web3/concepts/governance-token.md

1.3 KiB
Raw Blame History

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.

References

  • 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): 14784. https://doi.org/10.1177/01492063211045023.
  • 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/.
  • 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.
  • 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.