Introducing

Token Symbol: OWNER

Max Supply: 110,091,977,000,000 OWNER

Token Decimal: 18

Developed Contract: 0xbfbe5fda3483f6bcd1b3e6fb0647c00667e05d54

What is OWNER?

Openworld_NFT aims to build a permissionless, open, and collaborative credential data network. The OWNER token is an essential component of such infrastructures as it functions as the governance token, incentivizes user participation, and serves as the primary payment token of the OpenWorldNFT ecosystem. Here are the utilities of OWNER:

Features

Governance: OWNER is used for voting & governance in Platform DAO. OWNER token holders can control the amount of the platform fee collected by the protocol, and control funds held by the OpenWorldNFT Community Treasury.

Paying for Application Module Fee: Developers who aim to utilize OpenWorldNFT’s credential data through Application Modules will be subject to a Platform Fee which is charged in OWNER. The Platform Fee is set up such that every interaction with the OpenWorldNFT Protocol will incur a fee in OWNER. Most of the fee will go to the curators, and OpenWorldNFT Community Treasury will collect the rest. Currently, all Application Modules fees are waived during beta testing.

Paying for OpenWorldNFT Oracle Engine and OpenWorldNFT Credential API: Developers pay OWNER to query our credential data through OpenWorldNFT Oracle Engine and OpenWorldNFT Credential API. Currently, all query fees are waived during beta testing.

You can use OWNER Token to pay for any fees on our platform. And every quarter, we will use 5% of Total Lock to burn them or put to mining pools