ChainSwap has a native platform token called Chainswap.com Governance Token (ticker: TOKEN). The platform token facilitates platform operation, utility capture and value realization. TOKEN has no monetary value. TOKEN incorporates economic and game theoretical designs to boost platform utility.
Features of TOKEN
Each TOKEN represents one vote in the decision making process of the ChainSwap hub. The more TOKEN held in ones wallet, the higher voting power and influence they have make on proposals.
ChainSwap Consensus Staking
Consensus Node staking for ChainSwap nodes. Building and securing ChainSwap's cross-chains system.
The Protocol Fee
The ChainSwap bridge has an embedded fee system. The fees are charged to client for bridging the asset. Fees are collected and used for purchasing back TOKEN.
The Liquidity Provision Fee
The liquidity bridge (an upcoming bridging solution) allows liquidity providers to earn fees from providing liquidity on one end or both ends of the bridge. Liquidity providers will earn liquidity provision fees from the clients. Part of the fees are used to buy back TOKEN and reward liquidity providers.
ChainSwap Hub TOKEN
ChainSwap will develop an intermediate chain that brings about native cross-chain features for DApps deploying in the hub. The TOKEN will be used as the native token for the intermediate chain.
More utility will be added and adjusted along the road. Token economics is a dynamic subject that evolves with the project development and product usage.