (SMOG) is rewriting the narrative in the Solana meme coin sphere. As the Year of the Dragon unfolds, SMOG takes center stage by announcing a strategic shift to become a multi-chain ecosystem using Wormhole.

With a remarkable opening market cap of $53 million, Smog Token’s launch was met with enthusiasm, triggering a surge in the SMOG price. The ongoing airdrop campaign, already witnessing over 10,000 completed tasks, underscores the community’s fervor for this emerging token.

Breaking away from Solana’s confines, Smog Token is set to conquer new horizons with its recent launch on Ethereum through Wormhole and PortalBridge.com. This multi-chain endeavor aims to enhance accessibility and broaden Smog Token’s user base, marking a significant milestone in its evolution.

The expansion introduces a novel SMOG staking platform, offering a rumored fixed APY return of 42.0% with a 3-month lock-up period. By strategically implementing staking lock periods, the development team seeks to ensure a stable and resilient market, minimizing potential sell-pressure.

The SMOG token is available to purchase on the Jupiter exchange and currently trading at a price of $.066. As the liquidity pool and user bridge unfold, Smog Token is racing ahead, positioning itself as a dynamic force in the multi-chain landscape and setting the stage for further growth.

Visit Smog

WienerAI – Memecoin with Possible DAO-Based Perks 

WienerAI stands out as a promising investment opportunity among the best DAO crypto projects. With a multi-stage presale structure designed to create urgency and ensure stability, WienerAI offers investors early access while raising funds for further development. 

The project allocates portions of its token supply strategically: 30% to presale, 20% to staking, 10% to liquidity provision, and 20% to marketing efforts, including airdrops and giveaways to build a strong community, affectionately dubbed the Sausage Army.

WienerAI’s unique blend of AI technology and meme aesthetics sets it apart, presenting a novel approach to AI integration and fostering a friendlier perception of artificial intelligence. Its roadmap outlines a clear path to growth, with upcoming upgrades and expansion plans, including the introduction of AI-driven applications. Additionally, WienerAI’s staking program offers long-term incentives for holders, contributing to ecosystem stability and innovation potential.

As part of the meme coin ecosystem, WienerAI benefits from the current market enthusiasm for such assets, making it a timely investment opportunity. Its Ethereum-based infrastructure enhances investors’ accessibility and familiarity, while its narrative and community engagement contribute to its long-term growth prospects. 

With a diverse range of use cases and a committed development team, WienerAI emerges as a standout choice among DAO crypto projects for investors seeking high-reward opportunities.

Visit WienerAI

Bitcoin Minetrix: Overall Best DAO Crypto Project to Invest in 2024

Bitcoin Minetrix is one of the newest DAO cryptocurrency projects to be released in 2023 and has garnered massive interest from crypto enthusiasts worldwide.

Bitcoin Minetrix aims to reform and revitalize the BTC mining sector by addressing some pertinent concerns. The platform has developed a tokenized cloud mining environment with lowered entry barriers, enhanced security, and no up-front costs.

In a ground-breaking move, Bitcoin Minetrix blends the concepts of mining and staking to achieve this vision. To gain mining credits, users can stake the platform’s native $BTCMTX currency. Because the native ERC-20 $BTCMTX coins are not transferable, burning them rewards the user with mining time or revenue sharing.

Users of Bitcoin Minetrix only need an Ethereum-compatible wallet to purchase and stake BTCMTX tokens. They may manage their BTCMTX tokens and mining credits via a simple UI.

By tokenizing the cloud mining environment, Bitcoin Minetrix promotes accessibility and eliminates the need to buy cash contracts from mining companies. For Bitcoin Minetrix, which is still at the pre-sale stage, the soft cap goal is a little over $15 million.

Visit Bitcoin Minetrix

Bitcoin ETF Token – Popular DAO Project Celebrating Bitcoin’s Achievements

The Bitcoin ETF Token has recently emerged as a project drawing attention for its close association with Bitcoin and its noteworthy accomplishments. This DAO project, aptly named, serves as a celebratory digital asset, specifically crafted to mark the significant milestones achieved by Bitcoin. At its core, the project seeks to cultivate a vibrant community of Bitcoin enthusiasts, united in their celebration of Bitcoin’s triumphs. The anticipated outcome is a surge in the value of the BTCETF token, the native token of the project.

Investors are particularly drawn to the project’s staking feature, presenting an opportunity for them to generate passive income simply by holding onto the tokens. Even in its presale phase, the project has experienced a remarkable surge in investor interest, evident in the rapid sell-out of its tokens. At the time of writing, the BTCETF token is priced at $0.005.

The projected price surges are intricately linked to the project’s distinctive mechanism, wherein each milestone achieved by Bitcoin triggers a token burn, subsequently leading to a reduction in taxes. This unique aspect, combined with potential DAO integrations, positions the Bitcoin ETF Token as an enticing investment choice for those seeking substantial gains in the weeks or months ahead.

Visit Bitcoin ETF Token

eTukTuk – Top DAO Project in Presale Phase

The eTukTuk project is rapidly gaining traction as a decentralized autonomous organization (DAO) initiative, thanks to its community-centric ethos aimed at fostering a seamless and eco-friendly transportation system. This ambitious infrastructure, anchored by electric vehicles (EVs), is poised to commence its journey in Sri Lanka before scaling globally. Offering multiple services, including the EV vehicle itself and a network of interconnected charging stations, the platform aims to revolutionize transportation.

Key decisions concerning the platform’s development will be made through the DAO, ensuring a decentralized approach accessible to all users. Additionally, the project has unveiled a play-to-earn (P2E) game, providing investors with a preview of what to expect from the platform upon the launch of its core offerings. The native currency, TUK token, can also be staked to yield an impressive return of over 300%, offering investors the opportunity for passive income alongside potential token appreciation.

Currently in its presale phase, this DAO-powered crypto is poised for significant growth, having already surpassed the $500k mark, bringing it closer to achieving its first presale milestone. With its high utility and genuinely decentralized nature, eTukTuk crypto presents an enticing investment opportunity for those seeking exposure to a promising project in the crypto space.

Visit eTukTuk

5th Scape – A Potential Future for Decentralized Governance

While the 5th Scape project does not currently operate as a decentralized autonomous organization (DAO), its roadmap and tokenomics present an intriguing opportunity for investors interested in the burgeoning DAO ecosystem.

At the heart of 5th Scape lies the 5SCAPE token, an ERC-20 utility token that will serve as the primary currency for accessing games, making in-game purchases, and facilitating transactions within the project’s AR and VR gaming platform. The project aims to establish the world’s first comprehensive ecosystem for immersive digital experiences, with plans to develop a diverse portfolio of VR games, proprietary hardware, and a thriving creator economy.

One of the key aspects that make 5th Scape appealing for DAO enthusiasts is its commitment to decentralization and community involvement. The team has explicitly stated their intention to implement decentralized governance mechanisms, allowing 5SCAPE token holders to participate in key decision-making processes and shape the project’s future direction.

By empowering token holders with voting rights and a say in the allocation of funds, 5th Scape aligns itself with the core principles of DAOs, which prioritize transparency, community ownership, and collective decision-making.

Furthermore, the project’s presale has already raised over $1.2 million, demonstrating significant interest from the crypto community. With a fixed supply of only 5.21 billion tokens and a projected listing price of $0.01, early investors in the 5SCAPE token could potentially benefit from the platform’s growth and adoption within the AR/VR space.

While not a DAO itself, 5th Scape’s decentralized approach, community-driven ethos, and ambitious vision make it a compelling project to consider for investors seeking exposure to the DAO ecosystem and the intersection of cryptocurrencies with emerging technologies like AR and VR.

Visit 5th Scape

Uniswap – Leading DAO Coin in the DEX Industry

Uniswap is one of the pioneers in the decentralized exchange industry that are aimed to upgrade the crypto exchanging experience and enable no third-party cryptocurrency transactions. Uniswap uses the Ethereum blockchain which means that it enables swapping between all the ERC-20 tokens. All the ERC-20 tokens can be listed on the Uniswap exchange through the technology known as Smart contracts. 

But how are all the processes managed on the Uniswap exchange when there is not a middleman. Everything is done through Smart contracts. They bear certain trading information about swapping between two different coins. If an ERC-20 token is yet traded on the platform and you want to trade it, first you need to create its smart contract information which is quite simple. The fact that everything is done through the code reduces the role of the third party. 

