🪙
Utility of the Evrylife Token
Utility of the Evrylife 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