The SwapAcross governance token has numerous characteristics designed to make it as useful as possible to hold and stake. If approved by the DAO, the characteristics of the SwapAcross governance token will consist of the following:
Last updated
| Characteristic | Type | Description |
|---|---|---|
Voting
Governance
Holders are able to cast votes in the DAO
Deflationary
Utility
A percentage of the protocol fees will be used to continually purchase and burn $SWAPX
Discounted Trading Fees
Utility
Earn a discount on fees by holding and staking $SWAPX
Staking Rewards
Utility
$SWAPX holders who participate in staking will receive a portion of the fees generated by the protocol
