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Governance and DAO: 8 Compared and Scored (2026)

Tokens whose primary function is voting on a protocol or treasury. Ranked by a score out of 100 covering track record, tokenomics, transparency, decentralisation, adoption and liquidity. Comparing assets that do the same job is the only comparison that means anything, which is what this page is for.

MSP Score /100:85+ Excellent70 to 84 Very good55 to 69 Fair<55 Caution

How the token score works: each is rated out of 100 across track record (20), tokenomics (20), transparency (15), decentralisation (15), adoption (15), liquidity (15). Higher is better. These are the same six questions the Academy research process teaches. Every score is broken down on the token's own page.

#1

Aragon (ANT)

Governance and DAO · Launched 2017 · Micro cap
~ Mixed recordNo revenue captureCapped supplyVesting complete1 incident
ChainEthereum
Value captureNone
SupplyHard capped
ControlDAO governed
61
Grade C
#2

Colony (CLNY)

Governance and DAO · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainArbitrum
Value captureFee share
SupplyHard capped
ControlDAO governed
61
Grade C
#3

DeXe (DEXE)

Governance and DAO · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainBNB Chain and Ethereum
Value captureFee share
SupplyHard capped
ControlDAO governed
61
Grade C
#4

Gitcoin (GTC)

Governance and DAO · Launched 2021 · Micro cap
~ Mixed recordNo revenue captureCapped supplyVesting complete
ChainEthereum
Value captureNone
SupplyHard capped
ControlDAO governed
59
Grade C
#5

Friends With Benefits (FWB)

Governance and DAO · Launched 2020 · Micro cap
~ Mixed recordNo revenue captureCapped supplyVesting complete
ChainEthereum
Value captureNone
SupplyHard capped
ControlDAO governed
58
Grade C
#6

VitaDAO (VITA)

Governance and DAO · Launched 2021 · Micro cap
⚠ CautionNo revenue captureHigh issuanceVesting complete
ChainEthereum
Value captureNone
SupplyHigh issuance
ControlDAO governed
53
Grade D
#7

Merit Circle (MC)

Governance and DAO · Launched 2021 · Micro cap
⚠ CautionNo revenue captureCapped supplyVesting complete1 incident
ChainEthereum
Value captureNone
SupplyHard capped
ControlDAO governed
51
Grade D
#8

BIO Protocol (BIO)

Governance and DAO · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainEthereum and Solana
Value captureFee share
SupplyHard capped
ControlDAO governed
47
Grade D

Other sectors

Layer 1 (94)Layer 2 and scaling (44)Stablecoins (53)DeFi (147)Staking and restaking (47)Infrastructure (66)AI and compute (50)DePIN (33)Real world assets (47)Gaming and metaverse (61)Memecoins (157)Privacy (17)Exchange tokens (14)NFT and culture (24)Bridges and interop (28)Failed and defunct (39)

There are no prices or market caps here, deliberately. Those numbers are stale within hours of being written, and a directory full of stale numbers is worse than one without them. What is recorded instead is structural and durable: what the thing actually does, how its supply behaves, who can change it, whether the token captures any revenue, and what has happened to it. For live prices use an exchange or a data aggregator.

RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.