Saturday, May 21, 2022
Home Press Release To Invest or Not To Invest In DAO Tokens: FIREPIN (FRPN) vs...

To Invest or Not To Invest In DAO Tokens: FIREPIN (FRPN) vs Uniswap (UNI)

- Advertisement -

DAO Tokens have taken over the crypto world by instilling the spirit of community. The rise of cryptocurrencies over the pandemic can be seen as an intersection with the feeling of belongingness that society sought over the pandemic. Hence, the crypto community has proven to be very interactive and closely knit. This is one of the non-material gains that investors enjoy from being crypto enthusiasts.

Here is why more and more investors are trusting DAO-based cryptocurrencies. Moreover, this article talks about two DAO tokens that should definitely be on your watchlist!

Why Invest in DAO Tokens?

The DAOs are community-led and the absence of a central authority gives the investors a feeling of autonomy without burdening them with a lot of responsibility. This balance makes DAO tokens a perfect investment for analytical investors who do not like taking big gambles. Members of the DAO who also own tokens are given a predetermined percentage of the exchange’s transaction volumes.

Members must purchase the DAO’s native tokens, which are essentially coins linked to the initiative. According to such token holdings, all token holders have voting rights in the community. The members also hold equity in the DAOs in proportion to the number of tokens they possess. Hence, the profit that one may reap is double-sided which can be liquidized through tokens and equities. There is also a space to direct the future growth of the DAO by making wise use of the voting rights. Hence, bigger financial scalability is promised by DAOs that work on ambitious projects.

These are two DAO tokens that could work for your crypto future:


FIREPIN (FRPN) is a brand new cryptocurrency and the developers identify it as a community token. The main aim of this project is to bring all the blockchains closer together and enhance their accessibility. It will connect the Ethereum (ETH), Binance Smart Chain (BNB), and Polygon (MATIC) networks, according to the developers. The addition of further chains will be determined based on members’ votes.

For the FIREPIN reward system, a 2% charge is collected from each buy and sell transaction on decentralized exchanges and added to an airdrop pool. Every week, existing token holders will receive an airdrop of their tokens. Hence, you can gain tokens by just retaining the tokens you already have! FIREPIN also promises to channel its treasury funds towards developing futuristic NFT games and Metaverse VR games.

These are just some of the many features that Firepin (FRPN) has promised. It is currently in its second presale phase after a successful first phase. This could be the perfect time to lock down your investments with FRPN tokens and claim autonomy over your investments.

Uniswap (UNI)

Uniswap (UNI) is the DAO token with the highest market capitalization. Uniswap (UNI), a decentralized blockchain, was first released in 2018. It was also the first platform to implement AMM (Automated Market Maker). The AMM technology uses liquidity pools rather than a traditional market of buyers and sellers to allow digital assets to be traded in a permission less and automated manner. Liquidity pools are proven to be a significant tool in the DeFi ecosystem, as they may be customized for a variety of applications.

This technology underpins all of the platform’s decentralized exchanges (DEXs). There is no need to be concerned about third-party involvement because the platform uses Decentralized Finance. Furthermore, because the Uniswap platform is built on the Ethereum blockchain, it could profit from the ERC-20 token standard’s usefulness.

Uniswap launched its DAO Tokens only in 2020 and that worked wonders for the blockchain network as the investors benefited and offered consistent positive feedback for UNI coins. Following the lines of a general market slump, UNI tokens are facing a decline in their value which makes it the best opportunity to invest while the price is in a dip.

Uniswap (UNI) and FIREPIN (FRPN) are two of the most promising DAO tokens that one may trust at the moment. It would be ideal to invest in a token that gives back more than just money and adds to the spirit of community and asset holding!

Learn more about FIREPIN Token (FRPN):

Join Presale:




- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert Brown
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Burn The Remaining Terra USD (UST) Vote Passed But Failed to Execute Due to Technical Issues

Terra’s Proposal to Burn UST Failed to Execute Due to Technical Issues. window.coinzilla_display = window.coinzilla_display || ; ...

Shiba Inu Lead Developer Says Things Will Get Interesting Next Week 

Something Interesting coming for Shiba Inu community. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

Bill Gates Says He Is Not Invested In Crypto Because It is Valueless to Society 

The former world's richest person does not have any love for crypto. Bill Gates, the co-founder of popular tech company Microsoft disclosed that he does...

Binance CEO Says UST and LUNA Crash Could Have Been Avoided If Terra Used Its Bitcoin Reserve Earlier 

CZ is still not happy with the way Terra handled last week’s situation as he believes the crash could have been avoided if the...

Tether CTO: LUNA And UST Were Flawed In Design But Not A Rug Pull

The team at Terra has been struggling to save LUNA and UST after a sudden crash that sent the price of LUNA spilling down...

Two Major Indicators Suggest Bitcoin (BTC) Possible Price Rebound Above $35,000 

There is a likelihood that Bitcoin's price will rebound soon as it currently sits around major support levels.   Following last week’s market turmoil that...

Majority Of Terra Community Wants New Luna Chain Without UST

The Terra community has been deliberating on the way forward after the crypto lost over 95% of its ATH value. Many in the crypto...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.