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One well-liked option to accomplish this feat is by giving token holders a voting say within the protocol’s operations by means of a DAO. Certainly, Parrot bought over $80 million of its PRT “governance token” to the general public in late 2021. However Parrot by no means arrange a DAO by means of which PRT house owners might vote on something. As an alternative, the workforce executed main selections, from altering tokenomics to “belief me bro” investments, with out holding a proper vote.
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