Governance
The OSMO token is also used as a governance token. As a typical Cosmos SDK proof of stake (POS) chain, governance is completely decentralized and anyone holding OSMO can vote in governance proposals. The community is extremely active and governance votes happen very often. In a typical week there will be 2-4 governance votes on topics ranging from upgrades, weekly incentive adjustments, pool incentive additions and more.
In the next episode I will discuss in detail how to use Osmosis and why it plays such a vital role in the development of the Cosmos Ecosystem. There are links below to the Osmosis app and their Telegram chat.
N.B. If you find yourself getting deeply involved in the community, you will find that there are many chat groups on Telegram spawned from the Osmosis chat with a large community of people consistently brainstorming new and innovative ideas about the crypto space and the future of blockchain technology use cases. Getting involved and tracking down these chat groups is highly recommended if this is something that interests you.
I’ll be deep diving into more chains and aspects of the Cosmos ecosystem over the coming weeks and months so subscribe if you haven’t already to keep up to date with everything Cosmos
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