Governance Token

A bearer instrument token which grants holders of the token the capacity to "vote" in a smart contracts implementation of a DAO or other DeFi protocol.

Governance tokens are imitations of voting shares stock as seen in regulated security.

See also DeFi and DAO.

References

  1. Chen, Liang, Tony W. Tong, Shaoqin Tang, and Nianchen Han. 2022. ‘Governance and Design of Digital Platforms: A Review and Future Research Directions on a Meta-Organization’. Journal of Management 48 (1): 147–84. https://doi.org/10.1177/01492063211045023.
  2. Crepaldi, M. 2020. ‘The Authority of Distributed Consensus Systems Trust, Governance, and Normative Perspectives on Blockchains and Distributed Ledgers’. PhD Thesis. http://amsdottorato.unibo.it/9432/.
  3. El Faqir, Youssef, Javier Arroyo, and Samer Hassan. 2020. ‘An Overview of Decentralized Autonomous Organizations on the Blockchain’. PervasiveHealth: Pervasive Computing Technologies for Healthcare, August. https://doi.org/10.1145/3412569.3412579.
  4. Rikken, Olivier, Marijn Janssen, and Zenlin Kwee. n.d. ‘The Ins and Outs of Decentralized Autonomous Organizations (Daos)’. Available at SSRN 3989559. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3989559.