Cryptocurrency Q&A
What is the purpose of a governance token in DAO?
What is the purpose of a governance token in DAO?
QuasarStorm
Sat Nov 09 2024
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7
answers
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I'm curious about the role of a governance token in a DAO. Specifically, I want to understand its purpose and how it functions within the decentralized autonomous organization's framework.
7 answers
Michele
Mon Nov 11 2024
Governance tokens often enter circulation in various ways.
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CryptoTrader
Sun Nov 10 2024
Decentralized governance refers to the collective management of protocols by the community.
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Alessandra
Sun Nov 10 2024
A common trait among these tokens is that they grant holders voting rights.
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HanbokGlamour
Sun Nov 10 2024
Additionally, some governance tokens even enable holders to participate in the governance of the tokens themselves.
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Michele
Sun Nov 10 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of token holders.
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