Purpose of $NXF

  • Transaction Fees: $NXF is used to pay transaction fees within the NexaFusion network. This includes payments for executing smart contracts, processing transactions, and accessing AI models and data stored on the network.

  • Incentives: $NXF acts as a reward mechanism within the NexaFusion ecosystem. Node operators, including storage nodes and validators, earn $NXF for their contributions to network security, data storage, and processing capabilities.

  • Governance: $NXF holders have governance rights, enabling them to participate in decision-making processes that affect the development and operational guidelines of the NexaFusion network. This includes voting on upgrade proposals, protocol changes, and allocation of community resources.

  • Staking: $NXF can be staked by holders to participate in network validation. Staking $NXF helps align the incentives of $NXF holders with the health and performance of the blockchain, contributing to network security.

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