DYdX Passes Vote to Reduce Trading Rewards by 45%, Sending Token Up 29.89%
The DYDX token is up by 121% since the turn of the year.
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Mar 13, 2023 at 4:55 p.m. UTC
Mar 13, 2023
Token Governance is a critical aspect of the cryptocurrency ecosystem and DAOs (decentralized autonomous organizations). It refers to the system of rules and procedures that dictate how a cryptocurrency token operates within a blockchain network. This includes decisions on protocol upgrades, token distribution, and other operational aspects. Token holders often have voting rights, enabling a decentralized and democratic decision-making process. Key players in token governance include individual token holders, crypto companies, blockchain networks, and crypto exchanges.