A Community Driven Token
Community tokens, primarily, are created as a means to gain access to a community. They're a type of cryptocurrency that is specifically designed to open the doors to some particular digital groups based on blockchain. These groups are then responsible for driving the token and all the critical decisions of its ecosystem.
As the name 'community-driven' indicates, these tokens are, in fact, driven by communities. They have no single owner, unlike other centralized finances or banks. No single upper authority controls all the token's important decisions. Instead, all the decisions and authority rests with the Community or the group behind the token. Since decentralization is the essence of blockchain, community-driven tokens fulfill this claim in their true form.
Last updated