Token Utility Model
Last updated
Last updated
The Kross Token Utility Model provides users with a range of benefits and features that make it an essential component of the Kross ecosystem.
Kross Token holders have voting rights, making it a governance token that enables them to participate in the decision-making process of the project. This ensures that the community has a say in the platform's development and direction.
Kross Token is a native pair for executed trades in the Kross Swap and Kross Chain Aggregator. This allows users to swap tokens easily and seamlessly, without having to go through the hassle of exchanging one currency for another.
Kross Token is also a payment method for paying for new projects to list their tokens. Users can use Kross Token to pay for services and products within the ecosystem. It can also be used as a peer-to-peer payment method and a medium for storage and exchange of value.
Holders of Kross Tokens can participate in the staking portal and share in the protocol's revenue generated from transactions on the Kross Chain Aggregator.
Kross Token holders have voting rights, and proposals will be submitted to the community to make decisions concerning the platform. Studies on a fair management structure continue.
Users who stake Kross Tokens on the Kross Chain Aggregator can benefit from a reduction in swap fees. The AI path finder dynamically adjusts the swap fee rate based on the user's Kross Token stake and KrossPower.
Users can earn airdrops based on their usage of the Kross Chain Aggregator and other dex aggregators in the Kross ecosystem.
The Kross Token can be used as a native token to access the NFT portal and purchase NFTs from the marketplace within the wallet.
The Kross Token is used for accessing all Kross Earn products to earn lucrative income.
To access the liquidity pools within the Kross ecosystem, users need to have Kross Token. Liquidity pools are essential for trading, and having access to them ensures that users can swap tokens easily and without any interruptions.
Kross Token can be used as a staking coin and token within the Kross Earn. Staking rewards are funded by protocol revenue, and APY rates are variable, providing users with opportunities to earn lucrative income.
In certain periods, Kross Tokens are purchased from the market at the rate determined by the platform's revenue and VaultManager's recommendations. This is used to add liquidity on AMMs and exchanges, transfer to the market-maker wallet, or sent to the Staking Portal as a reward to participants.
