The $SUPRA token is an upcoming digital asset with a wide range of utilities. It's being developed by the team at Supra to be a multi-functional token, much like a Swiss Army knife in the world of digital assets.
1. Staking Token: The $SUPRA token will serve as a staking token. Users will be able to lock up their $SUPRA tokens to secure the network and earn rewards.
2. Work Token: The $SUPRA token will also function as a work token. This means that users can provide services within the network and earn a larger portion of the network rewards.
3. Gas Token: The $SUPRA token will be used as a gas token to ensure smooth transactions across blockchains. It will also help to prevent spam transactions on the Supra network.
4. Subscription Token: The $SUPRA token will offer subscription benefits. The more $SUPRA tokens a user holds, the better discounts they can get on Supra's services, such as oracles and VRF.
5. Data Access Coin: The $SUPRA token will serve as a data access coin, providing access to valuable data from both on-chain and off-chain sources. This will streamline data access management and allow $SUPRA token holders to share data rights with other holders.
6. Governance Token: Lastly, the $SUPRA token will play a central role in Supra’s long-term decentralized governance. They are creating a new way to build a more merit-based governance realm with soulbound NFTs, so power is earned through actions rather than just owning more $SUPRA tokens.
The team at Supra is designing the $SUPRA token to look out for the best interests of its users, service providers, community, and the entire network. With all these utilities, the $SUPRA token aims to facilitate effortless collaboration within the Supra ecosystem.
In the next post I'll share how you can participate in Supra project and share 490 Supra tokens.
