Yesterday we questioned governance tokens. Today, we zoom in on DAOs—Decentralized Autonomous Organizations. Sounds powerful, right? Sometimes it is. Sometimes it’s window dressing.

A real DAO is community-run, with no central boss. Proposals, votes, and treasury control come from the token holders. But in many cases, a small group of insiders quietly calls the shots. That’s not decentralization—that’s branding.

Want to tell the difference? Check vote history, quorum requirements, and how many wallets actually hold voting power.

Tomorrow, we’ll explore how DAOs can work right—and highlight a few that actually walk the walk.

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Fun Fact Of The Day

The original DAO launched in 2016 on Ethereum—and was famously hacked for $60 million, triggering Ethereum’s first major fork and the birth of Ethereum Classic.