\$LITKEY will also serve as a governance token for the Lit Protocol ecosystem, enabling token holders to direct the ecosystem’s evolution through a decentralized, on-chain governance system. Individuals holding $LITKEY will play an important role in selecting network operators, suggesting core protocol upgrades and feature enhancements, distributing public goods and grants funding, and other related functions. Additionally, token holders influence ecosystem growth by shaping strategies for partnerships, integrations, and network expansion. As the protocol matures, these governance mechanisms will continue to evolve.
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