By Okay, let’s pick up where we left off, diving deeper into the fascinating world of tokenomics. We’ve explored the basics of what makes a token tick, its supply, demand, and how utility tokens serve a specific purpose. Now, let’s uncover a different, equally critical type of token that puts decision-making power directly into the hands of the community.
Governance Tokens: What Are They and Why Do They Matter?
If utility tokens give you access to a service or product within a decentralized ecosystem, then governance tokens give you a voice – a direct say in how that ecosystem evolves. They are the digital equivalent of voting shares in a company, but for a decentralized network or protocol.
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