This system also helps to make the platform more secure, decrease transaction fees, and improve management processes. Uniswap also has a governance token called UNI which was distributed among users (400 UNI/ per user) who have used the Uniswap platform before September 1. The UniSwap project has a circulating supply of 700 million UNI tokens, and the maximum supply of UNI tokens is 1 billion. With its market cap worth more than $2 billion Uniswap is the largest DEX coin at the moment. 

See our complete guide to buying UniSwap on eToro.

Buy Uniswap

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

ApeCoin – Popular DAO Coin Supporting Ape NFT Ecosystem

The APE token is the native coin of the ApeCoin decentralized autonomous organization which aims to contribute to the Ape ecosystem. It is a governance token for the ApeCoin DAO and the holders can play a role in the decision-making process. Additionally, APE is used within several games, platforms, and services that build the APE ecosystem.

Among APE’s most popular use cases is within the BAYC ecosystem, and it enables access to several products and services within the BAYC. BAYC stands for Bored Ape Yacht Club which is a leading NFT collection created by Yuga Labs in 2021. It introduces 10,000 NFT drawings of bored apes that are so popular that they were even traded for a million dollars apiece. The popularity of the BAYC NFT collection is due to the fact that the ecosystem attracted many celebrities, including Timbaland, Snoop Dog, Post Malone, Eminem, Paris Hilton, and many others. 

Another famous use case of the APE token is that of the Benji Bananas game. Collecting APE tokens will enable you to get a passing ticket within the game. You can also use APE tokens to swap between in-game tokens, etc. APE has a maximum supply of 1 billion APE tokens and almost 30% of the tokens are in circulation. The current value of the token is $3.66 making it the#44 largest crypto asset by market cap.

See our full guide on how to buy ApeCoin on eToro.

Buy ApeCoin

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Compound – Popular DAO Coin for Crypto Lending and Borrowing Platform

Founded in 2017, Compound is an Ethereum-based platform that enables people to borrow and lend cryptocurrencies in the liquidity pools. It is a type of decentralized exchange that works through the principle of the automated market maker so users do not need any third-party involvement to borrow or lend cryptocurrencies. 

As an AMM, Compound has two major parties in the whole process- borrowers and lenders. Lenders lock their assets in the liquidity pools which creates liquidity for the borrowers who can access those assets. By providing their tokens to the pool, lenders get incentivized cTokens that represent the assets they lock in the pool. Through those cTokens lenders get rewards for their services. Additionally, they can use the cTokens to withdraw their funds at any time. 

Apart from cTokens, Compound also has its native token – COMP. The latter has various use cases within the ecosystem, including governance and staking chances. COMP is also used to reward people every time they interact with Compound’s platform. Lenders are also rewarded with COMP tokens when they lock their assets in the liquidity pools. COMP token is #108 by its market capitalization. It has a circulating supply of 7 million COMP tokens (10 million is the maximum supply) and is valued at $32.29 currently. 

We also wrote a detailed guide on how to buy COMP.

Buy Compound

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

SushiSwap – Attractive DEX Platform for Passive Income Earning

Sushiswap is an AMM pretty much similar to Uniswap as it originated from Uniswap and is similarly based on the Ethereum blockchain. The project is currently in the process of being rebranded as Sushi. It is a decentralized exchange that was forked from Uniswap with an aim to create more earning ways and offer more DEX services. 

Sushiswap enables swapping, earning, borrowing, yield farming, and staking several ERC-20 tokens. Additionally, the DEX offers multiple tools for earning and Sushi Bar is among those tools that enable SUSHI staking. By staking SUSHI tokens, users can earn 0.05% of all the swapping fees. SUSHI is the native token of the platform and acts as a governance token. SushiSwap has a total supply of 250 million SUSHI tokens, half of which are circulating already. It is the 153th largest cryptocurrency by market cap. 

SUSHI is also listed on eToro and we wrote a guide on how to buy SUSHI.

Buy SushiSwap

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Maker – DAO Coin for Managing the DAI Stablecoin

Maker is one of the earliest Defi projects that was founded in 2015 by a group of people managed by Rune Christensen. The project consists of two components – Maker Protocol and Maker DAO both of which are based on the Ethereum blockchain. The Maker Protocol was created to manage the DAI coin which is a USD-pegged stablecoin meaning that the protocol is designed in a way to keep the DAI value equal to one USD.

