Cryptocurrency Q&A
What is governance vs utility token?
What is governance vs utility token?
SolitudePulse
Fri Nov 08 2024
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7 answers
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I'm trying to understand the difference between governance tokens and utility tokens in the cryptocurrency and blockchain space. Could someone explain the distinct features and use cases of each?
7 answers
Sara
Sun Nov 10 2024
Utility tokens primarily serve the purpose of providing access to a project's technology.
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Lorenzo
Sun Nov 10 2024
Holders of these tokens are granted specific privileges or services related to the project.
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Sara
Sun Nov 10 2024
This type of token is designed to enhance the usability and functionality of the project.
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CryptoGuru
Sat Nov 09 2024
Governance tokens, on the other hand, have a different focus.
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EclipseSeeker
Sat Nov 09 2024
They are aimed at creating a system that integrates users into the administrative process of a project.
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