​​What are EYWA tokens for? EYWA tokens are not just anothe | 🇬🇧 EYWA Announcements

​​What are EYWA tokens for?

EYWA tokens are not just another cryptocurrency on the market - they are the most important tool for governing and protecting the EYWA ecosystem - a comprehensive cross-chain protocol that combines multiple blockchains into a single DeFi space.

First, EYWA tokens give their holders the right to participate in the EYWA DAO voting, the protocol's decision-making body. This ensures not only the participation of all EYWA token holders in the management of the protocol, but also protection from the concentration of power over the protocol in the hands of a small group of people.

Secondly, EYWA tokens ensure the integrity and security of the protocol's oracle network - EYWA Relayer Network. Each node holder in the network is obliged to freeze a certain number of EYWA tokens, and the consensus algorithm used ensures that the attacker must have at least 50-65% of the total volume of frozen tokens to interfere with the network operation.

In addition, the EYWA token can be used to pay fees for cross-chain transactions in the protocols and is used to pay rewards to oracles and stake holders, pay grants to the EYWA DAO and finance any other aspects of the protocol's activities.

In other words, the EYWA token is the blood of the protocol, which allows all its components to work.

Eywa.fi Team