# Token Holders Token Holders is the largest group participating in the governance of Mangrove DAO. MGV is the Mangrove's governance token, and anyone owning some can either vote or delegate their voting power to someone else. Their participation ensures that a wide range of voices are heard, particularly those with a vested interest in the protocol. The voting power of a member of this group is directly proportional to the number of tokens held by or delegated to the voting address. The total number of vested MGVs is taken into account, regardless of whether they have been claimed or not. *NB: The MGV token is currently not transferable and not available on public markets. It is expected that the DAO will start distributing MGVs to Mangrove's users, liquidity providers, market makers, and developers in early 2024.* --- # 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.mangrove.exchange/governance/general-governance/key-stakeholders/token-holders.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.