Utility
Last updated
Last updated
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