### What is AxonDAO Governance Token?

AxonDAO Governance Token, symbolised as AXGT, is a governance and utility token for AxonDAO. This decentralised organisation is focused on pushing the boundaries of Decentralized Science (DeSci). The token allows holders to engage in governance, vote on proposals, and direct research funding allocations within the ecosystem.

### How does AxonDAO Governance Token work?

AXGT operates on the Ethereum blockchain, utilising a Proof of Stake (PoS) consensus mechanism. The token contract is built following the ERC-20 standard using the Solidity programming language. It incorporates the Ownable and ERC20 libraries to manage token supply and ownership, enabling governance and proposal submissions within the AxonDAO ecosystem.

### What are the potential use cases for AxonDAO Governance Token?

The AxonDAO Governance Token serves numerous roles, including:

- Voting on project funding proposals and submission of new projects.
- Accessing exclusive member areas and participating in DeSci projects.
- Supporting research with transaction fees and incentivising data value exchange.
- Offering product discounts on scientific tools and services.
  
Additionally, AXGT facilitates various real-world applications across decentralized science and digital healthcare, such as biometric AI voice collection projects and clinical trials involving psychedelic therapy.

### What is the history of AxonDAO Governance Token?

AXGT's journey began in 2013 as a telemedicine clinical data startup and evolved into a DAO dedicated to decentralized science by 2021. Led by Christopher Crecelius, the transition focused on addressing centralisation in research funding and improving transparency and accessibility in scientific endeavours. The tokenomics include 1 billion minted tokens, with the AXGT contract audited as part of its deployment. Notable milestones include approvals and partnerships with NVIDIA and Gitcoin, reinforcing its significant role in the DeSci space.

AxonDAO Governance Token

Deposits and withdrawals are not currently available for this coin.

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