What is a governance token? Governance tokens are cryptocurrencies that represent voting power on a blockchain project. As of recently, they are mostly integrated into DeFi projects since they need to distribute powers and rights to users in order to remain decentralized. As of February, the top 5 crypto projects in the DeFi segment have …
Governance Token Governance tokens are cryptocurrencies that represent the voting rights of blockchain projects. Nowadays, most are integrated into DeFi projects because approvals and rights need to be distributed to users to maintain decentralization. These tokens can be used to create and vote on governance proposals. Even though many DeFi tokens on the market are …
Governance Token: Tokens created by developers that give token holders a way to influence the development of a protocol are referred to as governance tokens. Holders of governance tokens (known as “stakeholders”) have a wide range of options to influence project choices such as submitting or deciding on new feature ideas, and they even have …
