Utility

The O3 token is the native currency of the O3 Layer, a Bitcoin Layer-3 network that powers various functions within the ecosystem. As the core token, O3 serves multiple critical purposes:

-Gas Fees: O3 tokens are used to pay for transaction fees within the O3 Layer. Every transaction and smart contract interaction requires O3 tokens to ensure smooth and efficient processing across the network.

-Validator Rewards: Validator nodes play a key role in securing the network and validating transactions. In return for their contributions, validators are rewarded with O3 tokens, promoting decentralized participation and strengthening the network's security.

-Governance and Voting Rights: O3 token holders play a crucial role in shaping the future of the O3 Layer through decentralized governance. By holding O3 tokens, users gain the right to participate in key decision-making processes, including protocol upgrades, parameter adjustments, and ecosystem initiatives. This empowers the community to have a direct influence on the platform's direction, fostering greater engagement and ensuring that the project evolves in line with the interests of its supporters.

-Staking: Users can stake their O3 tokens to support network operations and earn rewards. By staking, participants help maintain the network’s stability while receiving benefits like staking rewards, airdrops, and incentives from the ecosystem.

-Payments: The O3 token acts as the primary currency within the O3 Layer ecosystem. It facilitates payments for services, decentralized applications (dApps), and transactions, creating a unified and seamless economy for all users. With these utilities, the O3 token drives the growth, security, and decentralization of the O3 Layer, making it an integral part of the Bitcoin Layer-3 ecosystem