Token Utility

As Encryptify is still in early development, its token utility will evolve while the ecosystem grows. You can expect this page to get updated with more details about utility mechanics as we reach Testnet status.

Main utilities

Governance

One of the main utilities of the Encryptify Token will be governance. As Encryptify is on the path to a fully DAO-governed protocol, the Encryptify Token will allow holders to vote on governance proposals and shape the future of the protocol and organization. Read more about the Encryptify DAO

Distribution of platform revenue

Token holders will be able to get a share of the generated platform revenue, allowing them to earn yield. The exact mechanics will be made public as we reach Testnet status and have developed a fitting fee model, according to demand.