Token Utility
The holders of the $ROUTE token will be able to use their tokens to take part in Router's governance by voting on Router's proposals concerning protocol amendments and upgrades.
Router Protocol will impose a small cross-chain transaction fee which will be distributed among the validators and liquidity providers.
Users willing to pay Router's cross-chain transaction fee in $ROUTE tokens will receive a 50% concession. If the fee for a particular transaction is $4 when paid in stables or the source chain's native gas token, users need to pay just $2 in $ROUTE tokens.
ROUTE token will be used as a fee token in Router’s CrossTalk library.
Router Protocol will simplify the process of paying gas fees for cross-chain transactions by enabling users to pay a combined (gas + transaction) fee in $ROUTE tokens. It is important to note that, although the users will be incentivized to pay their fees in $ROUTE tokens, the users can also choose to pay the fees in the gas token native to the source chain.
Last modified 5mo ago