The COMP coin is a Governance token, a token that grants holders the power to propose various changes to the protocol’s system, along with also allowing the right to vote on others’ proposals. Proposals can range from requesting a change in the interest fee rates, the addition of a new coin, or even larger systematic changes regarding functions. The governance power correlates to the number of tokens one holds. All of this is a part of the Decentralized Autonomous Organization system (DAOs), which allows equality amongst the system’s users.
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