The FinCypher token has 2 main functions in the system: it is applied as a base currency in the Fincypher ecosystem for the trade of Fincypher Crypto CDOs, token drives the governance process in Fincypher ecosystem allowing stakeholders to securely execute Fincypher protocol upgrades. FinCypher token will be the system’s governance token, empowering token holders to vote on updates to the platform. Combining governance mechanisms and incentivizing holders, it will serve as a means to align the different stakeholders in the system. Overall, decentralized, automated governance, that incentivizes participants and aims for security, sustainability, and participant welfare is key to a DeFi protocol’s success.
