Token hoarders defeat the purpose of most DAOs: Study By Cointelegraph

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A pair of researchers from the University of Texas at Austin and Princeton University conducted a study to determine how tokenization affects decentralization in decentralized autonomous organizations (DAOs). Their findings indicate that many of the challenges to autonomy are related to the reasons individual users have for participating.

According to their research, the larger a DAO grows, the more incentive participants have to consider DAO tokens investments: