Coral Token Use Cases
Coral tokens are central to the CoralApp ecosystem, offering a range of utilities for both service consumers and providers. Below is a detailed breakdown of the various use cases for Coral tokens within the network.
Game Publishers and Providers
Entities such as game network providers or other decentralized service users can use Coral tokens to access services within the CoralApp ecosystem, contributing to the liquidity and utility of the network. These tokens enable interactions between various decentralized services, and users play a crucial role in sustaining the network’s operations.
CoralPhone Holders /Providers
Service providers, primarily CoralPhone holders, can engage in various network operations, including offering decentralized services. They must stake Coral tokens to participate in activities such as ZKP calculations or running game nodes, which ensures their commitment to maintaining high service uptime and reliability.
Participant Overview:
Staking for Service Activation: Providers must stake Coral tokens to offer specific services within the network.
Rewards: Service providers earn Coral tokens as compensation for their contributions, with additional rewards for maintaining high service reliability.
ZKP (Zero-Knowledge Proof) Calculations
Coral tokens play a critical role in ZKP-related services, providing the economic model to incentivize participation in these computations.
ZKP Generation: This is a computationally intensive task essential to the network’s integrity. Participants must stake a higher amount of Coral tokens, ensuring that only trusted nodes are involved in generating ZKPs. The rewards for this task are higher due to its complexity.
ZKP Verification: Verification is less intensive than generation, requiring a lower Coral token stake, which makes it more accessible. Participants are rewarded for these tasks, though the rewards are lower than for generation.
Game Node Operations
Running game nodes is another key use case for Coral tokens. Operators must stake tokens to ensure they are committed to maintaining the network's stability and efficiency.
Node Staking: By staking Coral tokens, node operators are incentivized to provide reliable and efficient services. This model regulates access to profitable game node operations, ensuring high-quality services in the ecosystem.
Airdrop to CoralPhone Holders
Upon setting up a CoralPhone, holders will receive an airdrop of Coral tokens. This ensures that users have the necessary resources to stake and activate CoralApp services immediately, promoting early and continuous engagement.
Sustainability
CoralApp implements buyback and burn policies to manage inflation and prevent token saturation. These measures ensure a sustainable token economy by controlling the supply and preserving token valuation.
Community Governance
Coral token holders can actively participate in the governance of the CoralApp ecosystem. Decisions related to transaction fees, staking requirements, and reward distribution are made by
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