What is the utility of the TEN token?
Ten (Obscuro) has 4 primary token utilities:
- Governance: TEN is used as a governance token letting holders vote on network upgrades and ecosystem decisions.
- Gas Fee: TEN is used to pay gas fees for transactions on the TEN Layer 2 network.
- Staking (DPoS): TEN must be staked by aggregator nodes to participate in publishing rollups and securing the network.
- Access / Feature Unlock: TEN stake required to become an Aggregator/node operator on the network