Governance Tokens
Voting power.
What Is a Governance Token?
A governance token is an ERC-20 token that grants its holder the right to participate in a DAO's decisions.
It converts ownership into voting power, aligning influence with stake in the organization.
Voting Power
In the simplest model, one token equals one vote. A holder of 1,000 tokens has ten times the weight of a holder of 100.
This ties decision-making to economic exposure to the protocol.
votingPower(address) = token.balanceOf(address)
// 1 token = 1 voteAll lessons in this course
- What Is a DAO
- Governance Tokens
- Proposals and Voting
- Timelocks and Execution