Later, I've received more than hundred #POND as reward.
What exactly #POND token is? Here's what I knew.
๐ What is #POND ?
#POND is the native token of the Marlin protocol, a layerโ0 network designed to enhance performance and efficiency across the Web3 and DeFi ecosystem, focusing on fast network relays and blockchain-agnostic infrastructure.
๐ ๏ธ Utility and Ecosystem
Staking & Validator (Metanode): POND can be staked by converting it into MPOND (1โฏMPOND = 1 million POND) in order to operate a Metanode and receive rewards.
Governance: All token holders are allowed to vote, while only MPOND holders can propose changesโindicating a decentralized governance structure.
Insurance Fund & SLA: The token is also used to compensate for network failures to meet Service Level Agreements (SLAs) through a community-driven insurance system.
โ Conclusion
The POND token offers a combination of technical utility (staking, validators), governance participation, and network protection mechanisms such as SLA insurance.