4. Governance Token
Last updated
Last updated
ARTi Governance tokens is cryptocurrency that represents voting power on a ARTi blockchain project. As of recently, they are mostly integrated into DeFi projects since they need to distribute powers and rights to users in order to remain decentralized.
Such a trend implies that aspects like decentralization truly matter and that there is heavy interest in participating in governance. Although many refuse to participate in politics in real life, it appears that crypto people love having a say in their favorite projects. After all, they stand to directly benefit from their choices!
With these ARTi tokens, one can create and vote on governance proposals. By doing so, the user directly influences the direction and characteristics of a protocol. You can change the user interface, how a DEX distributes fees, what dev funds are used for, and all other vital questions.
Despite the fact that many DeFi tokens in the market are governance tokens, that does not mean that voting is the only feature behind them. In fact, these cryptocurrencies often allow the user to stake, create loans, and earn money by yield farming.
Arti Project do not have to make hard choices, and they can interact with the community and find out what is wrong with the project, why a specific feature should be changed, and how the team should handle funds and partnerships.
ARTi Governance also enables users to actively bring changes to smart contracts. If an anonymous group attacks the project’s ledger, steals funds, or performs any other malicious activity, users and developers are not forced to fork to a different network.
They can simply vote to revert the mess, and after reaching a quorum, developers will have the full right to implement the necessary changes.
