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Governance Token

Mr. Fomo
Last updated: February 6, 2025 01:37
Mr. Fomo
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A governance token empowers its holders to participate in the decision-making processes of a blockchain project. Through voting, holders can influence protocol upgrades, fee structures, and other key aspects of the ecosystem.

This decentralized form of governance ensures that the community has a say in the project’s future and aligns incentives among participants.

Governance tokens are essential for fostering a democratic and transparent operational model in decentralized organizations.

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