☑️Utility of $PIN
The $PIN token is designed to be more than just a means of exchange; it is an integral part of the PRINTED-IN ecosystem, enabling users to access premium features and participate in governance. Key uses of $PIN include:
Transaction and Licensing Fees:
Users can use $PIN tokens to purchase licenses for 3D models, pay for printing services, and access exclusive features like AI-assisted design tools. Holding $PIN can also unlock zero-fee transactions on the platform, reducing the cost for creators and users who are active participants. This incentivizes users to hold $PIN, contributing to reduced token velocity and supporting the token’s value.
IP Licensing and NFT Transactions:
$PIN is the preferred currency for transactions involving the minting and licensing of NFTs. When creators tokenize their 3D models and offer them on the marketplace, buyers use $PIN to purchase, license, or bid on these digital assets. This ensures that all transactions remain within the ecosystem, driving demand for $PIN as more users engage in trading and licensing activities.
Staking and Rewards:
Users can stake their $PIN tokens to earn rewards and support the stability of the platform’s liquidity pools. By staking, users help maintain a healthy liquidity level in decentralized exchanges and earn additional $PIN as a reward. This staking mechanism encourages long-term holding of tokens, which helps stabilize the token price and provides passive income opportunities for users.
Governance and Voting Rights:
$PIN holders have a voice in the future direction of the PRINTED-IN platform through governance voting. Key decisions, such as platform upgrades, new feature implementation, and adjustments to fee structures, can be proposed and voted on by the community. This democratic approach ensures that the platform evolves according to the needs and desires of its users, making $PIN holders active stakeholders in the ecosystem’s growth.
Creator Rewards and Community Incentives:
Holding $PIN allows users to participate in various community incentive programs, including competitions, hackathons, and creator grants. Creators who hold $PIN can also access enhanced promotional tools for their NFTs, boosting the visibility of their models on the marketplace. This encourages creators to reinvest in the platform, using $PIN not just as a currency but as a tool for growth within the ecosystem.
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