Sunday, July 21, 2024

Everscale introduces utility token QUBE for FlatQube DEX

The Everscale network has launched QUBE, a utility token for the FlatQube DEX. It will enable users to participate in the platform’s governance. The token will provide multiple opportunities for users to earn and save.

The FlatQube, via QUBE, will be able to institute a DAO wherein users can vote on proposals and submit their own by staking on the utility token. Users who participate in such programs will be eligible for reduced fees on their transactions and operations on the DEX.

Everscale, since Q4 of 2021, has been undergoing a renaissance. It has been adding key new platforms and upgrading existing ones in line with the network’s decentralized vision. A leading network developer, Broxus, recently introduced retooled versions of its range of Everscale products, including FlatQube, Octus Bridge, and EVER Wallet.

This was brought about through the Everscale network’s evolution. The project which was initially launched as FreeTON has now moved beyond. It prompted the rebranding to Everscale, in part to reflect the network’s limitless scaling capabilities. Decentralization is at the heart of Everscale. It has reached a point where it has started to decentralize all aspects of its economy. This came about with the launch of the Octus Bridge DAO. Here users can participate in the governance of Everscale’s cross-chain Bridge platform.

It is set to launch another DAO structure into its ecosystem through the Everscale launchpad. Approved projects can integrate through Everstart into the Everscale ecosystem.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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