Token Governance

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.


Tech

Arbitrum-Based FactorDAO Releases Staking Service, Developers Address Crypto Twitter Rumors

FCTR tokens fell to as low as 44 cents in the initial hours after a Camelot DEX sale and have since seen high volatility.

(Kevin Ku/Unsplash)

Finance

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.

Gráfico de BitDAO. (TradingView)

Markets

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.

DOGE Meme (Atsuko Sato/Wikimedia)

Markets

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)

Tech

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.

(Desirae Hayes-Vitor/Unsplash)

Tech

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.

Multichain is building bridges for shuttling crypto across networks. (Modestas Urbonas/Unsplash)

Tech

DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum

Synthetix holds over $450 million in locked tokens over the Ethereum and Optimism networks.

(Nicholas Cappello/Unsplash)

Finance

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.

(Unsplash)

Markets

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.

Klaytn booth at Token 2049. (Shaurya Malwa/CoinDesk)

Finance

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.

(Arnaud Jaegers/Unsplash)

Pageof 8