01. Token Economy
Last updated
Last updated
The BLOCKSTREET Service issues its own token to support various features and interactions within the platform. This token can be designed as a BSC-based BEP-20 token, which will be used for all transactions and interactions on the platform.
1. Transactions and Payments
Tokens are used as a means of transaction within the BLOCKSTREET Service.
Users can pay with tokens for goods and services within the platform, either as transaction fees or service fees.
2. Reward System
The platform rewards users, developers, and contributors with tokens.
The reward system can operate in the following ways Contribution Rewards: Rewards users for their contributions to the platform, such as content creators, developers, and reviewers.
Engagement rewards: rewarding users for being active on the platform.
3. Governance
Token holders have voting rights on major decisions of the platform. This allows users to participate in the development direction, updates, and policy changes of the platform. It contributes to strengthening stability and reliability. Such a token economy can support the sustainable development and successful operation of the BLOCKSTREET Service, engage users and the community, and contribute to increasing the economic value of the platform.