Utility of MDC
- Payments
- Governance
- Staking
- Medium of exchange in a platform
- Access to services or features
Burn Mechanism of MDC
- Some tokens are “burned” (destroyed) to reduce supply.
- Increases scarcity, potentially boosting value.
🔧 Other Utilities of a MDC Coin
1. Medium of Exchange
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Used to buy/sell goods or services within a platform or broader ecosystem.
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Example: Paying for transaction fees, subscriptions, or services.
2. Governance
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Holders can vote on key decisions (e.g. protocol upgrades, fund allocation, policy changes).
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Promotes decentralized community control.
3. Staking & Rewards
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Users can stake the coin to support network operations (e.g., validating transactions) and earn rewards.
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Helps secure the blockchain and incentivize long-term holding.
4. Access to Services
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Required to access premium features, tools, or decentralized applications (DApps) within a platform.
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Example: Access to trading tools, gaming content, or educational resources.
5. Fee Reductions
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Using the native coin may offer discounted fees on exchanges or platforms.
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Encourages adoption and usage.
6. Store of Value
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Used as a digital asset for investment or savings, especially if the coin has deflationary mechanics or strong demand.
7. NFT or Metaverse Integration
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Used to buy, trade, or upgrade NFTs or virtual items in a metaverse or gaming environment.
8. Cross-border Transactions
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Enables fast, low-cost, borderless transfers of value without intermediaries.
