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Naturally, if you've been learning about cryptocurrencies, you've heard of "governance token." At first, it might appear technical, but don't worry, this guide will explain everything in simple everyday terms. A governance token is a unique type of cryptocurrency that allows its owners to cast votes on choices about the operation of a blockchain project or a protocol. For example, if a blockchain project is a company, then governance tokens are shares that allow you to have a say in how the business will run. Yet, holders of governance tokens typically use online platforms that use blockchain technology to cast their votes rather than in a boardroom.
