Content-side utility & Chain-side utility (at launch of CUBE Chain)
$ITAMCUBE will be used as the Native Coin on CUBE Chain. In other words, $ITAMCUBE will be used to pay the transaction fees when creating and executing smart contracts, and/or transferring virtual assets. $ITAMCUBE is what network users use to pay for nodes that process the requested operation.
$ITAMCUBE is used within the CUBE network for the following purposes:
- Native currency of the CUBE Ecosystem
- To pay transaction fees on CUBE Chain
- Staking for the growth of the CUBE Network
- Payment Method on the NFT Marketplace
All $ITAMCUBE collected as transaction fees on the CUBE Network and Wallet will first be 100% burned, and then half of the burned percentage will be issued on the Ecosystem Reserve, which will then be credited to the Ecosystem Growth Fund, otherwise known as the Governance Reward Pool. The $ITAMCUBE accumulated in the reward pool will be provided as rewards to participants who contributed to the initial network growth.