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Ahmed Barakat
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CoinDepo has launched a live governance framework that allows COINDEPO token holders to vote on real platform decisions.
The scope of the new governance framework gives significant powers to COINDEPO holders, including product direction, new asset listings, marketing campaigns, exchanges, strategic partnerships, charitable allocations and token economy proposals, including replication mechanisms.
CoinDepo, founded in 2021, operates more like a traditional non-bank financial institution than a trading platform and has grown steadily since its debut, having more than $239 million in assets under management and serving more than 112,000 active users.
The platform’s core products allow users to earn compound interest on cryptocurrency deposits, borrow against those holdings, and — in the near future — spend through a cryptocurrency credit card. Governance now allows COINDEPO holders to direct the future of the platform.
How governance works on CoinDepo
The platform is managed by a system inspired by DAO principles, using IPFS (Interplanetary File System) to store verifiable and auditable voting records. Publishing the results to IPFS means that the record exists outside of CoinDepo’s own infrastructure – and can be independently verified by anyone who wants to verify it.
One of the first topics expected to be addressed to token holders is also one of the most practical: what assets should be added to the platform next?
The launch of governance represents a huge change for the COINDEPO token. The COINDEPO governance token actually adds additional layers of value by enhancing yield and lowering borrowing costs.
Specifically, holders of this card can earn between 19% and 25% APR by depositing their tokens into compound interest accounts, unlock up to +3% additional APR over standard rates through the tiered Advantage program, receive an additional bonus of +2% APR by opting to receive interest payments in COINDEPO, and receive loan rate discounts of up to -3%. Participation in governance now expands its use even further, turning token ownership into participation in how the platform itself is developed.
Through the management system, COINDEPO holders can participate in decisions regarding:
- Strategic platform initiatives
- Product direction and platform improvements
- Marketing and community campaigns
- Charitable initiatives and allocation priorities
Learn about tokens and the upcoming virtual credit card
The total supply of COINDEPO is fixed at $1 billion, with no other coins possible, and 40% reserved for community rewards and interest payments. The buyback plan uses 20% of quarterly profits to buy back and burn tokens until 50% of the total supply is removed from circulation, meaning a deflationary mechanism directly linked to the platform’s revenue performance.
For token holders, they can now profit on their deposits, reduce borrowing costs, and vote on decisions that determine what the platform will look like next – all within the same account.
The token is traded on major exchanges, including MEXC, BingX, BitMart, and others.
CoinDepo will also soon begin issuing plastic, metal or virtual credit cards based on the user’s credit limit that pay up to 8% cashback in cryptocurrencies, work with over 90 million merchants globally and support Apple Pay and Google Pay. You can join the waitlist for more launch announcements.
