Cryptocurrency Q&A
Is a governance token a utility token?
Is a governance token a utility token?
Lorenzo
Thu Nov 07 2024
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7 answers
1667
I'm trying to understand the difference between a governance token and a utility token. Specifically, I want to know if a governance token can also be considered as a utility token, or if they are completely separate categories.
7 answers
Matteo
Sat Nov 09 2024
Utility tokens and governance tokens exhibit a fundamental distinction in their primary goals.
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Nicola
Sat Nov 09 2024
Instead, they primarily function as a means to access specific products or services offered within a particular ecosystem.
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Valentina
Sat Nov 09 2024
Governance tokens serve a unique purpose by empowering their holders to play an active role in shaping a project's management and overall direction.
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Federica
Sat Nov 09 2024
These tokens offer a form of democratic control, allowing holders to vote on decisions that affect the project's future.
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OceanSoul
Sat Nov 09 2024
In contrast, utility tokens do not provide such governance rights.
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