governance tokens

Governance tokens are a type of digital asset used in decentralized organizations, particularly in the blockchain and cryptocurrency space. They empower holders to participate in decision-making processes, such as proposing changes, voting on project developments, or determining how funds are allocated. Essentially, owning governance tokens gives individuals a say in the governance and direction of a project, enabling a more democratic and community-driven management approach. The more tokens you hold, the greater your influence, akin to having shares in a company, but operated in a decentralized manner without a central authority.