🪙Token Utilities
Last updated
Last updated
Cassava Protocol network operates on a contribution system, where any user can authorize data contribution (through authorized Dapps) and receive CSV token incentives from the network based on algorithms.
The network provides incentives in the form of CSV tokens through smart contracts to various types of nodes that contribute to the network.
Data demanders, including enterprises and individual users, need to pay CSV tokens to obtain the desired data from the network. These payments form part of the network's revenue.
In addition to data, the network is a privacy computing and AI computing center. Through affordable computing power supply, we can not only reduce the costs of AI operations but also allow idle resources to generate income through contributions.
Cassava Network is governed through a DAO (Decentralized Autonomous Organization) mechanism. Users holding CSV tokens can participate in governance by voting on significant roles, node elections, and other network matters.
Cassava Network establishes a series of staking pools, offering different Annual Percentage Rates (APR) of income. These pools include governance pools, node staking pools, revenue pools, etc. Users can earn income and support the operation of the network through staking.
The network also periodically introduces burning programs to repurchase and burn CSV tokens with network revenue, accelerating the economic deflation of the network and the rotation of the value wheel.