It is a strategy to make their coins to have a use, or encourage holding.  I also find governance as a centralized version of cryptocurrency.  They keep on saying it is decentralized but the mere fact that most governance is led by the developer themselves and/or those people who have a huge amount of stash simply show what I am thinking is correct.  Aside from that I symphatize with you that letting people that has a poor vission and knoledge of economics but has power because they hold more tokens will simply make the project unpredictable and may often lead to exploits.