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Governance tokens

Governance tokens formalize DAO members’ collective ownership and decision-making power Governance tokens are cryptocurrencies specially designed to let its holders vote in the decision-making of a blockchain-based project.

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About the Tool

The first governance tokens emerged around 2021, with relatively incumbent blockchain projects launching their governance tokens one after the other. Nowadays, governance tokens may be flexibly designed to fit specific projects’ needs. While their efficacy and true power for distributed governance remains a discussion point, many governance tokens are efficient tools for participation.

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Use Cases

Decentralizing Stablecoin DAI’s Governance

Governance tokens