{"id":8707,"date":"2021-12-13T15:17:42","date_gmt":"2021-12-13T15:17:42","guid":{"rendered":"https:\/\/yourcryptolibrary.com\/?page_id=8707"},"modified":"2022-10-30T16:00:48","modified_gmt":"2022-10-30T16:00:48","slug":"wat-is-een-governance-token","status":"publish","type":"page","link":"https:\/\/yourcryptolibrary.com\/nl\/what-is-a-governance-token\/","title":{"rendered":"Wat is een Governance token?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"8707\" class=\"elementor elementor-8707\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b52554e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b52554e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e55885a\" data-id=\"e55885a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e232a4 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"3e232a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__3e232a4\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__3e232a4\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__3e232a4\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a10b1e elementor-widget elementor-widget-video\" data-id=\"3a10b1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=eqH1zWzp1GM&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f77a0d4 elementor-widget elementor-widget-text-editor\" data-id=\"f77a0d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><span style=\"font-weight: var( --e-global-typography-text-font-weight ); font-size: 32px;\"><span style=\"color: #263e4e; font-family: Bree Serif, sans-serif;\">What is a governance token?\u00a0<\/span><\/span><\/h3><p>Governance tokens allow tokenholders to help shape the future of the protocol. A platform that allows itself to be shaped by its users using the governance token is called a Decentralized Autonomous Organization &#8211; DAO. Holders of a governance token can agree on changes within the protocol.\u00a0<\/p><p>The governance token is key characteristic of <a href=\"https:\/\/yourcryptolibrary.com\/defi\/\" target=\"_blank\" rel=\"noopener\">Decentralized Finance &#8211; DeFi<\/a> projects because it gives users rights and control, something that is a basic tenet of the entire crypto revolution.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45cfdc3 elementor-widget elementor-widget-text-editor\" data-id=\"45cfdc3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: var( --e-global-color-primary ); font-family: var( --e-global-typography-primary-font-family ), Sans-serif; font-size: 2rem; font-weight: var( --e-global-typography-primary-font-weight );\">How does blockchain governance work?<\/span><\/p><p>When changes are proposed, people can vote &#8216;<i>on chain<\/i>&#8216;, via smart contracts. These changes will be applied automatically as soon as the majority is reached. Sometimes the changes will be applied by the team or by third parties.<\/p><p>The basic principle is that users participate and have a say in the system and it is decided in favor of the majority. On most protocols, binding proposals &amp; votes are conducted through the <a href=\"https:\/\/snapshot.org\/#\/\" target=\"_blank\" rel=\"noopener\">Snapshot platform<\/a>. Where snapshots provide the ability for users of a particular protocol to decide the fate of the protocol via underwritten messages on the blockchain.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83f56ec elementor-widget elementor-widget-image\" data-id=\"83f56ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"791\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/12\/What-is-a-governance-token-How-does-blockchain-governance-work-1024x1013.png\" class=\"attachment-large size-large wp-image-8860\" alt=\"What is a governance token - How does blockchain governance work\" srcset=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/12\/What-is-a-governance-token-How-does-blockchain-governance-work-1024x1013.png 1024w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/12\/What-is-a-governance-token-How-does-blockchain-governance-work-300x297.png 300w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/12\/What-is-a-governance-token-How-does-blockchain-governance-work-768x760.png 768w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/12\/What-is-a-governance-token-How-does-blockchain-governance-work.png 1314w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8ba583a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8ba583a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-abbdc35\" data-id=\"abbdc35\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf4e893 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"bf4e893\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more about cryptocurrrencies<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5222d48\" data-id=\"5222d48\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b29878b elementor-align-center elementor-widget elementor-widget-button\" data-id=\"b29878b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/exchanges\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Trade Crypto<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-d998170 elementor-widget elementor-widget-text-editor\" data-id=\"d998170\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>What can people vote on?<\/h3><p>The changes on which people will be able to vote can vary greatly. For example, people will be able to vote on different decisions, ranging from minor adjustments to major collaborations. Below are some examples of possible changes:<\/p><ul><li>Change of user interface (UI).<\/li><li>How many fees are allocated and to whom?<\/li><li>Distribution of development funds (Devfund)<\/li><li>Roadmap for products<\/li><li>Recruitment of developers<\/li><\/ul><div>\u00a0<\/div><h2>What is the use case of governance tokens?<\/h2><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">The main purpose of governance tokens is to govern the protocol and the amount a user owns will correspond to the weight in making decisions.\u00a0<\/span><\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">But governance\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">tokens are not only used to participate and vote but also to get some <\/span><a style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); background-color: #ffffff; font-size: 1rem;\" href=\"\/defi\/what-is-yield-farming-defi\/\" target=\"_blank\" rel=\"noopener\">yield<\/a><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">. This can be done by lending out governance tokens, using it as collateral or using it to earn passive income.<\/span><\/p><h2>What is the value of governance tokens?<\/h2><p>Because the community can co-decide using the token, &#8220;no one&#8221; will feel unheard. The decisions are made by the people who are invested in the platform, meaning if the project fails, everyone will fail. If the project wins, everyone will win.<\/p><p>Also developers are no longer alone in making decisions, they will be made in consultation with the community. This way no modification will not go through the community first, which automatically increases the transparency of the protocol.<\/p><h2 style=\"font-family: var( --e-global-typography-primary-font-family ), Sans-serif; font-weight: var( --e-global-typography-primary-font-weight );\">What are examples of governance tokens?