Exorde service token
The Exorde protocol is managed by participants from around the world who participate in the ecosystem economically or technically. The Exorde Protocol is governed by EXD token holders.
The EXD token, based on the ERC-20 standard, is the primary asset Exorde ecosystem. It is a service token with several functions:
1) Acts as a medium of exchange in the Exorde ecosystem for data purchase indexing and analyzing data or to pay for API queries.
2) Used as a reward (economic incentive) for members of Exorde Work Systems. Each system will reward the work done by its participants according to their quality, quantity, and reactivity. Reward amounts will be developed and adjusted frequently by Exorde management to incentivize the most relevant, up-to-date, and consistent work done by Participants.
3) Acts as voting rights during management events: the number of tokens a user owns determines the weight of their voting rights during management polls and votes. Note that reputation also plays a role in determining a user's voting rights in various voting events.