The Dock token enables transparent and accountable governance for the Dock Network. Any token holder can participate via open proposal submission, voting on the direction of the network, and electing board members to the Dock Association.
Dock tokens are required to process operations on the Dock network including creating a decentralized identity (DID), revoking and anchoring credentials, and creating schemas to structure credentials.
To become a validator in Dock’s Proof of Stake Network, candidates need to lock (stake) tokens and can invite others (nominators) to lock tokens on their behalf. The network selects validators based on the amount of staked tokens allocated to them.