Usage

How the PROV token can be used across Providence.

In the list below are a range of manners as to which the PROV token can be utilised within Providence. This list excludes factors such as airdrops and bug bounty rewards.

Governance

• Holders of PROV will have voting rights, allowing users to determine the future direction of Providence.

Protocol Fees

• Specific dApp fees will be paid with PROV by users.

Standard Token Vault Locking

• Users can earn a proportion of dApp fees through locking their PROV tokens into our standard token vault.

Loyalty Token Vault Locking

• Users can earn a range of benefits through locking a set number of PROV tokens into the loyalty token vault over a defined period of time.