WHAT IS DAO
One of the best ways for startups to raise initial capital for their blockchain-based business opportunity. It has all the benefits of blockchain technology embedded into it. The funds are used to provide financial support for a digital currency project through crowdfunding.
BUY BACK
A mechanism happens when a project removes a particular amount of its tokens from the market by sending them to a dead address, thus eliminates those tokens permanently. After that, the same project uses its very own funds to repurchase an amount of those burnt tokens and hold them in their wallets.
BURNON TRANSACTION
A method where a particular amount of tokens from the sender account is decreased and thus led to a decreased supply of tokens in the blockchain. This Burn transaction can be sent by any user who owns a token.
