gMITO is Mitosis’s governance token that enables on-chain governance participation and serves as the reward token for validator staking. Token holders can use gMITO to vote on governance proposals affecting protocol parameters, upgrades, and cross-chain operations.

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Key Characteristics

  • Governance Token: Primary token for voting on Mitosis governance proposals
  • ERC20 Compatible: Standard ERC20 token on Mitosis Chain
  • Non-Transferable: gMITO cannot be transferred between accounts
  • Staking Reward Token: All validator staking rewards are distributed in gMITO

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Non-Transferable Design

gMITO is intentionally designed to be non-transferable to ensure governance integrity:

Governance Integrity

Authentic voting power

  • Eliminates vote buying and governance token markets
  • Ensures voting power represents genuine network participation
  • Prevents wealthy actors from purchasing governance control

Earned Participation

Merit-based governance

  • Governance power must be earned through network contribution
  • Aligns voting power with actual stake in network success
  • Rewards long-term commitment over short-term speculation

How Non-Transferability Works:

  • All transfer functions (transfer, transferFrom) are disabled
  • Direct transfers between accounts are blocked
  • Only minting and burning operations are allowed
  • Tokens remain permanently associated with earning addresses

Earning gMITO:

  • Validator Staking: Stake MITO or gMITO to validators to earn gMITO rewards
  • Validator Operations: Run validators to earn gMITO rewards

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Voting Power

Voting power in Mitosis governance is determined by the total amount of gMITO tokens a user controls across different states. Your total voting power equals the sum of:

  • Held gMITO: gMITO tokens in your wallet
  • Staked gMITO: gMITO tokens staked to validators
Voting Power = Held gMITO + Staked gMITO