- N/T
OPEN Governance Token OPEN
We lack of accurate trading data.
This could be attributed to several reasons, including limited exchange liquidity or delisting. Or might be due unable to provide support for exchanges where this asset is currently tradable.
Market Cap
$2,148.56Rank #--FDV
--Rank #--Investors
X Followers
About OPEN
The OPEN Governance Token is a token issued by OpenDAO, a platform that enables real-world assets such as stocks, bonds, and real estate to be used in the decentralized finance (DeFi) ecosystem. The governance token represents ownership of the platform and allows token holders to participate in the decision-making process of the platform. It will be publicly released and available for purchase via Uniswap. The token also offers rewards in the form of a stablecoin, which is funded by the platform's revenues.
What makes OPEN Governance Token unique?
The OPEN Governance Token is unique compared to other cryptocurrencies because it serves as the governance token for OpenDAO, a decentralized autonomous organization. Holders of the OPEN token have the power to govern the OpenDAO and its various protocols, such as CashBox, OPM, and oUSD. This means that token holders have a say in the decision-making process and can influence the direction of the project. Additionally, the tokenomics of the OPEN token include incentives for long-term holders, as they can earn more tokens as rewards by locking up their tokens. This feature aims to incentivize loyalty and stability within the community. Overall, the unique combination of governance power and incentivization sets the OPEN Governance Token apart from other cryptocurrencies.