Governance Token

« Back to Glossary Index

A governance token is defined as a digital token that is used to vote on the decisions influencing an ecosystem. In most of the cases, the organizations that permit the users control the development of their systems are termed as the Decentralized Autonomous Organizations (DAOs). Maker (MKR) is a well known example of governance token.

« Back to Glossary Index

Check Also

new-mining-strategies-crypto-halving

New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …