The native currency of Solayer: LAYER
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Article Four: The native currency of Solayer: LAYER
The role of LAYER in the @Solayer ecosystem
After learning how to use the Solayer platform, it is time to get to know the native currency of the project: LAYER, which is the cornerstone that supports the ecosystem and ensures its continuity and effectiveness.
Uses of the $LAYER token:
1. Governance:
LAYER enables participants to make important decisions about protocol updates and ecosystem improvements. In other words, it is your means to influence the future of the project and participate in shaping its policies.
2. Rewards:
Participants who re-stake their tokens or contribute to supporting decentralized applications receive rewards in the form of LAYER. These rewards encourage users to actively participate and continuously support the network.
3. Treasury Management:
LAYER is also used in managing the financial resources of the project, such as funding future development and improving the platform's infrastructure, ensuring the project's growth and sustainability.
In the next article, we will discuss the challenges that Solayer may face and how the project can overcome them to ensure future growth and expansion.
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