Cryptocurrency Q&A
What is MIMO token?
What is MIMO token?
Chiara
Sun Nov 03 2024
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6
answers
1058
I recently encountered the term 'MIMO token' and I'm curious to learn more about it. Could someone explain what a MIMO token is, its function, and possibly its application in the crypto or blockchain space?
6 answers
CryptoWizardry
Tue Nov 05 2024
MIMO serves as the governance token for both the Mimo Protocol and the Kuma Protocol.
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Maria
Tue Nov 05 2024
In order to participate in the governance of these protocols, users are required to lock their MIMO tokens for a specified period of time.
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SarahWilliams
Tue Nov 05 2024
This locking mechanism ensures that those who wish to influence the direction of the protocols have a stake in their success.
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henry_taylor_architect
Mon Nov 04 2024
The duration of the lock determines the amount of voting power a user possesses.
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Riccardo
Mon Nov 04 2024
By locking their tokens for a longer period, users can gain more influence over the governance decisions.
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