Utility
The $ALGO token serves multiple underlying functions within Algo Capital's DAO ecosystem
These include:
Acquisitions: $ALGO can be exchanged for other cryptocurrencies or assets, which ultimately contribute to the DAO treasury.
Access: Holders of $ALGO gain entry to the DAO and its entire ecosystem, contribution opportunities, airdrops and more.
Incentives: The token is utilized to reward the efforts of contributors and partners.
Governance: $ALGO holders can exercise their voting power to steer the DAO in specific directions.
Decentralization: Through token exchanges and remunerating contributors, the DAO's decision-making power and decentralization are strengthened.
Presently, these are the key features enjoyed by the $ALGO token. Looking ahead, as the $ALGO token enters the market, additional planned mechanics, such as a burning mechanism, could be introduced.
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