Utility & Use Cases

The $VEIL token is an integral part of the DarkVeil ecosystem, designed to provide tangible value and utility to its holders. The primary functions of the token are centered around rewarding community participation and enhancing the user experience on the platform.


Core Utilities

1. Trading Fee Reductions

Holding $VEIL tokens in your connected wallet will grant you discounts on the trading fees incurred on the DarkVeil platform.

The fee reduction is tiered, meaning the more $VEIL you hold, the greater the discount you will receive. This system is designed to reward our most loyal users and active traders, making the platform more cost-effective for them.

  • Specific tier details and discount percentages will be announced closer to the platform's launch.

2. Staking for Protocol Revenue

A significant portion of the protocol's revenue, generated from both trading fees and the token's transaction tax, will be distributed to users who stake their $VEIL tokens.

  • How it Works: By staking your $VEIL in our official staking contract, you are helping to secure the ecosystem. In return, you will earn a proportional share of the protocol's revenue, paid out in assets like ETH or stablecoins.

  • The Goal: This creates a direct incentive for long-term holding and allows our community to share in the success and growth of the platform.

The utility of $VEIL is designed to create a positive feedback loop: as platform usage grows, more revenue is generated, which increases the rewards for stakers, thus enhancing the value proposition of holding the token.

Next, understand the token's on-chain dynamics in the Tax Mechanism.

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