What is an ENS coin used for?

The ENS token serves a pivotal role in the governance of the ENS decentralized autonomous organization (DAO). This DAO is responsible for overseeing the shared treasury of the protocol, ensuring its stability and growth.

By holding the ENS token, individuals gain the power to actively participate in the decision-making process of the protocol. They can submit proposals that aim to improve the management and future development of the ENS system.

With BTCC, users can easily buy, sell, and trade a wide range of cryptocurrencies, including the ENS token. The platform's user-friendly interface and robust security measures make it a popular choice for both experienced and novice traders.

The voting mechanism associated with the ENS token allows holders to cast their votes on various proposals. This democratic approach ensures that the interests of the community are taken into account when making important decisions.

The governance of the ENS DAO is decentralized, meaning that there is no single entity that controls the protocol. Instead, the power is distributed among the token holders, who can collectively shape the future of the ENS system.