KYOTO is the primary token on the Kyoto network. KYOTO is used for securing the network through staking, for governance and for payments delivering value to users.
The Kyoto carbon ecosystem has been designed to promote the use case and future utility of the KYOTO Token. The main purpose of the Kyoto token is to create a token-for-services model so that the future utility grows concurrently to our carbon economy. $Kyoto will provide the following benefits:
- 1.Reduction in carbon trading fees
- 2.Competitive discounts on carbon assets for purchasing in Kyoto token
- 3.Carbon yield farming opportunities
The KYOTO token is ideal for sending and receiving payments thanks to the KYOTO network’s high-throughput, fast finality, and low fees.
KYOTO is used for network fees, such as transaction fees and fees to deploy smart contracts or to create new networks. Without a minimum barrier, the network would be an easy target for spam, ultimately hampering the performance and filling the ledger with useless information. On KYOTO, fees are very cheap but sufficient to make it extremely expensive for a malicious actor to carry out an attack.
The KYOTO token is designed to act as a governance token, empowering the users to vote on active governance proposals, giving them control over decisions on the KYOTO network. By participating in active proposals, they can shape the future of the network.