$ABW Token

The $ABW token is the native utility token of the AbstraWallet ecosystem. It plays a pivotal role in the functionality and governance of the platform, offering a range of benefits and use cases designed to enhance user experience and incentivize participation.

Key Use Cases

1. Fee Discounts:

   • Transaction Fee Reduction: Users can use $ABW tokens to pay for transaction fees on the platform and enjoy a 50% discount. This makes trading and other activities more cost-effective for users, encouraging frequent use of the platform.

2. Governance:

   • DAO Participation: $ABW token holders have the power to participate in the decentralized autonomous organization (DAO) that governs AbstraWallet. Token holders can propose and vote on key decisions, such as feature upgrades, policy changes, and other critical aspects of the platform's development.

   • Snapshot Voting: Voting power in the DAO is determined by the percentage of $ABW tokens held by each participant, ensuring that decisions reflect the interests of the community.

3. Staking and Yield Sharing:

   • Earning Rewards: By staking $ABW tokens, users can earn additional tokens as rewards. This not only incentivizes holding but also contributes to the security and stability of the network.

   • Revenue Sharing: Stakers receive a share of the platform’s revenue, including swap fees, privacy trade fees, and other income sources. This creates a passive income stream for token holders and aligns their interests with the long-term success of the platform.