Token Utility
Last updated
Last updated
Access Requirement: Users must have a certain quantity of our native ETFS token in order to access the ETF offers on our platform. This criterion correlates with the token's utility role within the ecosystem, supporting a participative approach in which token holders may use the full range of ETF services and advantages offered on the platform.
Governance Token Functionality: Our token will act as the ecosystem's governance token, granting token holders decision-making authority over platform updates, suggested modifications, and strategic orientations. Our token holders will have the capacity to engage in voting procedures, affecting future advancements and upgrades within the platform, similar to the function of LINK in the Chainlink ecosystem.
Fee Payment Mechanism: The native token will be the primary way of payment for the platform's different services. Every transaction or service provided inside the ecosystem will incur costs that must be paid in the native token. This payment methodology assures the token's ongoing circulation and usage, enhancing its inherent value within the ecosystem.
Conversion and Interoperability: Within our platform, users will be able to convert their ETF holdings completely to our native crypto coin. This token may then be swapped for any other cryptocurrency via any decentralized exchange (DEX). This one-of-a-kind feature not only encourages the use and liquidity of our native currency, but also supports interoperability between our platform and the larger crypto ecosystem, giving users greater choice in managing their assets.