TAO Token Usage Scenarios
As the native utility token of the Fusotao Protocol, TAO not only represents the rights of the holder, but also has actual value. TAO can be used in the following scenarios.
1. Governance Token
Fusotao is a decentralized infrastructure with deep participation and leadership of the community. TAO is the only certificate of community participation in governance.
TAO holders with a certain number of TAO can initiate upgrade proposals, such as adjusting gas, changing the reward distribution, and putting forward TAO long-term incentives.
All TAO holders can vote on proposals, and the proposal with a majority of votes will be adopted and implemented by the development team.
If the project team plans to build a new DEX on the Fusotao Protocol, it needs to reach the minimum number of votes before it goes online.
2. Gas Fee
TAO tokens can be used to pay gas fees on the Fusotao Protocol application Chain.
3. Stake to Earn Transaction Fees
The Fusotao protocol is a decentralized blockchain network. Community users can directly share transaction fees through staking TAO Tokens for the DEXs backed by Fusotao Protocol.
4. Claim as a Matcher & Prover
Fusotao is a completely permissionless network where any TAO holder can stake a certain number of tokens to build their own DEX on Fusotao and earn transaction fees. No need to maintain assets anymore, just prove any modifications that are made.
You can consult our Economy Whitepaper for full details.
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