Token Governance

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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.

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BitDAO chart (TradingView)
BIT Token Surges to Weekly High Following $200M BitDAO Ecosystem Fund Proposal
BIT jumped 5% over the weekend, outperforming both ETH and BTC, following the proposal from layer 2 network, Mantle.
BitDAO chart (TradingView)

(Atsuko Sato/Wikimedia)
Shiba Inu Investor Transfers Tokens to Exchanges, Possibly Foreshadowing Price Drop
Wallet 0xd6 moved more than 182 billion shiba inu tokens to crypto exchanges Gemini and Crypto.com during Asian morning hours on Monday.
(Atsuko Sato/Wikimedia)

(Midjourney/CoinDesk)
BNB Chain’s Second-Largest DeFi Protocol Venus to Accept Floki Tokens as Lending Collateral
The move is expected to benefit FLOKI holders, developers say, as they continue to build and seek strategic partnerships.
(Midjourney/CoinDesk)

Mango Markets is adding security safeguards on its platform. (Desirae Hayes-Vitor/Unsplash)
Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit
The decentralized exchange will upgrade its security in a new version of its platform.
Mango Markets is adding security safeguards on its platform. (Desirae Hayes-Vitor/Unsplash)

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XRP Ledger Proposes Cross-Chain Bridge to Increase Network and Token Utility
The proposal defines how funds are locked on one chain and wrapped on another chain to ensure the movement of tokens between XRP Ledger and associated sidechains.
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DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum
Synthetix holds over $450 million in locked tokens over the Ethereum and Optimism networks.
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Aventus Slides 4.2% on Low Volume as Token Split Plans Shelved
The token split had previously been approved by community governance vote in December.
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(Shaurya Malwa/CoinDesk)
Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply.
(Shaurya Malwa/CoinDesk)

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The Open Network Releases On-Chain Governance Platform, TON Token Volume Surges 98%
The project spawned from Telegram's abandoned foray into crypto now has a live governance platform.
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(Shaurya Malwa/CoinDesk)
Klaytn Foundation to Make Changes to KLAY Tokenomics and Governance Models
The Foundation will aid Klaytn blockchain's transition to a wholly permissionless validator structure, provide opportunities to the general public to participate as block vali...
(Shaurya Malwa/CoinDesk)