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  • What is XDAO?
  • Architecture
    • Glossary
    • GT (Governance Token)
    • LP Token (Liquidity Provider Token)
    • Hybrid Voting
    • My DAOs
    • Supported Blockchains
    • Smart Contracts
    • Audits
  • GUIDES FOr GT
    • Create a DAO
      • How to choose the right quorum?
    • DAO Page
      • Widget
      • Manage
        • DAO Customization
          • Verify DAO
          • Change Avatar
          • Change Banner
          • Edit DAO Profile
          • Change Widget
          • Edit DAO Analytics
        • GT management
          • Add Member
          • Remove Member
          • Change Members' Power⭐️
          • Change Quorum⭐️
          • Add Manager⭐️
          • Remove Manager
        • Investment activity management
          • Create LP Token
          • Create Private Offer⭐️
          • Manage Private Offers⭐️
          • Create Private Exit Offer⭐️
          • Manage Private Exit Offers⭐️
          • Create Crowdfunding⭐️
          • Crowdfunding past version
            • Create Crowdfunding⭐️
            • Manage Crowdfunding⭐️
          • Pay Dividends⭐️
        • Asset management
          • Send Token⭐️
          • Send "Coin"⭐️
          • Approve Token⭐️
          • Pay Salaries⭐️
          • Swap⭐️
          • Bridge⭐️
          • Hide Tokens⭐️
        • DAO Community
          • Create Proposal⭐️
        • Advanced
          • Add Permitted⭐️
          • Remove Permitted
          • Custom Transaction⭐️
          • Connect⭐️
        • DAO features
          • Forbid to Add Members
          • Forbid to Remove Members
          • LP Issue
            • Disable LP Issue
            • Enable LP Issue
            • Freeze LP Minting Status
          • LP Redemption
            • Disable LP Redemption
            • Enable LP Redemption
            • Freeze LP Burning Status
      • Activity
      • Info
  • User's Guide
    • My Account
    • Crowdfunding
    • Private Offer
    • Private Exit Offer
    • Burn LP
  • use cases
    • Launch of Crowdfunding: Step-by-Step Tutorial
    • My First DAO
    • Mutual Fund
  • XDAO Info
    • Partner with us!
    • Bug Report
    • XDAO Pill
    • Resolving Errors
    • Contact Us
    • Brand & Logos
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  • What is GT?
  • GT token role in DAO
  1. Architecture

GT (Governance Token)

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Last updated 2 years ago

What is GT?

Non-transferable ERC20 token. Address of GT equals to DAO address

GT address = DAO Address. This is the same smart contract

GT token role in DAO

Immediately at the moment of DAO creation, you need to distribute Governance tokens among DAO participants.

All wallets with GTs have access to the DAO and can create any proposals. The quorum determines how many tokens are needed to activate any vote in the DAO. If all issued GTs equals to 100%, then a 51% quorum will require 51% GTs, which are distributed among DAO members.

Governance tokens cannot be sent to another wallet by direct transfer. If there is a need to send tokens, for example, DAO member decided to leave the project, that DAO member needs to initiate a vote to transfer GT from his wallet to another.

Governance tokens cannot be sent to another wallet by direct transfer.

As you can see, the GT token makes it possible to be a member of the DAO. What then is the difference between an LP token and a GT and is it necessary to create one?

Join XDAO club:

📲 TG Global:

📲 TG Announcement:

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📲 GitHub:

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📲 Discord:

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https://blog.xdao.app/
https://github.com/XDAO-App
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https://discord.gg/xdaoapp