Since December a spate of crypto finance projects in the Solana blockchain ecosystem have released tokens in attempts to “decentralize” their governance. Holders of these tokens get to vote on the directions of their protocols. Oftentimes those who have used the protocol heavily – by, say, trading hundreds of NFTS – get bigger allocations of the token.
Related posts
-
Animoca co-Founder’s X account hacked for Solana meme coin
As Solana meme coin scams increase, Animoca Brands has released a public notice about the compromise... -
Polygon’s presale token captures XRP and Cardano investors’ attention
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
Solana Sees Consistent Capital Inflows Since 2023 – Liquidity Influx Signals Growth
Solana has staged an impressive recovery, surging over 14% from its recent local lows, showcasing resilience...