Token Functions
1 OR can be staked for a certain period to participate in the Proof-of-Stake (POS) mechanism.
2 OR can be used to pay Gas fees for on-chain execution, storage of transactions, or other operations (similar to other native blockchain tokens). Additionally, Gas fees are utilized to reward participants in the Proof-of-Stake mechanism and prevent SPAM attacks and denial-of-service attacks.
3 OR can serve as a liquid asset for various smart contracts and monetary policy applications.
4 OR can be used for on-chain voting governance in critical transactions such as protocol upgrades.
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