Since you've mentioned CVOL already, Can you explain a bit

Question

Gate.io International (English)

Tom Rodriguez - [Check Gate.io telegram group admins]

Since you've mentioned CVOL already, Can you explain a bit

more about GOVI now, your Governance Token?

#crypto-exchange #cryptocurrency #english #gate.io

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01.06.2022

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Yoni · Accepted Answer

Sure. The GOVI token is an ERC-20 token, currently tradable in Gate, as well as DEXs on Ethereum, Polygon and Arbitrum and acts as the governance token for the CVI protocol and the platform. I believe we managed to do one of the fairest launches with the launch of GOVI. The GOVI token was airdropped to over 3000 people, who claimed it over a period of several months. In addition, 60% of the distribution is done over time to the platform's users via liquidity mining. This also makes a lot of sense in our view, as who is better to control the platform and become its owners than its own users who have a stake in the game. By staking their GOVI tokens, GOVI stakers earn a share of the fees collected from the platform (which currently are used to buy-back GOVI in the market). In less than a year we reached $1 Million USD equivalent in fees distributed to GOVI stakers and we keep growing!

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