🪙GaiaNet Token

You're successfully running a GaiaNet node on your machine, now it's time to join the protocol network to receive rewards for sharing your computing power with the world!

GaiaNet Token

The GaiaNet token is a utility token designed to facilitate transactions, support governance, and foster trust in the network. It serves three primary purposes:

• As a DAO governance token, holders can participate in setting the rules of the network.

• As a staking token, holders vouch for domain operators’ trustworthiness. Stakers get a cut from the domain operator’s service revenue. But they could also be slashed if the domain operator misbehave, such as spreading misinformation or providing unreliable services.

• As a payment token, the GaiaNet token could be deposited into the domain’s escrow contract and be used to pay for services over time.

The payment utility of the GaiaNet token is designed to balance the network supply and demand. The value of the GaiaNet token asset is determined at the time when it enters or leaves the escrow smart contract based on real-time exchange rates.

Service consumers could lock in savings from the potential appreciation of the token. For example, if a user deposits $100 worth of GaiaNet tokens into the contract, and when the domain and nodes get paid, the token value has gone up to $110, he would have received $110 worth of agent services.

Conversely, if the token price drops, the service providers (domains and nodes) now have an opportunity to “mine” the tokens on the cheap. If the $100 initial tokens is only worth $90 now, service providers will get more tokens for each unit of electricity and compute they provide. That incentivizes more nodes to join the network and speculate on a later rise in token value.