I'm trying to understand the distinction between governance and utility tokens in the cryptocurrency and blockchain space. Could someone explain the key differences between the two?
7 answers
Carlo
Fri Nov 22 2024
They provide users with access to specific offerings within a given ecosystem.
DondaejiDelightfulCharmingSmile
Fri Nov 22 2024
Utility tokens and governance tokens have distinct primary objectives.
TaegeukChampionship
Fri Nov 22 2024
Governance tokens empower their holders to shape the management and trajectory of a project.
Maria
Fri Nov 22 2024
Unlike governance tokens, utility tokens do not grant governance rights.
KatanaSharp
Fri Nov 22 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services.