CRYPTO GLOSSARY · TOKENS

What is Governance Token?

Token granting voting rights in a protocol.

📖 Full Definition

A governance token gives holders the right to vote on changes to a cryptocurrency protocol, including upgrades, fee structures, and treasury management. Governance tokens enable decentralized decision-making.

💡 Example

UNI (Uniswap), AAVE, and MKR are popular governance tokens.

🔗 Related Terms

DAO

Decentralized Autonomous Organization.

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