SHERIDAN, Wyo., Feb. 27, 2022 /PRNewswire-PRWeb/ -- A first-of-its-kind crypto index for Decentralized Autonomous Organizations (DAO) has been launched by the Future Money Wallet.
A crypto index is a mathematical method for tracking the performance of a group of crypto assets. Sophisticated investors use Indexes to make better decisions.
DAOs are disrupting the world of Decentralized Finance. A DAO is like an "Internet-based community with a shared bank account". You can think of it as a mutual fund where instead of a central manager, the participants decide on the investment and other decisions.
DAOs exist only on a blockchain and their rules are coded in "smart contracts". Since DAOs run on public blockchains, anyone can check and verify all the financial transactions made by the DAO. Members of a DAO don't have to trust each other - they have to trust the code.
The FUTURE DAO Index is a market capitalization index based on:
1. Aave (AAVE)
2. Compound (COMP)
3. Curve DAO Token (CRV)
4. Dash (DASH)
5. Decred (DCR)
6. Maker (MKR)
7. SushiSwap (SUSHI)
8. Uniswap (UNI)
The base date of the FUTURE DAO Index is Thursday, 24th February 2022.
Media Contact
Shinam Arora, Future Money Wallet, 91 7798456306, [email protected]
SOURCE Future Money Wallet
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