FLOOR
The FLOOR token can be used as a pure governance token by locking it for voting power. This voting power allows holders to influence all of FloorDAO's onchain votes and is used as a way to signal preferences in offchain voting mechanisms such as Snapshot.org.
The FLOOR token does not provide a claim on the treasury and offchain votes are non-binding, meaning that the team ultimately decides whether such preferences are enacted.
The FLOOR token does, however, provide access to all of FloorDAO's onchain decision making, and the team is working to decentralize every aspect of the DAO over time, starting with V2's Floor Wars.
Last modified 3mo ago