What is the purpose of a “governance token” in a decentralized autonomous organization (DAO)?

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What is the purpose of a “governance token” in a decentralized autonomous organization (DAO)?

Question: What is the purpose of a “governance token” in a decentralized autonomous organization (DAO)?

Answer: To facilitate voting on governance proposals.

Further reading

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What is the role of an “oracle” in the context of smart contracts?

Which consensus algorithm aims to achieve agreement through a combination of randomness and reputation?

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