Cryptocurrency Q&A
What is a native governance token?
What is a native governance token?
EnchantedMoon
Wed Nov 20 2024
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7
answers
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A native governance token is a type of digital asset that is specific to a particular blockchain-based platform or DAO. It allows holders to participate in the decision-making process of the platform, such as voting on proposals or directing the use of funds. These tokens are integral to the decentralized management and operation of the platform.
7 answers
TaegeukWarrior
Fri Nov 22 2024
Governance Tokens represent a unique class of cryptocurrencies.
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KimchiChic
Fri Nov 22 2024
They provide holders with a direct stake in the native DeFi platform of the token.
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CryptoAce
Fri Nov 22 2024
This stake allows holders to have a say in the decision-making process of the platform.
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Lorenzo
Fri Nov 22 2024
Governance tokens are often attached to specific projects.
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isabella_oliver_musician
Thu Nov 21 2024
Earning these tokens typically involves active participation in the platform.
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