Leverage Agile development and the latest technologies to create a secure governance token. We will help you to build a competitive product and deliver value to users.
Researching your business concept and the vision of the future token, we'll help you to define the metrics such as the purpose of the token, its supply, use cases, technical parameters, and distribution method.
We create tokens on various blockchains. Ethereum, Binance Smart Chain, Tron, and Polygon are the most used platforms for token development by us. However, the options aren't limited.
By carrying out multistage testing and quality assurance, we deliver secure tokens that will function seamlessly. We align our development services with your timeline to help you manage the product's launch to the market in the shortest possible time.
A governance token allows its holder to take part in managing a cryptocurrency platform. Generally the more tokens you hold the stronger voice you have.
At the launch, some percentage of these tokens is usually distributed to future decision-makers. People also can acquire them from crypto exchanges. According to the set features, governance tokens can allow holders to propose, discuss, and make changes to a project in a decentralized way, without relying on or requiring the project team. In addition, token holders can use the units to delegate voting rights to other users, experts, and even applications.
Governance tokens run according to smart contracts written by developers. During the token building process, engineers write a code that will enable users to stake. This means holders will be required to deposit their tokens to vote on dynamic parameters, like fees of a decentralized exchange.
Afterward, the decisions taken by the community are reflected on the governance platform's smart contract. There is a time delay before the changes in the system, so the token holders and investors who are against the approved decisions could leave the protocol and assets. Time delay is also essential for security matters.
Every platform is unique and is managed differently. Some governance protocols offer token holders rewards, some allow putting forward their suggestions.
Among leading decentralized finance governance tokens are COMP, UNI, AAVE, Maker (MKR) Yearn.finance (YFI).
COMP is the in-built token of the popular DeFi lending and borrowing protocol Compound, which allows the holders to participate in governance and get rewards. Uniswap is a leading decentralized exchange (DEX) and AMM. Aave is a protocol that provides options for lending, borrowing and gaining interest in crypto without intermediaries. Its governance token is AAVE.
Maker (MKR) enables the issuance and management of the DAI stablecoin. It is the governance token functioning in Maker DAO (decentralized autonomous organization) and Maker protocol.
Presenting the users of your blockchain project an opportunity to participate in decision-making can be beneficial for your business growth. Being aware of the community opinion will help you to build a platform that will attract more users.