NCOG DEFI TOKEN (NCOG)
As mentioned earlier, the platform has a native token with which transactions and governance of the platform will be carried out. The success of major DeFi protocols depends on how valuable the features they offer are and how much users are attracted to the liquidity of their protocols. The native tokens of DeFi protocols have shown tremendous potential for upside price appreciation, and our token is modeled to appreciate in value in both long and short terms.
Summarily, it is a ERC-20 token designed as a key to access the services and products offered on the platform, and it is deflationary by nature. Here is a summary of some of the utilities of the token:
To pay the fees charged on transactions on the NCOG smart contract
To pay the fees charged on decentralized exchange transactions
To pay the fees charged on token transfers
To pay the fees for DeFi activities. -To pay for lending loan interests
To pay collateral while borrowing other crypto assets on NCOG
$NCOG is required to run a staking node for NCOG DeFi
To cast votes and participate in the governance of the platform
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