<\/h2><p>Some examples of Governance tokens are\u00a0<a href=\"\/coin\/curve-crv\/\" target=\"_blank\" rel=\"noopener\">Curve,\u00a0<\/a><a href=\"\/coin\/sushiswap-sushi\/\" target=\"_blank\" rel=\"noopener\">SushiSwap<\/a><a href=\"\/coin\/curve-crv\/\" target=\"_blank\" rel=\"noopener\">\u00a0and\u00a0<\/a><a href=\"\/coin\/makerdao-mkr\/\" target=\"_blank\" rel=\"noopener\">Maker Dao<\/a><a href=\"\/coin\/curve-crv\/\" target=\"_blank\" rel=\"noopener\">.<\/a><\/p><p><a href=\"\/coin\/curve-crv\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"wp-image-12353 size-thumbnail alignnone\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/01\/curve-dao-token-crv-logo-150x150.png\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><a href=\"\/coin\/sushiswap-sushi\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-full wp-image-12352\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/01\/SushiSwap-logo.png\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><a href=\"\/coin\/makerdao-mkr\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-15996 size-thumbnail\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/03\/makerdao-mkr-crypto-logo-150x150.webp\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ed298fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ed298fb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-de40807\" data-id=\"de40807\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a0b669 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7a0b669\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more about cryptocurrrencies<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5f82c9f\" data-id=\"5f82c9f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-526004e elementor-align-center elementor-widget elementor-widget-button\" data-id=\"526004e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/exchanges\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Trade Crypto<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-323c625 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"323c625\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dee1250\" data-id=\"dee1250\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f21b351 elementor-widget elementor-widget-text-editor\" data-id=\"f21b351\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Difference between utility tokens and governance tokens explained<\/h2><p>So what&#8217;s the difference with a\u00a0<a href=\"https:\/\/yourcryptolibrary.com\/cryptocurrency-types\/utility-tokens\/\" target=\"_blank\" rel=\"noopener\">utility token<\/a>? A utility token is a token that has a utility ^^. This utility is usually limited to its own blockchain or platform. For example,\u00a0<a href=\"https:\/\/yourcryptolibrary.com\/coin\/binance-coin-bnb\/\" target=\"_blank\" rel=\"noopener\">Binance Coin &#8211; BNB<\/a>\u00a0utility is to lower fees, choose new tokens and so on&#8230;<\/p><p>But this will will not give you a say in the future of the platform.\u00a0So with Binance Coin, you will not be able to vote on future decisions concerning the Binance team.<\/p><p>In this case governance tokens are an upgrade from utility tokens. You literally have a say in the future of the platform.<\/p><h2>What are the pros and cons of governance tokens?<\/h2><p>Using governance tokens has many advantages, but there are also some downsides to consider;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9dd9bae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9dd9bae\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c463130\" data-id=\"c463130\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-afcf81e elementor-widget elementor-widget-text-editor\" data-id=\"afcf81e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Pros<\/h4><ul><li class=\"li1\">Putting power not centrally but in the hands of users.<\/li><\/ul><div>\u00a0<\/div><ul><li class=\"li1\">Governance creates many opportunities to work together. This will inevitably lead to new insights.<\/li><\/ul><div>\u00a0<\/div><ul><li class=\"li1\">Governance leads to more engagement.<\/li><\/ul><div>\u00a0<\/div><ul><li class=\"li1\">Faster development. You go from changes proposed only by developers to an changes where an entire community is thinking.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-de72b96\" data-id=\"de72b96\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5551964 elementor-widget elementor-widget-text-editor\" data-id=\"5551964\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Cons<\/h4><ul><li>The human ego will sooner or later get in the way of making moral decisions.<\/li><\/ul><div>\u00a0<\/div><ul><li>No one is responsible. Users will always be able to shift the blame to the majority.<\/li><\/ul><div>\u00a0<\/div><ul><li><span style=\"background-color: transparent; font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\">Manipulation by big stakeholders. When voting, the majority will win, thus the extremely wealthy of the protocol will have more say than the large crowd. Votes in favor of the big owners can happen.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ee2c47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ee2c47\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7f5ca9c\" data-id=\"7f5ca9c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac346b5 elementor-widget elementor-widget-image\" data-id=\"ac346b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"297\" height=\"297\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/vote-svgrepo-com.svg\" class=\"attachment-large size-large wp-image-17143\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-95aa568\" data-id=\"95aa568\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86f39f7 elementor-widget elementor-widget-heading\" data-id=\"86f39f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f904efd elementor-widget elementor-widget-text-editor\" data-id=\"f904efd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The birth of governance tokens puts the &#8216;decentralization&#8217; into the DeFi. It gives them a central role in many protocols. Yet this is not without its dangers. This ability can result in executing decisions in favor of the few and not in favor of the the big majority.<\/p><p><em>&#8220;He who controls the governance tokens can control the future of the protocol&#8221;<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Table of Contents https:\/\/www.youtube.com\/watch?v=eqH1zWzp1GM What is a governance token?\u00a0 Governance tokens allow tokenholders to help shape the future of the protocol. A platform that allows itself to be shaped by its users using the governance token is called a Decentralized Autonomous Organization &#8211; DAO. Holders of a governance token can agree on changes within the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8708,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-8707","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is a governance token?<\/title>\n<meta name=\"description\" content=\"Governance tokens enable users to help shape the future of the protocol. 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