Description
DAOX is a thematic index which seeks to provide investors with a diversified exposure to the nascent and crypto-native DAO space.
The DAO landscape is in its initial stages and is constantly expanding; however, a significant number of Protocol DAOs have reached an appropriate level of maturity. The DAOX construct includes the two largest Protocol DAOs by market capitalisation in order to provide the appropriate exposure to this sub-segment and a reduction in overall volatility.
In terms of non-Protocol DAOs, DAOX includes projects with robust liquidity on the main ERC-20-based Decentralised Exchanges (?DEXes?), assets that have gathered pace, have passed the initial stages and have reached a relevant size. The overarching narratives in the DAO landscape are considered in order to maintain an appropriate level of diversification.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, The DAOX Index has established itself as a formidable player. It is currently ranked #4,170 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in The DAOX Index as a viable digital asset.
Tokenomics
The tokenomics of The DAOX Index consist of a total supply of 1,051 tokens, out of which -54,983 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your The DAOX Index tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade The DAOX Index, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in The DAOX Index with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
