Governance Token

    Holders of a governance token have some say over a platform’s protocol, products, and future functionality. Governance tokens are frequently issued through decentralized protocols that promote community-led growth and self-sustainability. Holders of governance tokens can typically propose changes to the protocol and vote on those changes with their tokens. Governance tokens are used to manage a protocol in a democratic, fair, and decentralized manner. Governance tokens can be staked within network validator nodes on proof-of-stake (PoS) blockchains to secure the platform’s security and operational efficiency in exchange for regular staking rewards.