🧰Token Utility
Here is everything you need to know about the utility value of KZEN.
Last updated
Here is everything you need to know about the utility value of KZEN.
Last updated
The core utility value of KZEN token comes from them being the only accepted currency for covering the platform’s service fees. KZEN utility is driving continued buying pressure.
Services fees. Projects seeking to hold an IDO or an offering with the Kaizen platform, as well as to use other platform’s tools, will need to pay service fees in KZEN tokens.
Staking fees. Those projects that want to use the Kaizen platform’s staking services (offer the staking of their token to their community) will be required to stake a corresponding amount of KZEN.
Governance. The holders of KZEN tokens will participate in the voting on whether or not certain projects can or cannot launch with the Kaiяen platform. Holders will also be involved with the platform’s development and the governance of where the platform is headed.
Locked eKZEN and xKZEN tokens had been distributed to buyers each with a corresponding vesting schedule enabling the terms of full unlock after the TGE.
While the unlock is usually a much awaited time for any early investor, Kaizen has introduced the unique utility of its locked eKZEN and xKZEN which may mean locked token holders may even choose not to unlock their tokens.
Staking. Locked eKZEN and xKZEN tokens can be staked for rewards in the same token.
Priority pass. Locked eKZEN and xKZEN tokens can be staked to obtain Kaizen Priority Pass that provides access to additional allocations in IDOs and other offerings coming to the Kaizen platform.
Reduced fees. The holding/staking of locked eKZEN and xKZEN tokens will introduce discounts on commissions associated with the use of platform’s tools and services.
Tier benefits and rewards. Holding/staking of locked eKZEN and xKZEN tokens offers exclusive tier-based rewards, benefits, and opportunities. More in-depth information about the tier system will be available soon.
You can learn more about staking in the next chapter, or skip straight to the user guides.
