# Introducing WSD ### What’s a Governance Token? Governance tokens give their holders the power to influence the direction in which the project will move. This means the users are a direct stakeholder in the DeFi platforms. ### What’s the use of Governance Tokens? On-chain governance gives every stakeholder an opportunity to discuss and vote on how to manage the protocol. When any changes are proposed, the governance token holders can support or disagree with them by voting. The system is the following: each governance token equals one vote. It means that the more tokens a holder has, the easier they can sway over the protocol. ***WSD holders will have immediate ownership of:*** * WhiteSwap governance * WSD community treasury * The protocol fee switch * WhiteSwap Default Token List ***Initial governance parameters are as follows:*** * 0.5% of WSD total supply (delegated) to submit a governance proposal * 4% of WSD supply required to vote ’yes’ to reach quorum * 7 day voting period * 5 day timelock delay on execution --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.ws.exchange/governance-token/introducing-wsd.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.