Utility
Transaction Utilities | Transaction Fees | Flexible Payment Options: Users can pay transaction fees in either the native tokens of supported chains or LAY tokens. |
Discounts for LAY Payments: Users who opt to pay transaction fees in LAY receive a discounted fee, incentivizing the use of LAY tokens. | ||
Reward and Incentive Utilities | Staking Rewards | Staking: LAY token holders can stake their tokens to earn staking rewards, encouraging long-term holding. |
Network Security Incentives | Contribution Rewards: LAY holders receive rewards for contributing to network security and stability, such as running nodes or validating transactions. | |
Financial Utilities | Collateral for Loans / Further expansion of token utilization (future) | DeFi Integration: Use LAY tokens as collateral to obtain loans or credit within decentralized finance (DeFi) applications integrated with the Laysion Network. |
Insurance feature: SAFU fund for the entire project | ||
Exclusive Access Utilities | Access to Exclusive Features | Special Privileges: LAY holders gain access to exclusive features, such as airdrops of other tokens and special staking opportunities to earn additional tokens. |
Utility in Broader Ecosystem | Cross-Chain Asset Swap Fees | Asset Swap Fees: Users can use LAY to pay for swap fees on DEXs integrated with Laysion Network. |
cross chain/ inter-project staking |
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