Mimo provides a range of applications intended to help both retail and business investors utilize their digital holdings or enter the Blockchain sector, aiming to bridge the gap between DeFi and traditional regulated finance. The platform offers a decentralized, multichain euro stablecoin and creates blockchain-based financial items, including tokens backed by US Treasury bills among other offerings.

MIMO serves as the governance token for both the Mimo Protocol and Kuma Protocol. To participate in governing these protocols, users are required to lock their MIMO tokens for a set period. Voting power increases with the length of the lock.