What is the utility of the OPAD token?
OpenPad has 5 primary token utilities:
- Governance: Token holders vote on protocol decisions. Node operators influence network direction. Diamond tier accesses private councils. Longer stakes increase voting power
- Medium of Exchange: Required for all on-chain interactions. Protocol fees paid exclusively in OPAD
- Staking: Four pools with 1x to 2.25x multipliers. Up to 45% APY. 19,450 nodes distribute xOPAD rewards every 6 hours
- Medium of Payment: Pays for platform access, launchpad participation, AI subscriptions, and services. Diamond tier gets fee discounts
- Access / Feature Unlock: Tier system gates IDO access: Silver ($1K), Gold ($3K), Platinum ($5K), Diamond ($10K). Higher tiers unlock airdrops, NFTs, revenue share