Utility and Governance Token

FrogPay’s core-protocol token serving as a multifaceted tool for both utility within the ecosystem and governance by the community.

As token holders, users are granted significant capabilities that include:

Voting on Smart Contract Upgrades: Token holders have a say in the evolution of the platform, using their tokens to vote on upgrades to the smart contracts that form the infrastructure of FrogPay.
Modifying Protocol Global Params: The community can propose and vote on changes to the Global Params, which dictate the fundamental rules and fee structures of the protocol.
Approving KYC Providers: To maintain the integrity and trustworthiness of the platform, token holders vote on the admission of new KYC providers, ensuring they meet the community's standards for security and compliance.
Adjusting Ecosystem Rewards: The distribution of rewards tokens for ecosystem development can be approved or modified by token holders, allowing them to directly influence the incentives that drive growth and participation within FrogPay.
Enabling New Capital Tokens for P2P Payments: While USDC is the current default for P2P transactions, the community can vote to add new capital tokens, expanding the currency options available for users to transact with.

Last updated 1 year ago

FrogPay’s core-protocol token serving as a multifaceted tool for both utility within the ecosystem and governance by the community.

As token holders, users are granted significant capabilities that include:

Voting on Smart Contract Upgrades: Token holders have a say in the evolution of the platform, using their tokens to vote on upgrades to the smart contracts that form the infrastructure of FrogPay.
Modifying Protocol Global Params: The community can propose and vote on changes to the Global Params, which dictate the fundamental rules and fee structures of the protocol.
Approving KYC Providers: To maintain the integrity and trustworthiness of the platform, token holders vote on the admission of new KYC providers, ensuring they meet the community's standards for security and compliance.
Adjusting Ecosystem Rewards: The distribution of rewards tokens for ecosystem development can be approved or modified by token holders, allowing them to directly influence the incentives that drive growth and participation within FrogPay.
Enabling New Capital Tokens for P2P Payments: While USDC is the current default for P2P transactions, the community can vote to add new capital tokens, expanding the currency options available for users to transact with.

Last updated 1 year ago