Trade Top 5 Governance Tokens at Best Price & Lowest Fees

3 min readFeb 16, 2022

Buy $UNI $AAVE $CAKE $MKR $AMP at Best Rates & Low Fees on RocketX Exchange

The Governance Token plays an important role in distributing control of blockchain projects among its user communities. In a decentralized blockchain world, projects are always looking for ways to extend more power and responsibility to their users. But for it to work, it must use a method that guarantees only serious-users, who are committed to the success of the project, can participate .

One way to achieve this is to create a special kind of collectively managed organization known as the Decentralized Autonomous Organization (DAO) and ask participants to invest their own money in exchange for voting rights to ensure that everyone acts honestly and the DAO proliferates. Often in this setting, those who invest more money have more voting rights than those who do not.

Users are then issued a type of utility-token known as a “on-chain governance token” that represents the interests of each person in the DAO.

Uniswap (UNI):

Uniswap (UNI) is a decentralized protocol for automated liquidity provision on Ethereum. A major problem with illiquid assets on regular exchanges is “high spreads” & Uniswap solves this problem by enabling everyone to become a market maker. The UNI token is a governance token that enables holders of it to vote on changes to the Uniswap protocol and on how to allocate the funds in the governance treasury.

Check a short video on how to Buy, Sell & Trade $UNI on RocketX Exchange:

PancakeSwap (CAKE):

PancakeSwap (CAKE) is an automated market maker and yield farm on the Binance Smart Chain (BSC). CAKE token usecases include- Governance of the PancakeSwap platform via voting on new features such as new pools, promotions etc amongst others. PancakeSwap also allows you to farm its governance token — CAKE. It also provides yield farming, lotteries, and initial farm offerings, staking for more CAKE and Staking to get non-CAKE tokens in the Syrup Pools.

Aave (AAVE):

Aave (AAVE) is not only a crypto token but also a decentralized finance protocol. It enables the lending & borrowing of crypto. Lenders deposit digital assets into liquidity pools. Borrowers put up crypto collateral and take “flash loans” using the liquidity pools. As a crypto token, it gives holders discounted fees and also serves as a governance token by giving holders a vote in the protocol’s development.

Maker (MKR):

MakerDAO is a decentralized organization. And Maker Protocol is a a peer-to-contract lending platform that allows users to issue and manage the DAI stable-coin. It enables over-collateralized loans by locking ETH in a smart contract and minting Dai, a USD-pegged stable-coin. Dai can be traded and used for payments. Maker (MKR) is the governance token of the MakerDAO and Maker Protocol.

Amp (AMP):

Amp is a digital collateral token offering instant, verifiable assurances for any kind of value transfer. AMP is an Ethereum-based token that makes transactions instant and secure. AMP enables cryptocurrencies like BTC, ETH, and others to be used to pay for goods and services. Vendors receive payments in fiat. Projects like Flexa use Amp to secure transactions and build networks securely and transparently. AMP as a governance token enables AMP community members to propose & vote on initiatives that will improve the $AMP ecosystem.