Kula Launches Governance Token to Give Investors and Local Communities Shared Control of Real-World Asset Projects

Kula, a blockchain-powered impact investment firm, has rolled out a governance token designed to give investors and local communities shared control over real-world asset projects.

Kula, a blockchain-powered impact investment firm, has launched a governance token to enable investors and local communities to have an equal say in key decisions regarding real-world asset projects.

The $KULA token, which debuted on April 15, will allow its holders to vote on critical investment choices, such as project funding, treasury allocations, and governance strategies.

This initiative combines traditional management structures with decentralized blockchain participation, aiming to introduce greater transparency and local representation into projects that are typically decided by distant investors.

According to a statement seen by crypto.news, token holders will enjoy full voting rights in all KULA governance proposals, and they cannot delegate or proxy their votes. This system aims to foster greater accountability and encourage more direct participation from the community.

Kula's governance model centers around tokenizing decision-making in projects that align with Environmental, Social, and Governance (ESG) criteria. Smart contracts will be used to deploy funds to independently approved infrastructure and development initiatives.

The KULA token is currently available for trading at a price of $0.07 on several exchanges, including MEXC.com, Coins.ph, and Coins.xyz.

Founded in 2021, Kula is focused on financing and developing sustainable infrastructure projects in emerging markets. The company is currently engaged in several initiatives.

In Zambia, Kula is collaborating with Bekazulu Mining to develop a limestone concession and secure sustainable water access for local communities.

Furthermore, Kula is working on a hydro-power backed new digital economy in Nepal, and a sustainable forestry initiative in Malaysia.

Among the members of Kula’s advisory team are leaders in international development, tribal chiefs, and former government officials from diverse nations. This collective expertise underscores Kula’s commitment to facilitating informed decision-making.