# &#x20;KAD Dao

The $KAD token is the governance token for the KAD public chain and allows its holders to participate in the on-chain governance protocols of the KAD DAO.

If you own $KAD tokens, you can vote on governance proposals that affect the operation and development of the KAD chain. This includes proposals for upgrades to the chain, as well as proposals on how to use funds within the DAO vault.

When you vote on on-chain proposals, you will use $KAD tokens to indicate your support or opposition. The more $KAD tokens you have, the more influence your vote will have. This is because KAD DAO's smart contract is implemented in such a way that votes are token-weighted, which means that the power of a vote is determined precisely by the number of tokens represented in the voter's wallet. The initial supply of $KAD is 10 billion. The first minted tokens will be eligible in September 2023. The $KAD minting campaign will be conducted by the DAO through a proposal.

In summary, the $KAD Token is a special-purpose digital asset that enables its holders to vote on on-chain proposals affecting the operation and development of the KAD DAO and its governing technology. Holding $KAD Tokens allows you to democratically shape the future of the KAD ecosystem with other value-aligned and incentive-aligned token holders.
