💎5. Token Economy
Last updated
Last updated
The development of the token ecosystem, which drives the preservation and delivery of the token’s value while taking the lead of stakeholders’ behaviors, plays a key role in building and developing the blockchain ecosystem. There are two types of tokens on Cling Platform and ecosystem: native token ($CVTX) that estimates the entire value of ecosystem and game-utility tokens required to access various contents.
Users can always own NFTs or tokens based on digital proofs. By using Cling, all NFTs can be tokenized for use-cases in other contents or for trading with other virtual assets.
The $CVTX ecosystem will simplify the process of tokenizing and exchanging NFTs. Cling uses the blockchain market and distributed networks to provide the most transparent and secure transactions, and when NFTs are created, they continue to have a unique identity-based value that distinguishes them from other goods based on the security provided by the blockchain.
Token holders can use their tokens in games within the ecosystem, exchange them for other tokens or coins through Wallet and DEX, and trade NFTs through the marketplace. Because of this, Cling plays a vital role as a platform that can increase the value of game items and contents.
By holding $CVTX tokens, users have voting rights regarding governance and operations, and users are able to influence the operational policies about item trading and games.