IDL token is a governance token that can be obtained from IDL Swap by staking LP tokens that are obtained through providing liquidity on Uniswap. IDL tokens are used for project governance and asset liquidity incentives.
Uniswap has a vision of a fair distributed trading protocol. Anyone can exchange two paired tokens anytime, anywhere, and Uniswap offers fair incentives to encourage everyone to provide liquidity to the transaction. All records are on the chain and cannot be edited. Currently, the token incentive mechanism in IDL is applied to six trade pairs: USDT-ETH, USDT-ELYX, UNI-ETH, HFIL-ETH, IDL-ETH, IDL-ELYX.
Governance refers to a system in which community members participate in decision making and make decisions in groups. Traditional governance has been a top-down approach in centralized hierarchical organizations, such as governments and businesses, but in the software developers community, each member is an equal entity and often makes collective decisions through discussion and consultation. In particular, the advent of blockchain technology has created decentralized autonomous organizations (DAOs), and the horizontal and autonomous governance structure is spreading.
In other words, the primary function of governance tokens is to exercise voting rights over governance.
IDL tokens have a structure that combines proof-of-equity elements into a robust DAO representative governance model and can be maintained continuously. In the IDL Proof-of-Stake ecosystem, IDL Holders with large quantities of IDLs will campaign to become a Community.
Follow the IDL Swap official community:
Homepage: https://idlswap.io/
Telegram (ENG): https://t.me/IDLSwapEnglish
Telegram (KR): https://t.me/idlswap
Twitter: https://twitter.com/idlswap
Github: https://github.com/IDLSwap
KakaoTalk: https://open.kakao.com/o/gT6db2Hc
