> For the complete documentation index, see [llms.txt](https://xcarnival.gitbook.io/xcarnival-public-document/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://xcarnival.gitbook.io/xcarnival-public-document/governance.md).

# Governance

$XCV is our governance token and the key to DAO governance.

We plan to launch a governance vault that allows community members to pledge their XCV tokens in exchange for XCV, which can be converted to votes at a 1-to-1 ratio. This way, XCV holders are able to take part in the key governance decision-making process.

Please stay tuned for more details!\ <br>