Is a governance token a utility token?
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.
What is governance token staking?
Governance token staking involves depositing cryptocurrency tokens into a smart contract to earn rewards or interest. These tokens are then utilized for various activities like governance, finance, or a combination of the two. Staking allows token holders to participate in the network's consensus mechanism, potentially influencing decision-making and earning staking rewards for their contribution.
What is the governance token used for?
I'm curious about the purpose of a governance token. I want to understand its function and how it's utilized within its respective system or platform.
Is ADA a governance token?
I'm interested in understanding if ADA can be considered a governance token. I want to know if it holds any specific governance functions or if it's just a regular cryptocurrency.
Can a governance token be sold?
I'm wondering if it's possible to sell a governance token. I'd like to know if there's a market for these tokens and if there are any restrictions or considerations I should be aware of before attempting to sell.