Utility

Governance

$OXRC represents the governance right for Omni XRC platform, deciding the fair launchpad projects, tokens included in BRC-FERC ETF and the future of Omni XRC

Fair Launchpad Participation

$OXRC can be for fair launchpad project mining. Users stake their $OXRC to show their support to the projects applying for the launchpad, which allows their receive the project's token and $OXRC as incentives.

Decentralized BRC-FERC ETF Ratio Mechanism

The ratio of project’s token in BRC-FERC ETF is initially set by governance. Then the ratio will change with the market of those tokens. $OXRC LP can be deposited to adjust the ratio. Users will be encouraged to introduce the ratio to be more decentralized via the $OXRC incentive.

Proof of Stake for MultiEco Convert Node

$OXRC is necessary to run a MultiEco Convert Node. Users are allowed to delegate their $OXRC to those existing nodes, supporting the nodes' security and sharing the rewards.

veToken

$OXRC can be locked to receive veOXRC for OmniXRC Governance, which decides the fees of protocol and emission for the fair Launchpad, BRC-FREC ETF, and omnipool in MultiEco Convert.