🪙Token Utility
Last updated
Last updated
The image shows One80 token flow and the circulation of tokens in the One80 DeFi protocol.
One80 decentralised finance exchange farms and pool token utility will offer the following benefits via the One80 platform:
Our DeFi protocol will use liquidity pools, where users can deposit their tokens to provide liquidity for trading pairs. In return for providing liquidity, users will receive a share of the trading fees generated by the exchange. Our DeFi protocol token, alongside other tokens, will be utilised as a reward. For instance, by staking the exchange's native token along with the tokens they want to provide liquidity for, users can earn a portion of the trading fees in addition to potential token rewards.
Trading fee discounts to users who hold a certain amount of the platform's native token will be made available. This incentivises users to acquire and hold the token, contributing to its demand and potentially increasing its value.
One80 will adopt decentralised governance models where token holders can participate in decision-making processes. This can involve voting on proposals related to platform upgrades, fee structures, new token listings, and more. Token holders with a larger stake often have a greater influence on these decisions.
Additional trading pairs involving One80 native token will be created, and users will be able to trade the exchange's token against other tokens listed on the platform.
Tokens are often used for staking and yield farming. Users can lock up their tokens for a specified period in exchange for rewards, including additional tokens or a share of the exchange's revenue.
One80 will offer incentive programs where users receive a certain amount of the platform's native token for performing specific actions, such as signing up, making a trade, or referring others to the platform.
The One80 protocol and tokens, can be used as collateral to secure loans. Users can borrow other tokens or stablecoins by locking up their native tokens as collateral.
One80 token utility within its NFT (Non-Fungible Token) marketplace will enable users to invest in global projects and real-world use NFTs and rent/lease, buy, sell, and trade unique digital assets. The native token's utility with NFTs will enhance user engagement and experience, incentivise participation, and offer minting discounts, NFT airdrops, and additional native token marketplace offers.
Users will be able to on and off-ramp their one80 tokens and other tokens for fiat currencies anywhere in the world. One80 native token holders will benefit from lower transaction costs when moving funds and assets between traditional and crypto environments.
Our stablecoins will maintain a stable value, pegged to a specific asset like a traditional fiat currency (such as the US Dollar or euro of British Pound), commodities, or other stable assets. The utility of our stablecoins lies in their ability to provide a reliable and consistent value within the volatile cryptocurrency market. One80 token holders will benefit from lower stablecoin and stable asset transaction costs.
One80 token will have multichain functionality, providing users from any blockchain ecosystem the opportunity to hold, exchange trade and benefit from One80 products and services. Multichain integrations will be required to support mass market adoption of One80 and will enable larger user numbers needed to grow the One80 community and expand product and user benefits for all.
One80 token cross-chain bridge will enable functionalities and benefits of our native token, which will seamlessly interact with different blockchain networks through a bridge mechanism needed to facilitate the transfer of assets and data between different blockchain ecosystems. One80 tokens from one blockchain will be used on another blockchain to expand the One80 utility and interoperability.
The One80 wallet will be utilised to offer all of our global products and services via a dedicated One80 wallet application and plug-ins and provide a secure place for users to store their digital assets. The One80 wallet will enable users to manage their DeFi assets effortlessly without needing to be tech-savvy.
One80 virtual and physical cards will enable users to spend One80 native token and other tokens and currencies for over-the-counter purchases. We will offer a payment gateway for sellers and resellers to accept crypto payments, where One80 tokens will be offered as rewards on a per-transaction basis.
Users will have the opportunity to own a share of One80 global-proof physical work projects, such as sustainable agriculture, ClimaTech, and environmental, energy, waste, and infrastructure projects. Projects will be managed by the One80 team of engineers, project managers, and a partnership network. They will provide stable returns in both native tokens and other currencies based on positive project outcomes and revenues generated.
One80 vaults will provide enclosed, secure places where users store digital assets. One80 vaults will come with an added layer of security, such as a transaction approval procedure, or they could ask for multiple co-signers. One80 native token will enable lower vault transfer and service costs.
One80 lending will enable users to borrow and lend digital assets without intermediaries. Utilising One80 smart contracts, borrowers can secure loans by collateralising their crypto holdings, while lenders earn interest on their deposited funds. Our system will offer greater accessibility and inclusivity in the financial landscape by enabling anyone with an internet connection to participate, reducing the need for traditional banks. One80 tokens can be used to pay for transaction fees and access premium services within the ecosystem, fostering engagement and value creation for participants.
