With GIVernance, CryptoLocally Becomes the First Fully Decentralized P2P Crypto Marketplace!

We are delighted to launch GIVernance and become the first fully decentralized P2P crypto trading platform! GIVernance enables GIV token holders to manage and govern Cryptolocally by integrating a governance model at the heart of the platform. Having been forthcoming with our intent of developing GIV to become a governance token since GIV’s inception, we are happy to deliver that feature today. GIV token holders are now empowered to decide on the development direction of the platform making it more inclusive, rewarding, and exciting.

Read the full guide on how to use GIVernance here

Cryptolocally’s Decentralized Governance Model: GIVernance

GIVernance gives GIV holders the power to participate in creating and voting for proposals that determine where our platform is headed. To participate, token holders are required to stake their GIV tokens. Increasing the number of staked tokens increases the participant’s voting power.

Eventually, GIVernance will give token holders more control over the platform. These areas include control over the level of inflation of the GIV token, change its staking rewards, and decide on platforms free floats by way of token burns. Furthermore, GIVernance participants will also be able to decide on CryptoLocally Vault (CLV) strategies. We are confident that this move forward will be more beneficial and bring value to the entire CryptoLocally ecosystem.

How Does GIVernance Work?

Don’t hesitate to read our guide on how to use GIVernance

The GIV Token

GIVernance will extend the utility of GIV tokens adding decentralized governance to our platform. We hope to encourage the CryptoLocally community to take a more active role in determining the future of the exchange by empowering them with this feature. We believe this move will further enhance innovation on our platform leveraging the wisdom of the crowd through proposals and voting.

Further Reading

CryptoLocally (GIV) GitHub

About the GIV Token

The first fully decentralised P2P crypto trading platform!