Powers computation, staking, voting, governance & ownership.
The KZRN token plays a number of roles on the KZRN Network. Firstly, as a governance token, it can be staked to exercise those governance rights. As a utility token, it can be burned to obtain ‘cycles‘ which serves as gas for computation and storage in canister smart contracts. It can also be minted to reward ‘node machine‘ providers for providing that compute and storage.
In addition to these core uses, KZRN tokens can be used to participate in decentralisation swaps to become a co-owner of an DAO, and when using many smart contract services built on the KZRN Network such as registries, marketplaces and exchanges.
Powers computation, staking, voting, governance & ownership. The KZRN token plays a number of roles on the KZRN Network. Firstly, as a governance token, it can be staked to exercise those governance rights. As a utility token, it can be burned to obtain ‘cycles‘ which serves as gas for computation and storage in canister smart contracts. It can also be minted to reward ‘node machine‘ providers for providing that compute and storage. In addition to these core uses, KZRN tokens can be used to participate in decentralisation swaps to become a co-owner of an DAO, and when using many smart contract services built on the KZRN Network such as registries, marketplaces and exchanges.