Maker DAO is the body managing the protocol and it has a native governance token – MKR. The token is used to manage the changes on the Maker protocol and enable users to decide the ways DAI can be used. Users usually lock their cryptocurrencies in order to create DAI tokens and those holding MKR tokens can decide which cryptocurrencies can be locked to create DAI. Currently, the Maker protocol enables locking more than 10 crypto assets for generating DAI.

MKR is part of eToro’s DeFi coin portfolio and their DAO crypto project portfolio – see our guide on how to buy Maker.

Buy Maker

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

AAVE – Excellent Long-term Investment DAO Coin

As a decentralized cryptocurrency exchange system, the Aave protocol enables people to lend, borrow and earn interest on multiple crypto assets. Being an Ethereum-based project the Aave protocol works through the Smart Contracts meaning that it does not have a third party to manage the process. 

The principle of the protocol is based on the lending pools where users can lock their funds or borrow crypto assets. Currently, Aave supports lending and borrowing almost 20 cryptocurrencies, including ETH, MANA, DAI, etc. To lend their funds in the lending pool, special aTokens are created which are given to the lenders so that the latter can generate rewards through the aTokens. The lending pools are used to give tokens to those who want to borrow them. 

Along with the aTokens, Aave also issues AAVE token which is a utility token for the ecosystem and a governance system for the Aave DAO. The crypto asset is currently worth more than $810 million which makes it the $51 largest crypto project by market cap. The maximum supply of AAVE tokens is 16 million coins and almost 14 million tokens are already issued with each being traded at above $58.

AAVE is also part of eToro DeFi portfolio – see our guide on how to buy Aave on eToro.

Buy AAVE

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

How We Reviewed the Best DAO Coins to Invest in

When we recommend certain DAO coins to invest in 2024, we actually pick those coins after evaluating them through particular metrics. The latter is important to analyze in DAO projects if you want to invest in trustworthy projects that promise to bring you good returns in the future. Security is one of the essential features to consider when reviewing DAO coins. Before you invest in a DAO project make sure it is safe enough and offers reliable technology and an ecosystem that is hard to hack. 

The next significant factor to take into account is its potential growth. You can understand this by conducting a market analysis of the coin you want to buy. By exploring its price history, demand and supply correlation, and other similar factors you can have a certain understanding of the future price movements of the project. But it is not enough for guessing the right signals. You need to add to this also the fundamental analyses of the coin. 

Use cases are another good indicator if the project is worth investing in or not. The more and more significant use cases the coin has, the more demand it can generate. And if the coin gets popular and attracts several investments, its value will increase as a result of it. DAO coins usually have other use cases apart from being a tradable asset. Governing rights, staking opportunities, and yield farming, are some of the most popular use cases of DAO tokens. 

Are DAO Coins a Good Investment?

Whether DAO coins are a good investment or not depends primarily on your investment goals and budget. DAO projects seem to be quite promising in the cryptocurrency market. They bring a new method of the decision-making process to the project. Recently DAO projects are getting more attention and are often purchased as long-term investments.

One of the best things with DAO tokens is that they are not just a means of trading but offer several other futures. By getting DAO tokens, holders have the right to take part in the decision-making process about the DAO. Most DAO projects also grant rewards to their holders. Additionally, DAO token holders can just stake them for generating rewards or use them for yield farming. 

Still, before investing in any DAO project, you need to do your detailed research and make sure it won’t crash in the near future. You can take a look at the technology it offers, discover what plans the project wants to bring into reality in the future, what are the chances of winning the attention, what competition it will face in the future, and several other factors which can influence your final decision.

Where to Buy and Trade DAO coins?

One of the best methods to purchase or trade DAO coins is through brokerage platforms and cryptocurrency exchanges. But when looking for a good cryptocurrency broker to trade you may confront several of them. So, how to make the decision and make sure you have made a good choice. There are multiple things to consider when picking a good brokerage platform, including its safety mechanisms, privacy policy, regulations, prices, trading tools, etc. 

Our team of specialists conducted comprehensive research and checked these functions with multiple brokers. As a result of it, we have chosen eToro as our most recommendable online broker to buy DAO coins. See our full eToro review.

