What Is a Crypto Governance token?
A governance token is a cryptocurrency that gives holders the right to participate in the decision-making process of a protocol, blockchain, or decentralized project. They serve as the base of DAOs and drive decentralization from the ground up.
Users holding governance tokens can weigh in on fee structure changes (gas fees), protocol upgrades, or treasury fund allocation (within a defined Tokenomics framework), among other things.
For example, Jupiter Aggregator with its token JUP.
