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Playing a crucial role in our ecosystem, TURBOS tokens serve multiple functions that promote a healthy and thriving ecosystem. The TURBOS token has been designed with several key use cases in mind to enhance the functionality of our DEX:
- Governance: TURBOS tokens facilitate on-chain governance, empowering token holders to propose and vote on modifications to the DEX's rules and policies, ensuring the platform remains adaptable and community-driven.
- Voting: TURBOS tokens enable holders to participate in votes on specific proposals or decisions pertaining to the DEX, such as the introduction of new trading pairs or referral of projects to CEX partners, fostering a collaborative decision-making process.
- Staking: TURBOS tokens can be staked to supply liquidity to the platform, allowing users to earn a portion of trading fees as a reward. This mechanism incentivizes users to contribute to the liquidity pool, fostering a liquid and efficient trading environment.
- Trading fee rebates: TURBOS tokens can be employed to provide discounts or rebates on trading fees for users holding a predetermined amount of tokens, stimulating token usage, demand, and potential value appreciation.
The TURBOS token serves a multitude of purposes within the DEX ecosystem, including governance, voting, staking, and trading fee rebates. These incentives help attract liquidity, bolstering a robust and thriving environment for decentralized trading on Turbos Finance.