In brief, eToro is a very safe platform empowered with top-notch mechanisms to protect your account from hackers. 

When it comes to trading, eToro offers a cost-effective pricing structure with low spreads and commissions that differ depending on the volume and asset. As for the non-trading fees, eToro does not charge management fees either for having an account or for its social trading tools. There is also no deposit fee (only a small conversion fee is charged for non-USD transactions). A small withdrawal fee of $5 is taken every time you withdraw money from your exchange wallet. 

The broker is also highly functional and offers a good selection of trading tools and varieties. It not only supports cryptocurrencies but several kinds of assets – stocks, and ETFs. eToro also stands out with the social trading platform it offers. You can have your personal account on this platform and communicate with different other traders. Its CopyPortfolio and CopyTrader tools enable you to mirror any portfolio in a couple of minutes. 

If you’re interested in decentralized exchanges and their native tokens, also see our guide to the best DEX coins.

How to Buy DAO Coins Step by Step with eToro

If you are a newbie in the crypto market, you may be curious about how to buy DAO coins. This section will explain the step-by-step process with one of the leading online brokers – eToro. 

Step 1. Register for an Online Account with eToro

Visit the eToro website and create a free account. On the registration window that will spring up on your screen, you must correctly fill in the details required by the broker. After providing the necessary information about your identity, you must verify your account through some steps. 

The first two stages of verification are extremely simple – all you need to do is to provide an email and a phone number. The other two are identity and address verification which you can undergo through a passport, ID, or driver’s license, and through a bank document or a utility bill, respectively.

Step 2. Fund Your Account

Once you get done with the verification process, you can get to charge your account, which is a must to process a contract. For doing this, visit the deposit section of the website and click on the available payment method for you. After that, you need to register the information about your bank card, or e-wallet. Once you link your account with the payment method, you can fill in the amount of money you want to deposit and finish the transaction. 

Step 3. Search for a DAO Coin

When you have a funded account, you can finally get to buying the DAO coins you want. In the upper part of eToro’s website, you will find the search toolbar where you need to type the DAO token name to find it on the platform. Alternatively, you can visit the cryptocurrency market of eToro and browse to find what DAO coins it supports buying. 

Step 4. Buy DAO Coin 

eToro not only enables you to buy the coin but also has separate pages dedicated to various coins. The pages will appear once you search the DAO coin name. Here you will be provided with multiple research tools, graphs, charts, and news to conduct research about the token before you invest in it. When you are ready, click on the “Trade” button and type the amount of DAO coin you want to invest in it. Check out once again if everything is filled out correctly and finalize the transaction to get the coins on your exchange account. 

Where to Trade DAO coins?

If you want to trade some DAO coins and generate rewards from price movements, you will definitely need a suitable trading platform. Some of the most crucial things to pay attention to when selecting a brokerage platform are security, quick-to-operate platform, and trading fees. Below we have provided the list of the best brokers to trade DAO coins which have been chosen after a detailed analysis. 

• eToro
• Binance
• OKX

Conclusion

To conclude, DAO projects seem to be profitable investments both in the long term and in the short term. However, there are so many options when it comes to the selection process that it can be a challenging task to find the right DAO projects worth investing in. It means that you must carefully scan the market and pick up the ones that have a word to say in the industry.

It is also important to consider what platform to select for buying DAO coins. Our top recommended broker is eToro due to its beginner-friendly interface and competitive trading fees. Due to these features, it is a quick process to buy DAO coins through some simple steps. 

Our pick for the best DAO project is Smog token. This is because it shows the signs of being a successful memecoin.

Smog (SMOG) - Meme Coin With Rewards

Rating

• Airdrop Season One Live Now
• Earn XP To Qualify For A Share Of $1 Million
• Featured On Cointelegraph
• Staking Rewards - 42% APY
• 10% OTC Discount - smogtoken.com

Visit Site

Related

• Best Utility Tokens to Buy
• Top DeFi Coins to Buy

Smog (SMOG) - Meme Coin With Rewards

Rating

• Airdrop Season One Live Now
• Earn XP To Qualify For A Share Of $1 Million
• Featured On Cointelegraph
• Staking Rewards - 42% APY
• 10% OTC Discount - smogtoken.com

Visit Site

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