Cere tokens play a pivotal role in the Cere ecosystem, offering a multitude of functionalities that ensure the smooth operation of the blockchain and its associated services. Learn more.
Cere tokens are not just a cryptocurrency but a multifunctional tool that drives the Cere ecosystem, ensuring its security, reliability, and efficiency. Whether you're a user, developer, validator, or service provider, the utility of Cere tokens is undeniable.
Here's a breakdown of the utility of Cere tokens:
Cere tokens are instrumental in the nominated-proof-of-stake (NPoS) consensus mechanism. Validators are compensated for their services through transaction fees. When users initiate transactions on the blockchain, they pay a fee in Cere tokens. This fee serves as an incentive for validators to process and validate transactions efficiently. The more transactions a validator processes, the more fees they collect, making it a lucrative endeavor for them. This mechanism ensures that the blockchain remains secure and resistant to malicious actors, providing a trustworthy environment for all participants. Learn more.
Token holders with significant stakes can use their holdings to nominate and vouch for reputable validators and service providers. A larger nomination pool can indicate greater trust. Learn more.
$CERE tokens are central to governance in Cere’s Substrate-based NPoS systems. Token holders can vote on network proposals, elect a governing council, nominate validators through staking, and propose projects for community funding. $CERE tokens give holders a voice in shaping the network's future. Learn more.
DDC leverages $CERE tokens to coordinate all Decentralized Data Cloud (DDC) services. $CERE tokens serve as a means to manage payments, distribute rewards, and impose penalties, ensuring that all parties adhere to the terms agreed-upon when joining the DDC Cluster. $CERE tokens are used by $CERE Token holder’s to propose the formation of a new DDC Cluster using Cere Governance Referendum and vote to include the new resources or not. Learn more.
$CERE tokens are the primary medium of exchange for DDC services. Users and app developers can use these tokens to pay for storage and content delivery services, with flexible payment options including pay-as-you-go and subscription models. All storage and content delivery services on DDC require payment using $CERE token. Learn More.
$CERE tokens are essential in the data validation process of DDC service providers. Using Cere’s new DAC Data Activity Capture services, data is validated in real-time and providers are rewarded or punished for meeting or failing to deliver on the SLA promises made when joining the cluster. In the event of any disputes, these tokens play a role in the resolution process, filtering out bad actors and rewarding the best providers to keep them active in the ecosystem. Learn More.
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