Governance and Utility

Governance and Utility

• Governance: FLOW token holders will have governance rights, allowing them to vote on key platform decisions, including updates to the reward mechanism, platform fees, and new feature proposals. This ensures that the platform evolves in line with the community's interests.

• Transaction Fees and Discounts: FLOW tokens can be used to pay for transaction fees on the platform at a discounted rate compared to other cryptocurrencies, incentivizing the use and circulation of FLOW within the ecosystem.

• Staking: Token holders will have the option to stake their FLOW tokens to earn a portion of the platform's trading fees, providing an additional incentive for long-term holding and contributing to platform security.

Security and Stability Fund

• Security Fund: A portion of the transaction fees will be allocated to a security fund, dedicated to ensuring the platform's security through audits, bug bounties, and other security initiatives.

• Stability Fund: To help stabilize the platform during times of high market volatility or unexpected events, a stability fund will be established, funded through a combination of transaction fees and a portion of the initial token allocation for the development fund.