Advanced $MUON Token Utility
Understanding the long-term economic utility of the Muon token
Forming the Muon network backbone, the $MUON token is the medium of transfer of value. It’s been designed to maximize its intrinsic value and long term utility.
$MUON holders will be incentivized to support the network in three key ways:
- Providing liquidity for trading
- Running nodes to ensure network security
- Contributing to decentralized governance procedures
All of these will ensure the long-term health and success of the Muon ecosystem as we scale and grow our node network, tech infrastructure and partners.
Staking for Node Operation
Muon is powered and secured by a network of nodes which sign and verify data passing through the Muon network. These nodes will require a minimum stake of $MUON to act as collateral, protecting the network against any potential fraudulent activity.
Public nodes commence as part of v4 in the project roadmap, and node operators will also be eligible for network rewards in $MUON as incentive for their services in keeping the network secure and decentralized.
Payment for using the Network
The $MUON token serves the same purpose of any gas token on a blockchain. Just as with $ETH on Ethereum, users will pay fees — albeit much lower ones- for using the Muon network in the form of $MUON tokens. These fees are then used to pay node operators in order to incentivize their continued verification of the data on the network.
Providing Liquidity
$MUON will be launched across multiple chains and marketplaces (both CEX and DEX). Getting listed on DEXes will provide opportunities for users to supply liquidity with their $MUON, and be rewarded for doing so. The $MUON tokenomics have 17% of supply dedicated to incentivizing liquidity, as well as token staking initiatives.
Governance
Part of the future will be the Muon DAO. This governance structure would see a decentralized initiative towards decision making around the direction of Muon elements. $MUON holders will be able to contribute to the DAO, incentivizing those who wish to have greater say in the project to acquire more of the token.
Important to note is that the DAO is still in the early stages of construction as Muon is still expanding, so further details are still to come.
Muon Network
Muon is a decentralized optimistic oracle network that carries out data requests from any source. It acts as a unique inter-blockchain data-availability network that makes messaging and secure data interfacing possible between different chains that are otherwise incompatible.
Learn about Muon here.
Join our Muon Community on Twitter, Telegram, Medium, and Discord.
