@oswaldelino

The effectiveness of governance tokens depends on whether votes influence meaningful decisions, such as treasury allocation, protocol upgrades, and strategic direction. Examine past governance proposals to see if votes were executed transparently. In some projects, governance exists only symbolically, with core decisions made by insiders. Token distribution also matters—if power is concentrated among whales, effective voting becomes limited. A genuine governance token empowers diverse participants and has mechanisms to implement results without delay. True voting power transforms holders from spectators into active stakeholders.

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