⚙️Token Utility

The $SFIT token will be at the centerpiece of the Sense4FIT ecosystem, built on the Elrond blockchain. It will be more than just a utility token, while allowing users to participate in governance matters and voting on development matters for the project. Thus, we have envisioned the following use-cases for the token:

👉Governance: by staking your $SFIT tokens, you will be able to actively participate in the project’s governance matters; voting power is determined by the locking period, with longer periods translating into a higher voting weight

👉Staking: scalable rewards will be paid out for staking the $SFIT token, based on the locking period and amount

👉Accrual of protocol revenue

👉Partner discounts: any partner discounts will be exclusive and available to $SFIT holders

👉Early access: $SFIT holders will be in pole-position for personalized deals and exclusive Sense4FIT product offerings