$PACT is impactMarket's governance token. It acts as a global medium of governance that empowers participants through decision-making and comprehensive incentive mechanisms.
Token holders will be granted the ability to influence the protocol's future health, direction, growth, and impact:
- Voting power delegation: Any token holder can delegate voting power to themselves, someone they trust, or key protocol participants. You can vote with any amount of tokens; you don't need to stake them, only hold them in your wallet.
- Communities´ verification and validation: Each new UBI community will be submitted as a proposal and reviewed by token holders, who can vote for its approval. Verified communities can request funding directly from the DAO.
- Manage/Update: key parameters, calculation formulas, treasury allocation, and incentives.