What does governance token mean?

A governance token is a token that can be used to vote on decisions that influence an ecosystem .

Community tokens are created as a means to gain access to a community . These are similar to membership cards but based on the blockchain. Several companies have mushroomed over the last couple of years to leverage the power of social tokens.

The blockchain ecosystem is a network of participants in a blockchain that share business objectives and processes . Blockchains have surged in popularity ever since bitcoin introduced the world to cryptocurrency. There has never been a new technology that has grown this fast.