Intermediate
Blockchain & Web3
Q65 / 100
What is a "governance token"?
Correct! Well done.
Incorrect.
The correct answer is A) A token that grants holders voting rights on proposals affecting a protocol's future, such as parameter changes or fund allocation
A
Correct Answer
A token that grants holders voting rights on proposals affecting a protocol's future, such as parameter changes or fund allocation
Explanation
Governance tokens (e.g., in DAOs) allow holders to vote on proposals, decentralizing decision-making over a protocol's parameters, treasury, or upgrades.
Progress
65/100