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What are the rights and responsibilities of token holders in the blockchain ecosystem?

avatarTeja FrostDec 27, 2021 · 3 years ago1 answers

In the blockchain ecosystem, what are the specific rights and responsibilities that token holders have? How do these rights and responsibilities differ from traditional financial systems?

What are the rights and responsibilities of token holders in the blockchain ecosystem?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As a token holder in the blockchain ecosystem, you have the right to participate in the decision-making process of the network. This includes voting on proposals, contributing to discussions, and shaping the future direction of the blockchain. Token holders also have the right to access and use the services and applications built on top of the blockchain. However, with these rights come responsibilities. Token holders are responsible for conducting due diligence before investing in a project and assessing the risks associated with holding tokens. They also have a responsibility to support the network by actively using the services and applications built on top of it. By fulfilling these responsibilities, token holders can contribute to the growth and success of the blockchain ecosystem.