OpenDOA Alliance
One of the most important purposes of why OpenDAO permit alliance is to gain access to knowledge or resources provided by another cryptocurrency project in other to better its project.
Other reasons why OpenDOA permit Alliance
To enhance its Liquidity
In other to improve the liquidity of OpenDAO, it permits alliance with other projects that can help to improve its liquidity. Liquidity is simply the ability to convert a token or an asset into cash easily and without losing money against its market price. By having more comparable trading pairs on OpenDAO, its exchange’s liquidity is effectively multiplied. Adequate liquidity helps a project to maintain its users; traders are also more likely to interact with OpenDAO.
Transfers
By allying with other projects, OpenDAO makes it easier for users to be able to effortlessly convert its token to other forms of currencies, and through this ability, OpenDAO gains an added value for its users
Ease of Acquisition
By allying with other crypto projects, it makes it possible to trade OpenDAO on more exchange platforms. OpenDAO also participated in faucets, by sending some amounts of its token to users for performing some required tasks. This has made it a lot easier for users and community members to acquire more OpenDAO tokens to trade with.
Community
The community behind a project can greatly influence its acceptance and growth. OpenDAO alliance with more crypto platforms has helped to grow its community, hereby, making OpenDAO have a more rapid surge to stardom and have more potentials to be a long term project
Demand for Token
The value of OpenDAO is related to the demand for it. OpenDAO alliance with more crypto platforms increases the demand for more $OPEN, hereby, making $OPEN more valuable. Though OpenDAO is also able to create demand for itself, this is why the value continues to increase.
Below are few Platforms OpenDAO is working with to better its platform:
OpenDAO in alliance with Elrond Network to bring more utility and interoperability between their protocol
Read More - https://bit.ly/2LKhxye
OpenDAO expands beyond Ethereum onto Binance Smart Chain (BSC)
Read more - https://medium.com/opendao/pancakes-burgers-and-binance-oh-my-60512a65880e
OpenDAO announces its alliance with UMA protocol
Read more — https://medium.com/opendao/uma-improvement-proposals-umips-seeing-the-future-3ae09deeefb3
OpenDAO also announced its alliance with the PancakeSwap Syrup Pool
Read more - https://medium.com/opendao/opendao-x-pancakeswap-have-your-cake-eat-it-too-9f89fae7a7e1
OpenDAO is in collaboration with @AinslieWealth and @value_defi
Click to read more - https://t.co/laroRUzh7W
OpenDAO is in collaboration with Big Data Protocol(BDP) A stable coin…
Click to read more about it and the user benefits - https://medium.com/opendao/big-data-protocol-opendao-a-new-stablecoin-2770ea19b624?source=friends_link&sk=795357d318cf23497e1d78a39f098f31
OpenDAO is in collaboration with Ravencoin
Click to read more about it and the user benefits -
https://medium.com/opendao/ravencoin-opendao-rvn-backed-stable-coin-7b4f15b47abb
OpenDAO is in collaboration with pToken ( expanding onto xDAI)
Click to read more about it and the user benefits - https://medium.com/opendao/two-peas-in-a-pod-opendao-x-pnetwork-af6e50635320
OpenDAO Community Program. Get More $OPEN reward as a community member
Click to read more - https://medium.com/opendao/open-dao-ambassadorship-program-f1724ec8911f?source=friends_link&sk=436a912a5b54559ba6b32dbc71d22a86
OpenDAO Main Links
Site: https://OpenDAO.io
White Paper: https://opendao.gitbook.io/whitepaper-v2/
Transparency Document: https://opendao.gitbook.io/transparency/
GitHub: https://github.com/opendao-protocols
Youtube: https://www.youtube.com/channel/UCv5O3ANjupSH_yJmdY4o59g
Twitter: https://twitter.com/opendaoprotocol
Telegram: https://t.me/opendao
Facebook: https://www.facebook.com/
OpenDAOofficialReddit: https://www.reddit.com/r/OpenDAO/
