Governance Tokens
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I’m invested into a project that is having a governance token come out in a few months.
I never really understood the point - as there is no revenue share, I’m not even sure what there would be any discussion on what to govern?
I know these tokens are used to vote on proposals, but other than that what is the point? They don’t really have any inherent value other than what price people are willing to purchase the token at.
Can someone explain what if I am missing anything here? Why would a free governance token airdrop be worth anything?
Sorry this is for a liquid staking eth token - not taking a jab at moons!
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