The "gifts" given by local DAO dogs have hidden their value.

During the period of December 29 in Beijing, a project called "Gas DAO" once again gained popularity with the cryptocurrency community.

Gas DAO is a decentralized autonomous organization that has announced its vision to represent the most active Web3 users of the Ethereum network, connecting the worlds of DeFi, NFT and Dapps. GAS is the ERC-20 management token of Gas DAO. In the future, users with 1 billion tokens will be able to start the app. Fuel consumption over US $ 1559). Detailed information on the future development of the project is unclear on the official website.

With the launch of the airdrop app today, the Ethereum network started to stagnate, fuel prices skyrocketed and hit nearly 200 Gwei at a time. The current market value of GAS is US $ 0.00049 and the secondary market value is close to US $ 100 million. Additionally, some users responded that they were selling tokens on Uniswap and the slippage was more than 10%.

“Gas DAO” is the microcosm of the recent DAO movement.

With the new wave of "DAO" revolution launched by OpenDAO (SOS) on Christmas Eve, more and more companies are joining this movement, shifting the right of ideas from campaigns to the community to experience integration. On December 28, a project called "MaskDAO" started dropping the MASK token for MetaMask users. However, this activity was not approved by MetaMask, and Metamask announced a "phishing site" warning users and restricting access to the site.

At the same time, questions have been raised about the legitimacy of the DAO project. PUNKS Comic founder Beanie said people don't have to search for SOS; Canary Collection co-founder osf tweeted, “Is SOS personalized?

In our opinion, this type of DAO project is at the heart of the MeMe piece and often spends a short time in the hype, marketing, and community pulling to gain human attention. Users participating in these activities should be aware of the following risks:

One is the concentration of project chips, which can lead to increased risk. Independent companies, such as OpenDAO, MaskDAO, and Gas DAO, typically own more than 50% of all tokens held on behalf of DAO management, financial backing, etc. For example, Gas DAO reserves 30% of the tokens for the DAO Vault and 15% of the tokens for 25 key contributors. The short price increases the risk of arbitrage trading hitting the market. Users should be aware of exchange rate risks.

The second is the risk of your wallet's private key being leaked. Most of the various DAO functions that have occurred recently have not been inspected by physical exam experts and require users to accept a smart contract when requesting the token, which can make wallet locks a private key. and the thief of his property.

The third is to pay attention to the courageous grid. Some DAO companies deliberately send parts to sites under the KOL contract, creating the illusion of large purchases, which can make customers buy them, but when users buy, they know they can't sell, so they end up with money. . will lose.