> For the complete documentation index, see [llms.txt](https://delnorte-terra-vision.gitbook.io/delnorte-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://delnorte-terra-vision.gitbook.io/delnorte-docs/dao/market-dynamics.md).

# Market Dynamics

Once tokenized, a DAO's valuation becomes dynamic, influenced by forward-looking factors and investor sentiment. For example:

* Investors may choose to buy or sell based on their personal valuation metrics, causing the DAO’s tokens to trade at a **premium or discount** to its intrinsic market value.
* This dynamic behavior mirrors how **Real Estate Investment Trusts (REITs)** operate on a stock exchange, with the market determining the current value.