Evrylife - Web 3 Explorer Docs
  • 📄Evrylife Docs Introduction
  • Evrylife Application
    • 🌎What is Evrylife?
    • 💡Why do we need Evrylife?
    • ✨Evrylife Account and Features
    • 🔭Evrylife Explorer (Directory)
    • 👉Evrylife Use Cases
    • 🩺Evrylife Decentralized Social Media Content Moderation (POGO)
    • 🗃️Evrylife Decentralized Storage Solutions
    • 💰Ad Free and User Earnings
    • 🛠️Evrylife Architecture
    • 💙Evrylife Causes
    • ✅Evrylife Community Guidelines
  • Evrylife Utility Token
    • 🪙Utility of the Evrylife Token
    • ♻️Evrylife Tokenomics
    • ⚖️Evrylife App Governance
  • Docs and Resources
    • 🏳️Evrylife Foundation
    • 🔗Official Links
    • 📃Evrylife Whitepaper
    • 😤Problems with Centralized Social Media
    • 🍻Benefits of Decentralized Social Media
    • 👀New Decentralized Social Media | What Sets Evrylife Apart?
    • 🤖Artificial Intelligence in a Web 3 Social Application | Evrylife AI Integrations
    • ❔FAQ
    • 🧩Comparing Decentralized Social Media Applications
    • 📬Subscribe to project updates!
  • More docs
    • 🙌Project Backers and Supporters
    • 🐣Become a Backer/Sponsor
    • ⚠️Terms, Privacy & Disclaimer
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  1. Evrylife Utility Token

Utility of the Evrylife Token

Utility of the Evrylife token

PreviousEvrylife Community GuidelinesNextEvrylife Tokenomics

Last updated 2 years ago

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Evrylife Utility Token

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

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