OWCT

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Last updated 10 months ago

OWCT

The OWCT token is the native currency of the blockchain and platform, just like ETH on Ethereum.

OWCT utility:

Transaction fees Being the native currency on the OWCT blockchain, OWCT is required to pay fees to the network in order to approve transactions.
Validation Token holders can stake OWCT to become a validator. The minimal staking requirement is 5k. ()
Voting Validators vote on protocol changes with their staked OWCT. Which means validators with higher amounts of OWCT staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)
Staking (for delegators) Any OWCT holder can choose one or more validators to delegate any amount of OWCT they wish. They receive a share of the OWCT block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
Payments As OWCT is the native currency on OWCT, sending it does not require interactions with smart contracts. Thus, OWCT transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of OWCT tokens does not endow holders with any rights to participate in the governance of the OWCT platform or any revenue streams related to its real-world performance.

Obtaining OWCT

Where to Buy

OWCT is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Where to Farm

At the moment, the OWCT token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes

The ongoing liquidity rewards programs on DEXes can be discovered .

Other ways of obtaining OWCT

From time to time, the OWCT team uses OWCT to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow OWCT's social channels.