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Summary of Mimo Governance Token
- Mimo offers a suite of applications to bridge the gap between DeFi and traditional regulated finance.
- Products include a decentralized euro stablecoin and blockchain-powered financial products (e.g., tokens backed by US Treasury bills).
- MIMO is the governance token for Mimo Protocol and Kuma Protocol.
- Users must lock MIMO tokens for a certain duration to govern the protocols, with longer locks granting more voting power.
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Introducing Mimo Governance Token: Empowering Decentralized Decision-Making
Mimo presents a comprehensive suite of applications, expertly designed to facilitate seamless access to digital assets for both business and retail investors, thereby bridging the gap between the decentralized finance (DeFi) ecosystem and the realm of traditional, regulated finance. By offering a decentralized and multichain euro stablecoin, as well as developing innovative, blockchain-powered financial products – including tokens backed by US Treasury bills, amongst other offerings – Mimo is poised to revolutionize the financial landscape.
MIMO serves as the governance token for both Mimo Protocol and Kuma Protocol. In order to participate in the governance of these protocols, users are required to lock their MIMO tokens for a specified period. Notably, the duration of the lock directly correlates with the extent of voting power, with longer locks yielding greater influence.