Token Utility and Value Accrual·Lesson 2 of 36·12 min
Utility vs. Governance Tokens: Design Choices
This lesson is for enrolled learners
A huge share of token design mistakes come from treating "utility token" and "governance token" as interchangeable labels instead of two very different design commitments with different consequences for holders, the treasury, and regulators. A utility token grants a specific, usable right: pay for compute, unlock a feature tier, mint an in-game item, or receive a discount. The value proposition……
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