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/biz/ - Business & Finance

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49940147 No.49940147 [Reply] [Original]

Can someone explain me in easy terms what is a governance token and utility token? I just don't get it

>> No.49940165

why do you want to know?

>> No.49940170

isn't what google says good enough?

>> No.49940174
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49940174

>>49940147
None. Both are worthless.

>> No.49940176

just useless knowledge imho

>> No.49940187
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49940187

Governance tokens create a blockchain-based voting system where members who hold the token get a say on the future of a decentralized protocol. The more number tokens a member has, the more say they have in the community-based voting system. Utility tokens are developed for use inside a specific blockchain ecosystem

>> No.49940209

>>49940187
thats exactly what google says ._.

>> No.49940227

governance token - you provide services to the token
utility token - the token provides services to you