Governance
bMXX tokens will carry voting rights for the governance of the network and will allow the protocol to gradually transit towards being entirely governed by the community. bMXX holders are directly affected by protocol changes in the blockchain, and the governance token will give the community a voice as they can use their voting rights to make decisions on protocol developments. They will be able to present proposals to improve the health of the protocol and other bMXX holders with voting rights may choose to support them. The number of votes is proportional to the amount of bMXX tokens. Pledging bMXX to the protocol will allow holders to mint bMXX and receive revenue derived from platform fees. Users are also allowed to pledge and unpledge bMXX and claim rewards any time.
Staking in the governance module allows bMXX holders to govern the Multi-Chain Markets and Reserves.
Last modified 1yr ago
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