Cryptocurrency Q&A What is an index token?

What is an index token?

CryptoEmpireGuard CryptoEmpireGuard Sun Nov 24 2024 | 7 answers 2072
I'm trying to understand the concept of an index token. Could someone explain what it is and how it's used in the context of indexing or tokenization? What is an index token?

7 answers

KimonoGlitter KimonoGlitter Tue Nov 26 2024
The INDEX token serves as a governance tool for the Index Coop.

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EthereumEmpress EthereumEmpress Tue Nov 26 2024
Holders of the $INDEX token have the right to cast votes on various proposals.

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CryptoVisionary CryptoVisionary Tue Nov 26 2024
These proposals can relate to the introduction of new products within the Coop.

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AmyDavis AmyDavis Mon Nov 25 2024
They can also pertain to modifications of existing products.

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GeishaMelody GeishaMelody Mon Nov 25 2024
External protocol governance is another area where $INDEX holders can exercise their voting rights.

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