Governance by Token

Governance by token is a system where stakeholders in a blockchain or decentralized project use digital tokens to influence decision-making. Token holders can propose changes or vote on proposals, such as updates to the platform or fund allocation. This democratic approach allows participants who own tokens to have a say in the project's future, aligning their interests with its success. It's akin to a digital voting system that empowers token owners to collectively steer the project's development, ensuring transparency and community involvement in key choices.