Governance token

What Is a $HMSTV Governance Token?

$HMSTV - HAMSTAVERSE TOKEN

$HMSTV is governance token that HAMSTAVERSE Team created to allow token holders to help shape the future of a project. Governance token holders can influence decisions concerning the project such as proposing or deciding on new feature proposals and even changing the governance system itself.

In many cases, the changes proposed, vetted and then voted on through on-chain governance accessed by using governance tokens are applied automatically due to smart contracts. In other cases, the team maintaining the project is tasked with applying the changes or hiring someone who will.

Proponents of systems that use governance tokens believe that they allow for user control, which holds true to the original cryptocurrency ideals of decentralization and democratization. In HAMSTAVERSE will be created an organization who let users control the development of the systems is called decentralized autonomous organization (DAO). HAMSTAVERSE DAO.