Governance Tracker by Tally Review
The cryptocurrency market is fluid and ever-changing.
When you think you’ve got a handle on the pulse of a coin or token’s price action, it takes an unexpected turn.
No one is perfect, and that’s especially true when it comes to cryptocurrency. By using the right tools, though, you can tilt the odds of success in your favor.
That’s why, in this article, I’m going to go through some of the greatest crypto tools I’ve discovered and how you may utilize them to get the most out of your investments.
The crypto tool to add to your belt is another bundle and that’s the Governance Tracker by Tally, the governance tracker by Masari and the governance tracker by Deep Down.
Starting with Tally’s governance tracker.
This tool lets you see all the most active dowels on Ethereum, Polygon, Avalanche, Optimism and Arbitram.
Any dows that have active proposals in process are automatically top of the list otherwise it’s sorted based on how many active voters there are.
I’ll quickly note that it’s quite remarkable how little engagement there is outside of the top 10 dows.
Now what’s cool is when you click on one of the dows tally will show you how the governance process for the dow in question works.
In simple terms as well as the top voters in that dow and their voting power.
Not surprisingly the top voters in these dows are often crypto VCS.
What’s awesome is that tally even lets you create your own proposal for the dow you’ve selected and gives you a step-by-step guide on how to publish your proposal note that you’ll need a web3 wallet like Metamask for this.
Now besides making it easy to have a say in your favorite crypto projects Tally’s governance tracker can be another way to keep track of any cell pressure your favorite coins or tokens could experience assuming they have proposals waiting to be passed.
Of course not only that but keeping track of proposals before they’re passed can be a great way of getting ahead of an upcoming rally.
All you need to do is check when the proposal will be passed and if you know it’s a significant one you could make an easy profit selling the news.
Ideally you’d catch a bullish proposal before it’s even tabled and that’s where Masari’s governance tracker comes in.
This tool also gives you an overview of the most active dows on popular smart contract cryptocurrencies including governance for smart contract cryptocurrencies themselves unlike Tally’s governance tracker.
However Masari’s governance tracker gives you an overview of all the preliminary discussions going on within these dows.
This makes it easy to spot proposals that have yet to be tabled and can therefore get you in extra early on a price move before the proposal is passed.
Now the only thing I’ll caution is that Masari’s assessment of the importance of a particular proposal isn’t always accurate so don’t give too much weight to that indicator on the dashboard.
Always click on the proposal to double check what it’s about then ask yourself whether it’s something that could be passed and what it could mean for the price of the coin or token in question.
Last but not least we have deep dow’s governance tracker which essentially combines the best of the two other governance tools.
Deep dow lets you sort dows by changes in treasury value token holders and active voters on the home page.
The tool also lets you see both discussions and proposals in real time on the dao feed.
The difference is that deep dow aggregates this data to give you an idea of how daos are doing in general be it by active voters or treasury balances.
Deep dow also lets you see which wallets are the most active in crypto governance on the people tab interesting stuff to say the least.