Asides from decentralized finance (DeFi), there are other use cases for blockchain technology. These use cases include DAOs, short for decentralized autonomous organizations.
DAOs allow users to borrow and lend money without centralized intermediaries.
They operate using stablecoins often tied to fiat currency to promote stability. The problem with dependable fiat currencies is they are tagged to a central authority, defeating the aim of decentralization. It is for this purpose that one of the best DAOs – Adirize DAO (ADI), is on our list for this article.
Adirize DAO (ADI)
Adirize DAO intends to answer the question- “What if you could have a stablecoin that was less volatile than other cryptocurrencies and hence better suited to everyday transactions but didn’t rely on any fiat currencies?”
The vision of Adirize DAO (ADI) is for their token to become a stable currency to be utilized in daily transactions, meeting reasonable expectations of users without relying on a treasury of assets or other traditional pegs.
The need for ADI comes with the severity of cryptocurrencies in terms of volatility. However, stablecoins can be controlled, so they aren’t reliable either. With free-floating reserve money backed by a basket of assets, ADI will retain its potential as a valuable purchasing power.
ADI will act as an unpegged coin, with higher immunity to volatility than other cryptocurrencies in the market. Users will also vote, as the ADI token gives governance power to members.
How To Buy Adirize DAO (ADI)
Adirize DAO (ADI) has begun presale in earnest, and there are so many bonus offers for holders depending on the cryptocurrency they buy with. A purchase with Ethereum (ETH) or Bitcoin (BTC) gives you up to 12%, and slightly lower if you use Binance Coin (BNB).
You can buy ADI on the official website by clicking on the “buy presale” button. Create an account, connect your wallet, and you’re ready.
Maker DAO (DAI)
The primary purpose of the Maker DAO (Dai) is to serve as a lending, borrowing, and saving platform for users to lend themselves money. This is done using the cryptocurrency, Dai, under the condition that the collateral used to borrow must be 150% of the total Dai coins collected.
The Maker DAO platform is built on the Ethereum (ETH) blockchain and, in true fashion of a DAO, allows holders to cast votes on proposals implemented in protocol maintenance. In return, the protocol- smart contracts- powers Dai.
As a stablecoin, Dai is pegged to the value of the United States dollar. The coin is backed by crypto assets and has a fixed value almost resistant to crypto market volatility.
Cardano (ADA) (ADAO)
Although Cardano (ADA) didn’t start as a DAO blockchain, it has evolved into one of the world’s largest DAOs.
The stablecoin protocol, ADADAO, is instrumental in facilitating the “creation of fully collateralized stablecoins leveraging native Cardano assets.” It uses an interest-free borrowing policy, with the operating stablecoin- ADAO backed by on-chain collateral.
Judging from the many benefits of the Cardano (ADA) blockchain, the stablecoin project has a solid foundation and much to offer through stability and rewards.
Adirize DAO’s (ADI) plan might be the spark needed to bring adoption to cryptocurrency.
With unstable prices being at the top of the reasons why many individuals are not engaged, the provision of a decentralized reserve currency could serve as a game changer for the cryptosphere.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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