Cryptocurrency Acronyms and Meaning (BTD)&(DAO)



BTD: is a term often used to encourage buying an asset after a fall in market price. The acronym stands for 'buy the dip', which is shorthand to suggest taking advantage of a perceived opportunity to lock in an asset at what is seen as a discounted price, with the idea that the price of the asset will eventually increase in value.

DAO: A decentralised autonomous organisation (DAO) is, in principle, a group designed to be autonomous and operable without a central point of control. It is usually composed of a community which delegates day-to-day management to a committee that agrees to comply with certain rules for a common purpose. The community, in theory, thereby collectively owns and manages the DAO through its native token and helps the DAO work towards a unified goal.
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ybaser
· 11h ago
Just charge forward 👊
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