Tokenomic
MOD is the native governance token of the Storychain ecosystem, designed to empower users and decentralize the decision-making process of the platform. The token plays a vital role in enabling secure, decentralized operations while offering various incentives for users within the Storychain platform.
MOD Token Functionality
MOD Token serves multiple critical functions within the Storychain ecosystem:
Staking
MOD tokens can be staked to earn rewards passively. Staking also contributes to the security and stability of the Storychain network. By staking, users receive discounts in the Storychain Domain NFT Marketplace and Web3 domain registration services.
Payments
MOD is used as a medium of exchange within the Storychain ecosystem. It can be used for tipping content creators, paying for premium services, and other in-platform transactions, creating a circular economy within the platform.
Governance
MOD token holders are granted voting power to influence the future development and direction of Storychain. This includes voting on proposals in the Storychain DAO, where decisions about the platform's roadmap, features, and updates are made. Governance also extends to validating and approving Mutual Aid proposals, ensuring the community’s needs are reflected in the platform's development.
MOD Token Details
Name: Moods
Symbol: MOD
Supply: 1,000,000,000 MOD
Decimals: 18
Policy ID: (sample)
5cc34bd4bcc238105a9c04b55e5d7e34767e8103eee6705e009e34dFingerprint: (sample)
Asset1vnvsc5s5f9rqq8vsav7nwi7sqkx80hufs88mewAsset Name: (sample)
Asset1vnvsc5s5f9rqq8vsav7nwi7sqkx80hufs88mewTransaction Count: (sample)58
Created On: (sample) July 21, 2024, 4:34:58 PM UTC
Conclusion
The MOD token is more than just a currency; it is the backbone of Storychain's decentralized, community-driven ecosystem. By participating in staking, governance, and in-platform transactions, MOD holders actively shape the future of Storychain, contributing to a more open, transparent, and decentralized social media platform.
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