3. A voting card

A final dimension to the OTOCO token is its holders’ guaranteed participation rights. Such governments rights have been embedded in many DeFi tokens, however our proposed token design seeks to improve on token holders’ “voice” by making each and every token holder a beneficiary of OtoCo’s Foundation.

In the legal analysis, such beneficiaries can receive monetary rewards without becoming shareholders, which makes it possible to grant further tokens to token holders.

Finally, the part of the mint that accrues to the Foundation itself can be further granted out to rewards key contributors and committed governance participants. In this respect, also see our recent blogs on how OtoCo as a community project is moving away from narrow coin holder voting by adding a layer of non-transferable governance NFTs.