What is the purpose of EL token staking program in the ELYSIA protocol. Token Economy.
08 Aug 2023, 06:40
🔍What is the purpose of EL token staking program in the ELYSIA protocol❓
📢 Token Economy
🌐 ELYSIA Protocol operates an EL token staking program. There are two main purposes:
1.Giving Governance Voting Rights 🗳
🔒 EL (staked EL) tokens are given in proportion to the amount of EL staked. This means voting rights in online governance. Various policies can be proposed and voted for. Please refer to the Governance Section for details. 📜🤝
2.Governance Participation Rewards 💰
💸 EL holders can receive screening labor fees as a reward for participating in online governance. sEL holders can vote for or against the creation of RWA tokens after reviewing data such as various rights-related documents. sEL holders who participate in the review of specific RWA token generation are paid the screening labor cost paid by the real asset owner to the online DAO through the offline DAO according to the sEL stake. 💼💪
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🔗 EL:
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#TokenEconomy #ELYSIAProtocol #Governance #VotingRights #Rewards