8: Utility Tokens

8.1: What is a utility token and how does it differ from a property token?

A utility token is used within the FraXn platform to access services, earn rewards, and participate in governance. Unlike property tokens, utility tokens do not represent ownership of real estate assets but offer other benefits within the platform.

8.2: How can I use utility tokens on FraXn?

Utility tokens can be used to access premium features on the FraXn platform, participate in staking programs to earn additional rewards, and vote on platform governance decisions.

8.3: When is FraXn's utility token launching and how can I participate?

FraXn's utility token launch is happening shortly. To participate, follow these steps:

- Join the Waitlist: Sign up on our website to stay updated with the latest news and announcements about the token launch.

- Participate in the LBP (Planned for later): Our token will be launched through a Liquidity Bootstrapping Pool (LBP) on Fjord Foundry. Keep an eye on our announcements for the exact date and time to participate.

- Stay Engaged: Follow us on social media and join our community channels to get real-time updates and support during the token launch.

8.4: What are the benefits of participating in the FraXn utility token launch?

By participating in the FraXn utility token launch, you'll benefit from the innovative features of our platform and may also receive additional incentives and rewards. You can also stake your FraXn utility tokens to earn additional returns.