Glossary Task "Governance token"

Glossary Task "Governance token"

I define the following terms:

"Governance token"

Tokens distributed to community members, employees, investors and other operators as an incentive to operate Defi's decentralized platform. It is close to the node management reward and harvest reward in NEM. It is now a new way to raise money for DeFi services. By holding the token, the user can be evaluated for his contribution to the platform and get the right to vote on the operating policy of the protocol.

Author: GyakuMuki
Published on: 22/10/2020 18:27 (edited on: 27/10/2020 23:00)
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