🪙Utility of the Evrylife Token
Utility of the Evrylife token
Last updated
Utility of the Evrylife token
Last updated
The Evrylife token is a utility token that allows for the Evrylife app to function in a decentralized manner on web 3 technologies. The Evrylife token will exist initially on Arbitrum or Polygon. Ethereum layer 2 blockchains allow for secure, fast and cheap transactions. EVM layer 2's are becoming carbon neutral in 2022 which is important for a next generation social platform to flourish.
Evrylife token utilization includes but is not limited to the following
Evrylife account creation
Web 3 storage (decentralized storage integrations)
App mod/dev tasks
Voting for causes
Smart contract governance and improvement proposals
Profile and channel subscriptions (user to user)
Staking and rewards
Special directory filter for shop items when content creator enables a discount to users paying in Evrylife native token
