# $GVDT - Governance Token

$GVDT is GOV.DAO´s governance token.&#x20;

$GVDT is a fungible ERC-20 token minted and issued on the Polygon network. The reason for selecting Polygon as $GVDT´s native network is because of its association with the non-fungible token ("NFT") domain name - GOV.DAO (minted on Polygon).&#x20;

$GVDT is coded to represent and facilitate:

* Members' interests in GOV.DAO;&#x20;
* Governance rights in GOV.DAO; and
* Participation rights in rewards generated by GOV.DAO´s activities.

GOV.DAO is a decentralized autonomous organization ("DAO LLC") legally structured as a for profit DAO limited liability corporation ("DAO LLC"). GOV.DAO LLC is domiciled in the Marshall Islands.&#x20;

$GVDT holders are members of GOV.DAO. By owning $GVDT, members can participate in decision making processes ("Governance") related to GOV.DAO´s mission, direction, operation and development. Members are responsible for both the continuity and sustainability of GOV.DAO´s mission.&#x20;

Members will be rewarded for their participation in GOV.DAO´s mission to "Build Better Governance".

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