What is COW token?
The CoW token is the native governance and utility token of the CoW Protocol, a decentralized finance (DeFi) platform designed to optimize trading on the Ethereum blockchain. CoW Protocol employs batch auctions and a "coincidence of wants" mechanism to enhance liquidity and secure favorable prices for users.
Key Features of the COW Token:
- Governance: COW token holders participate in the CowDAO, influencing protocol decisions and development.
- Utility: Holders benefit from fee discounts on CowSwap, the protocol's decentralized exchange interface, and other perks within the ecosystem.
Recent Developments:
On November 7, 2024, Binance, a leading cryptocurrency exchange, listed.
