Utility & Purpose

๐ŸŒŸ The Core of Orb3 Ecosystem

The ORB3 token is the cornerstone of the Orb3 blockchain, playing multiple critical roles within the ecosystem. Its utility aligns with that of traditional tokens found on popular L1s and L2s, with the added benefit of being fully transferable.

  • ORB3 as the Gas Fee Token: ORB3 serves as the essential gas token on the Orb3 L3 layer. This means that all transaction fees within the Orb3 blockchain are paid using ORB3, facilitating smooth and efficient network operations โ›ฝ.

  • Redeemability for esORB3: ORB3 can be redeemed for its escrowed counterpart, esORB3. This feature provides users with additional flexibility and options for engagement within the Orb3 ecosystem, such as participating in governance or staking mechanisms ๐Ÿ”‘.

๐Ÿ”’ esORB3 Tokenโ€™s Utility & Purpose: Enhancing Engagement in Orb3

The esORB3 token is a specialized, non-transferable token within the Orb3 ecosystem, designed to incentivize and reward participation, especially for node operators. Its utility is primarily centered around staking for various benefits, adding a layer of depth and engagement to the Orb3 network.

  • Rewarding Sentry Node Operators: esORB3 is used to reward those who operate Sentry nodes in the Orb3 network, providing them with a range of benefits for their crucial role in maintaining network integrity and performance ๐ŸŒ.

  • Staking Benefits with esORB3:

    • Yield Account: Operators staking esORB3 in the Yield Account will see an increase in their esORB3 yield, promoting continued participation and support of the network ๐Ÿ“ˆ.

    • Culture Account: Staking in the Culture Account grants operators access to exclusive events and NFTs associated with games on the Orb3 Blockchain, enriching their engagement with the ecosystem ๐ŸŽ‰.

    • Governance Account: By staking esORB3 for DAO governance rights, operators can participate in proposals for the DAO/Foundation treasury, contributing to the strategic direction of Orb3 ๐Ÿ—ณ๏ธ.

  • Flexible Staking Options: Operators have the flexibility to move esORB3 between the three accounts instantly and without penalty, allowing for dynamic participation based on their preferences and goals ๐Ÿ”„.

  • Unstaking Period: To unstake esORB3, there is a standard unlock period of 30 days, ensuring stability and commitment within the ecosystem โณ.

By serving these key functions, the ORB3 token is not just a digital asset but a vital component that powers and maintains the Orb3 blockchain's economy, ensuring its functionality and scalability.

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Nex Gen Layer3