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?
7 answers
KimonoGlitter
Tue Nov 26 2024
The INDEX token serves as a governance tool for the Index Coop.
EthereumEmpress
Tue Nov 26 2024
Holders of the $INDEX token have the right to cast votes on various proposals.
CryptoVisionary
Tue Nov 26 2024
These proposals can relate to the introduction of new products within the Coop.
AmyDavis
Mon Nov 25 2024
They can also pertain to modifications of existing products.
GeishaMelody
Mon Nov 25 2024
External protocol governance is another area where $INDEX holders can exercise their voting rights.