Token Introduction
Governance token of Dexpolygon
Last updated
Governance token of Dexpolygon
Last updated
Dexpolygon Token is native governance token of Dexpolygon and will be known as DPOLY. By holding this token and staking as part of our governance mechanisms, users can directly take part in the decision-making process.
This rewards early supporters and has the aim of creating highly incentivized token holders to contribute to the project. Token holders of $DPOLY have a right to create and vote on proposals to the platform as part of its governance system. Users do not need to un-stake their tokens to participate in the voting process. This incentivizes much more voter participation as it means users don’t need to default their rewards to vote. $DPOLY can also be staked in the DEX AMM, which pays out rewards in $DPOLY.
By simply holding $DPOLY user earns the right to create proposals and vote in them. Voting sway and power are derived from the $DPOLY holdings of the participant. The reasoning behind this follows that those holding more $DPOLY are more invested in the project, and therefore have a larger incentive for the platform itself to succeed and prosper.
Voting requires you to hold $DPOLY, which can either simply be held in your wallet or staked in the DEX AMM. You do not need to remove your stake either to vote. Voting power is based directly on the amount of $DPOLY each voter holds.
Proposals can be created by anyone, regardless of if they are a $DPOLY holder or not. Each proposal is made up of a question to pose to the community, along with the option of choices that others can vote on in response to your question. Simply set a start and end date for your proposal and publish it.
Wondering what are the benefits of being a $DPOLY hodler? At launch, here are some of the amazing benefits available to all!
